As we all wait to see the real impact of the Brexit vote in the coming months, the UK housing market runs at post New Year speed and awaits the start of the busy selling season set to start shortly. The market has proven so far this year to be resilient with few indications of a decline appearing thus far. This is good news to many who are ready to start a season of new client relationships and a flood of new activity. Home owners looking to remortgage before a potential rate rise are still being urged to start the remortgage process as soon as possible.

Rates could be rising soon. The possible rise in rates could take place as early as May of this year. That is less than two months from now. Not only is it eight weeks from actually taking place, it is also much less time than that before lenders raise rates in preparation of the hike.

Processing this information will lead to stress for a lot of home owners, but it should be handled as little more than a call to action. There are a few things to get prepared after hitting the stress button for a quick remortgage.

First, collect all necessary documents regarding the current lending arrangement which is set up with the lender. This will be official documents, possibly a repayment schedule or even a repayment booklet. Collect all information about payments which have been made to date as well. This could mean printing out the history if the repayments were made online, or through a special bank account. Any literature prepared by the lender when the loan was granted is important as well.

Next, understand what the goal of remortgage is before applying. Some home owners are only looking for a lower interest rate. Some are looking for access to cash stored in home equity. Either way, set a goal for the outcome of the remortgage. Lenders will help create a clearer vision of what is a best match.

Lastly, since a remortgage can be done online, get started. It is a simple, quick process to apply for a remortgage online and approvals can occur quickly. Housing experts feel this is a wise time to remortgage before rates increase and lenders are flooded with applications.