CML: Housing market 'unlikely to change'
first-time buyers might be affected by a prediction from one of the UK's leading mortgage bodies that the housing market is unlikely to see a lot of movement in the near future.
The Council of Mortgage Lenders (CML) was responding to new data from Hometrack, which revealed a 0.2 per cent increase in house prices.
Furthermore, prices in London rose by 0.6 per cent during the month of march, which flattered the national average, may not be good news to be looking to buy in the capital.
A spokeswoman for the CML said that the organisation did not expect too much movement in prices or transactions and that the upcoming general election is causing uncertainty in the market.
This follows comments from the director of external affairs at the Federation of Master Builders, Brian Berry, who called for action on mortgage liquidity to boost the housing industry.
News that the mortgage market is unlikely to improve for first-time buyers might encourage more people to look for property to rent in the London borough of Barnet, or elsewhere in the UK, instead.
By Ben Carter
Published 27th April, 2010
© 2010 Estates IT Limited
London Rental Property News By London Borough / Category
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More people may be encouraged to look for property to rent in the London borough of Barnet, or elsewhere in the UK, after one of the country's leading voices on mortgages suggested that market may not improve in the near future.