In the days following Brexit, the UK housing market has experienced the best and worst of several worlds. Some sectors have seen more activity, whilst others are seeing less. House prices have surged to new heights and then slowed down. Inflation is starting to cool off as well following the increase in base interest rate last month. Remortgage activity has also made its way through months of little activity and months of extreme activity.

Recent figures indicate house price growth is slowing down, according to Nationwide. Last month house price growth increased slightly and house prices increased .1%. October saw house prices increase .2% and September experienced growth of .4%. A trend of house prices growing at slower speeds is now documented for the third month in a row.

Some housing experts see confidence in the housing market beginning to erode. Others believe pressure is being applied to family incomes through inflation which is affecting demand within the housing market. Affordability as well as properties available for purchase are now two issues coexisting and causing real anxiety for young buyers. The group is not only falling short being able to afford properties, but also having a difficult time actually finding properties which are suitable to buy.

Recently, stamp duty was omitted from the cost of properties for young people up to a value of £300,000. This new rule is expected to have small amount of impact on the housing market since many young people own properties which fall below the stamp duty minimum. This minimum property value sits at £125,000.

Housing experts believe remortgage will continue its strong wave of activity with many lenders remaining competitive in search of new clients and offering deals with low interest rates connected to them.