UK housing market house prices are still on a track upward, despite the lack of incremental gains in wage increases and other fundamentals. House prices are expected to grow at a slower pace next year compared with this year, but grow nonetheless. This is according to a recent Reuters poll of analysts within the market.

Consumer price inflation is expected to grow at 5% by the end of the year and slightly more than 4% during 2016. The forecast for wage increase is 3.3% next year and almost 4% during the year 2017.

Even though there are several factors working against house hunters regardless of their situation, many property experts claim housing is still quite affordable. This point is debatable when asking the average house hunter, especially the first time buyer who is attempting to put together enough cash for a down payment.

Johnny Morris of Countrywide commented on the latest data concerning affordability of property, saying: "Historically low interest rates mean that for those that can raise a deposit, housing is cheaper to own in most parts of the country relative to disposable income.”

As housing prices continue to increase overall, remortgage activity is currently a mirror image of this trend. Across the UK, remortgagors are taking advantage of attractive deals which are still available to those who are approved. Many house owners are obtaining deals which are saving them hundreds per month off the cost of their mortgage payment. Remortgages were once only available by visiting the office of a lender in person. Now, a remortgage can be applied for and obtained online.