UK housing market house prices took a small dip last month for the first time since August of last year. The slowdown in activity and subsequent loss in momentum of house price growth does not seem to worry those close to the market, however. Demand is expected to bring house prices back up in the coming days with the selling season barreling towards us like a freight train.

The selling season is approaching quickly and with it will come demand for property of all types. The winter landscape will turn green and residents near and far will be out looking for a new place to call home. Those who are not looking for a fresh set of walls to set their lives in will be remortgaging, and the near future looks quite favourable for this group at this time.

Interest rates remain at rock-bottom level. The current state of interest rates is quite favourable and is expected to stay this way until a potential rate rise takes place in May which will be here in no time.

For those considering a remortgage, there is no time like the present, according to housing experts. Interest rates mean lower monthly mortgage payments and that is only one benefit of remortgage. In addition to potentially saving hundreds of pounds per month, house owners are in position with remortgage to access valuable home equity which they can obtain as cash.

Although house prices took a dip last month, demand is expected to bring them up again quite soon. Interest rates are low, along with the unemployment rate. House owners are in a fine position to remortgage and take advantage of a market which is currently absent of vigorous activity, according to housing specialists.