The UK housing market is currently experiencing changes in home values in different parts of the country which is leading many to wonder what the next trend will be. Housing values are a prime indicator of which direction the market is heading and currently that is up in the air. The one thing which is still quite solid and predictable is how a remortgage will affect the bottom line of a residential dwelling.

Property values in the city of London are falling for the first time in a long time. This is not the most surprising fact either. Values of property within the ultra-prime postcodes, like SW1 are falling whilst values outside the city limits in the commuter areas are falling and in some cases quite sharply. This is creating wonder about what the future holds for other regions of the capital city. Many investors are finding worthy property outside the city and avoiding high taxes.

As housing market property values fall and increase, the remortgage market is still quite active. Lenders are still in quite competitive mode and offering deals which include low interest rates and low fees to acquire. This is only a slight change compared with the beginning of the year.

Since there is no definitive time frame now for a hike in the base rate, many house owners are still finding deals which are attractive and beneficial.

A remortgage makes it possible to lower a monthly mortgage payment through obtaining a lower interest rate. Also, the process allows for home equity to be accessed and then put to use for debt repayment, holidays, or even a home renovation. The entire process can now be completed online.