Remortgages are hard to come by due to tight lending and home buyers looking for their first home are shut out of getting a mortgage approval due to lending restrictions and high deposits.  Overall the housing market is basically frozen as there are few buyers and few sales happening despite the low interest rates.  There are however two areas where the housing market remains busy. 

One area where the housing market is seeing activity is wherever there are properties in the high end of cost.  For in areas such as Buckinghamshire town, where almost half of the homes that sold were done so above the mark of £1 million in June, homes are selling. In fact this is a trend seen almost anywhere in the UK, as the number of homes above the £1 million price tag are selling at almost a record number of one in every 29 home properties sold. 

The other area in the housing market that is seeing movement is where there are adequate properties that can be purchased and put up as a buy to let property.  Landlords are adding properties to their portfolios as there are more renters in the market.  The demand is making it the right time for landlords to expand and for investors to come into the market as new landlords.  For many rental management companies there are waiting lists for suitable rental properties.  The boom in the buy to let market has come about as household choose to hold off on purchasing in this weak economy or they are forced to rent due to the inability to meet the tight lending criteria currently in place by lenders.