The UK market has seen quite a mix of economic issues spotlighted during the last few months greatly affecting housing and those close to it or attempting to make a move within it. House owners are still finding great advantages to obtaining a remortgage, but first time buyers looking to reach the first rung on the property ladder are searching for answers to high deposits and weak wage growth.

The remortgage sector is running along at a strong pace and appears to be able to maintain the current pace, according to many within the housing market. Low interest rates remain the mainstay of a healthy remortgage sector, with house owners getting ahead and getting control of the amount of outgoings by remortgaging their current house with a lower, fixed rate mortgage lending product.

First time buyers however, the backbone of the market of tomorrow, are finding it hard to put together the amount needed for most home mortgage deposits. This problem is not only challenging, it is impossible for many due to the slow rate of growth of income found in many firms.

The first time buyer is the future of the market and has to find a way to be successful in their search for available and affordable housing. Currently, demand is outstripping supply which makes it a seller market even though prices are flat or are falling.

Most are conceding to the high prices and simply settling for a rental property until they are able to afford a down payment. Many who do not accept the idea of rental space are relying on the bank of mum and dad to make moving out possible.