The city of London is seeing residents flee the region in high numbers as of the latest data regarding housing. Scotland is the number one area for those leaving the capital city to move to. People are moving away from London and it is mainly people in their thirties, according to figures from a think tank studying the behaviours of those in the capital city. The data indicates those moving away from the city are in search of more room, and more opportunity to locate a spot on the property ladder.

There are many in their thirties fleeing from the capital city in search of employment opportunities and a higher spot on the property ladder, according to the latest data. Those moving away also cited higher property prices for the reason to move away from London.

For those remaining in the capital city, remortgage is still an option. This option fits well with those who are in the possession of mortgage loans entering a maturity.

Interest rates remain at historic lows and lenders are more than willing currently to work with borrowers in search of a better deal. Home owners are finding savings each month off their current repayment amount. Some home owners are finding as much as £100 savings each month from a new deal.

Remortgage has become quite the buzz in the last twelve to eighteen months for those looking to secure a more stable future in a housing market still full of uncertainty. Fixed rates are able to provide more secure footing in a future which could include a number of new economic challenges. Housing experts suggest remortgaging now instead of waiting for days closer to the possible interest rate hike which could take place in August.