Recent comments from the Bank of England governor Mark Carney have brought on some serious reaction concerning the possibility of impact of a no deal Brexit. Carney is of the opinion that a no deal Brexit could result in house prices falling by a third, or 35%. His comment was met with fierce opposition from many within the UK housing market. Estate agents especially had issue with the comments from Bank of England governor Carney.

Clarification of his comments came Thursday as he claimed a housing slump was used as an example of worst-case scenario during stress tests of banks. Some analysts believe house prices have no chance of falling. They also believe the economy has little chance of slipping into recession following the days of a no deal Brexit.

As house prices and no deal Brexit are both of heavy concern currently, remortgage continues to remain quite active relative to many other sectors. July kicked off a summer of remortgage activity which has not slowed. During that month more remortgages were obtained than any other month in the last decade. A total of almost 50,000 remortgages were obtained.

The forecast for the remainder of the year is quite positive for remortgage. With the constant threat of the Bank of England increasing the base rate affecting the decision of house owners, remortgage is expected to remain hot.

House owners are still finding attractive deals from all types of lenders, both large and small. There are deals featuring low interest rates, low administration fees, and cash back. Experts are urging house owners to check into the possibility of remortgage as soon as possible.