Positive things will be happening over the course of the next five months within the UK housing market.  Remortgaging figures are set to jump off the page, more competitive deals will be offered from lenders, and schemes like FirstBuy are all things which should prompt optimism in this economic thunderstorm.  The remortgage market alone has seen skyrocketing growth over the last six months of the year.  Albeit the base it started from was low, but the growth has been inspiring nonetheless.  Through the first two quarters of 2010, Connells reported a 90% increase in the number of remortgages had been completed over the same time last year.

Comparatively speaking, analyzing remortgage figures for a time period is pointless unless it is contrasted with other figures within the market.  A true sense of its success or lack of success can then be realized.  For example, remortgages occupied a quarter of the mortgage business figures in the first month of the year.  Contrast that with the remortgage number falling to 20% in May of this year.  Overall, the remortgage market has been on the upswing since the first quarter of last year.

The continued higher numbers of remortgages was prompted by ongoing talks of a rise in the base rate.  That fever pitch of discussing a rate hike ran through the first few months of this year.  In order to combat rising interest rates, borrowers jumped onto a fixed rate product.

A rate hike in the coming months is unlikely, according to many economists.  So, in the meantime potential borrowers can expect to see a wide array of attractive deals from the lending side.

In addition to remortgaging, lower home prices and easing of lending criteria has created an attractive arena to purchase or sell a house in.  This is also a trend which should continue through the rest of 2011.