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House prices will remain stable in 2006, says Propertyfinder predicts that interest rates and house prices will remain stable throughout 2006.

Jim Buckle, managing director at, says: The dark days of late 2004 and early 2005 for the housing market are well and truly behind us. Propertyfinder.coms research tracking buyer and seller confidence is a good predictor of housing transaction volumes and shows that transactions are set to increase into the New Year by around 30% compared to last year. Interest rates are not likely to move much so we cannot expect much stimulation from the Bank of England.

We think that interest rates will end 2006 at the 4.5% level. The city is giving a necessary boost to the market in London and the South East where the housing market is already improving. However, we expect regions further north to take more time to follow suit. Despite a much healthier market in transaction terms, we dont expect much movement on actual prices and are forecasting rises of 2.5% for the UK overall.

Nicholas Leeming FRICS, client director at, adds: Throughout 2005 we consistently maintained that the property market was on a much firmer footing than many speculated. There is no suggestion that we are returning to the boom days, but 2006 should at least see a return to more normal levels of activity. With house prices rising in line with inflation, the affordability of housing will actually improve as wages rise more quickly.


MPLC invites sourcing systems to discuss affordability calculators

Mortgages PLC is inviting mortgage sourcing systems to discuss the issues relating to the publication of affordability calculations on their systems. Peter Beaumont, sales and marketing director at MPLC, says: Since extending the availability of our affordability range in November we have seen a massive increase in the use of our calculator. It is clear […]

Coventry expands intermediary sales team into Scotland

Coventry is expanding its intermediary sales operation into Scotland with the appointment of an intermediary sales consultant.Karen Collington, who lives in Glasgow, has previously worked for Mortgage Intelligence and Cheltenham & Gloucester and has vast experience in the intermediary market.Julie Jones, head of intermediary sales at Coventry, says: Although we have always lent in Scotland, […]

Buy-to-let grew 16% in November

Mortgages Direct has revealed that buy-to-let mortgages increased by 16% in November. This followed a steady increase over the past six months, as many investors geared up for self-invested personal pensions’ tax-free investment opportunities. This has now been retracted by the government.

GMAC-RFC wins BOS lender award

GMAC-RFC was named best lender of 2005 at BDS’ 15th anniversary and intermediary awards celebrations earl ier this month. Th e black ti e event was held at the Meon Valley Marriott hotel in Hampshire and sponsored by Future Mortgages, Rooftop Mortgages, GMAC-RFC, Mortgage Express and BM Solutions. The honours were awarded based on votes […]


Case study: administration — managing group life schemes

Our client leads the global market in high-tech electronics manufacturing and digital media. The trustees of the company’s final salary pension scheme insure death-in-service lump sum and dependants’ pension death benefits for active employees, as well as dependants’ pension benefits for deferred members (those who have left service).


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