The UK housing market is sitting in an idle moment of uncertainty currently and many within the market are trying to understand what will be the next move. The interest rates remain at historic lows, the general election stands days away, and lending institutions are set to move into the prime buying season. This could be the best time for any house owner to consider a remortgage.

Interest rates remain at historic lows. This will not be the case and the rise in rates could take place sooner as opposed to later. Nobody truly knows. The next meeting of the Monetary Policy Committee will be telling, even though many inside the market are estimating the rise in interest rates will not take place for a few months, at least.

The general election is pivotal for the entire housing market, both now and into the future. Several issues are on the table and those issues will undoubtedly create waves across the market which could affect the ability to secure a remortgage at the current low rates. Lending institutions know this and can only increase the cost of financial products to bring down the level of risk. Now could be the best time to look at the time of a remortgage.

The prime buying season is just days away. With warmer weather comes big possibilities. House owners go through a renewal period each spring and that means possibly moving home. Heavy competition among lenders right now favors all who are looking to possibly remortgage. Just a few weeks from now lenders will see demand increase making it easier to increase the cost of financial products, which includes the remortgage.