In the days following Brexit, many experts within the UK housing market were searching for words and possible data to support how many negative issues surrounded the outcome of the vote. The prognosis was horrifying for many sectors and others would be lucky to survive at all. This created chaos in the minds of many and led consumer confidence down a dark path. However, new data is proof the forecasts were off in many instances.

First time buyers are in fact buying homes and not completely priced out of the market. Even though house prices have increased month after month, the possibility of first timers owning a home is quite high. There are numerous government schemes available to assist those seeking out a first time residence.

First timers are facing a challenge upon starting the search for their first home, but there are many finding success with financial assistance. More than 30,000 have been helped by the Help to Buy scheme.

The remortgage sector is an area which was estimated to need assistance following the historic vote. After a strong start to the year, activity dipped slightly in anticipation of what would take place with interest rates following the vote.

Interest rates have fallen and now more UK home owners are springing to obtain a remortgage. They are realising huge amounts of savings and being able to access massive amounts of home equity.

As time passes and many see the housing market is not imploding, consumer confidence will undoubtedly bounce back sooner compared with later.