UK housing market house price growth is expected to be subdued this year as uncertainty coupled with other factors like Brexit negotiations are taking center stage. By region, house price growth is starting to resemble one another. This is not typical and will likely not continue for a great deal of time. House price growth is expected to be minimal during the year and only expand by around 1%-2%. Overall, the year 2017 saw an increase of 2.6% in house price growth compared with 4.5% the previous year.

House price growth will be heavily affected by many factors this year according to housing experts. Ineffective wage growth, squeezing budgets on many households, and continued inflation will prevent house prices from growing with any real surge.

The remortgage sector is expected to begin the year in a manner similar to the way it completed the year 2017. Low interest rates remain in the spotlight. This, combined with lender competition is making the year 2018 beginning as very much a borrower market.

House owners are finding meaningful amounts of savings through remortgage. Deals featuring affordable closing costs, low administration fees, and especially low interest rates are creating a market suitable for many different types of household budget situations. Remortgage is no longer a low priority option for those trying to potentially save money. It is now proven to save money as homeowners transition to a low, fixed interest rate deal. It can be applied for online with an answer of approval coming back in a short amount of time.