Though the calendar is much closer to the set Brexit deadline of 31 October, the shadow of uncertainty has not lifted. Homeowners are expected to stay focused on the ability to remortgage to a low interest rate for savings and hopeful home buyers willing to push caution to the side are likely to discover very attractive mortgage lending opportunities.

Experts are divided on what exactly will occur in the housing and lending market once Brexit actually occurs, and yet it appears that many borrowers are staying on course for their own needs rather than heed any information from the experts.

The fact that the housing market has remained resilient in the lead up to the first Brexit deadline and then to the second postponed deadline approaching is purely due to hopeful home buyers seeking the golden lining within the Brexit cloud of uncertainty.

They had plenty to take advantage of as they climbed onto the property ladder. There have been continued low interest rates with some historically low for particular lenders, longer fixed rates offered, low asking prices from home sellers, and creative mortgage products and schemes allowing smaller deposits.

Experts have warned that whether there is a deal or no deal Brexit there could be changes to the Bank of England’s standard base interest rate fairly soon after the decision is made. A no deal is expected to require the interest rate to stay steady or for it to possibly be cut. While a Brexit deal will release stored up investments that could over stimulate the economy and trigger an interest rate hike.

With the many attractive opportunities available currently in mortgage and remortgage lending, waiting on Brexit isn’t necessary. Borrowers are likely to find plenty of choices that will fit their needs with low interest rate savings ready to take advantage of, so taking initiative to get a mortgage or remortgage prior to Brexit could maybe even have the borrower having made the best choice by not sitting on the fence waiting for a better deal.