Mortgage market likely to decline
The complete UK housing market is likely to slow down during
2008 period, one expert reveals more data.
Executive director, Peter Williams of the Intermediary Mortgages
Lenders Association (IMLA), confirmed that the most buoyant market
analyst believes property prices would not rise by more than
three per cent by 2008 period.
In dispute that the market will stay on a steady pace through
2008, Mr Williams recommended that many mortgage borrowers would
find that their loans are priced differently as lenders appear
to bring them in procession with elevated money market and swap
Mr Williams added: "Lenders are preparing for the likelihood
that business will remain depressed throughout much of 2008,
with less mortgaging activity and an increase in the proportion
The Council of Mortgage Lenders a short time ago estimated that
property price inflation would remain the upward trend although
2008, with more than one million property transactions said to
Looking at the organisation, interest rates are expected to decrease
by next year.
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