Uncertainty surrounding Brexit is taking its toll on the UK housing market and working on property price growth in particular. The London market is expected to be especially affected by the vote of last year which saw people of the UK vote to leave the EU. According to the Royal Institute of Chartered Surveyors, house prices in the capital city are forecasted to stagnate next year.

Supply is once again being viewed as a major problem to growth with a lack of supply creating issues for those in search of property. The shortage has been an issue for some time with home construction firms building as quickly as possible in an effort to avoid serious issues expected by the year 2020.

The London market is expected to struggle next year with a lack of transactions. The strongest growth is expected to take place in Scotland, Wales, Northern Ireland, and Northwest England.

London is expected to also see a large amount of remortgage activity in the coming months. With interest rates sitting at such low levels, home owners are still able to find attractive deals with massive potential to save money off the cost of the monthly mortgage payment.

Remortgage expectations are high for the coming year. Renovations to homes, paying off old debt, and taking holidays are all possible with the process of remortgage. Accessing valuable home equity through a remortgage can change the entire complexion of a home budget. Rising costs of everyday living coupled with increasing petrol cost and struggling wage growth make remortgage a tool more are turning to every day.