The slow start to the UK housing market during the first part of the year could be part of the rear view landscape, according to the latest figures released. Mortgage approvals are looking up as February marked a six-month high. Although approvals topped out at more than 61,750 during the month, the level still stands a distance of almost 20% compared to the peak of January 2014.

Heavy competition still remains a constant within the housing market lending community. This has sparked a wave of fine opportunities for those looking to move home or remortgage. Demand is also increasing due to low interest rates and the trend of rates continuing to decline.

Many experts within the housing market contend the strong figures released recently mark a correction of the market from the slow start of the first of the year. Howard Archer of IHS Global Insight commented on the data which could stand for more than just a strong month.

Archer remarked: “We suspect that the housing market activity has bottomed out and we see it picking up to a limited extent as 2015 progresses.”

Next to mortgage approvals is the prospect for a strong spring season of remortgage activity. Spring marks a time symbolic of fresh starts and new beginnings. For home owners, a remortgage can completely transform the balance sheet of a family’s financial health. Many attractive deals are still available, but they will not last forever.

As demand picks up, lending institutions will quickly adjust the family of products available and fewer great deals will be up for grabs. The time is now to make the move on a fine remortgage product.