Recent news has painted a slow picture for the UK housing market. Activity levels for original loan applications as well as remortgage applications are estimated to be especially slow until the beginning of the year. Even then, they are not expected to pick up pace until threats of a rise in interest rates are made. The rise in interest rates is not expected now until possibly the end of next year, or even the beginning of 2016.

Economic data has been steadily improving over the last few months which has led to many economists’ ideas that an increase in interest rates will take place sometime soon. Inflation has leveled off and sits well below the target rate of 2%. Unemployment continues to fall, and demand for lending is sitting at a low point. These factors combined have created an environment which is quite unlikely to support an increase in interest rates and still allow the economy to grow at the same time. Many economists have changed their estimate on the track for the next increase in base rate.

The delay of an increase in interest rates also allows for more time research deals available online. Remortgages are especially popular online and with the wintery weather outside, it is a perfect time to research deals now to be prepared for the first months of 2015. Although lending is not in demand currently, that has not stopped many banks and institutions from advertising incredibly low rates on original loan packages as well as remortgage deals.

Researching deals online also makes it quite convenient to compare deals against one another and determine which deal fits best with your financial situation.