The UK housing market selling season is upon us and many house owners as well as house hunters are actively practicing the art of precise decision making regarding the short and long term arrangements of their living situation. The general election is in the past and that has freed the reigns for many to hop off the fence and make decisions in terms of selling or remortgaging. It just happens to come when the market is experiencing a slowdown.

After the housing market jumped out to a torrid pace to start the year, the market is cooling off in the midst of the beginning of the 2015 buying and selling season, according to the latest figures from Nationwide. Just twelve months ago, growth of housing prices hit a high of almost 12%. This June has been a different story.

House price growth has slowed in the majority of regions within the UK, and the activity in London does not seem to be affecting it. In fact, recent figures have indicated Northern Ireland has surpassed London in the area of highest annual price growth.

Growth in house prices is paramount in making the decision to sell or simply to remortgage. For those who decide to forego selling the house, remortgaging can offer some exceptional benefits. The first benefit is the ability to obtain a lower interest rate on the mortgage loan. Extremely low rates are still available from lenders wanting to add house owners to their baseline of customers. Heavy competition is still quite popular among those lenders offering remortgage as well as original loan products.

Not only can house owners select the right fit of a remortgage product for their unique situation, they can also free up possibly large amounts of home equity which has been piling up since occupation of the home. With the warmer weather, it is the perfect time to use the cash towards a valuable home renovation.