The UK housing market began the year with a punch and is now slowing to a crawl following the historic Brexit vote last month. As many within the market are seeing great gains and higher levels of activity, others are finding uncertainty and a possibility of large steps in the opposite direction. One group is finding the conditions within the market ripe for entrance as first time buyers are being awakened to opportunities of securing a position on the first rung. A dip in housing prices is opening doors for the first time in years.

First time buyers have been stifled from entering the property market. The market has had so much pressure on house prices the group has been unable to afford not only the monthly mortgage payment, but the deposit as well. House prices have been increasing each month for several years and that has discouraged young buyers from even thinking of owning their own property. Many have been forced to live at home for much longer than expected or take on roommates to help burden the cost.

Although government schemes have helped many starting out in the property market, there are still many first timers looking for a seam to squeeze through. The dip in house prices could be the solution for many who dream of owning their own home.

Another group finding opportunities within the housing market are current home owners who are looking to remortgage. Lenders continue to offer attractive deals with extremely low interest rates. Some home owners are completing the process with mortgage payments thousands less than they started with. The process is also streamlined now to be finished quickly and entirely online.