View more on these topics

Consumers say house prices will carry on rising

The Woolwich yesterday released May figures on consumer confidence in the housing market.

The percentage of consumers who expect house prices to increase has soared by 11% already this year from 56% to 67%.

These figures are close to the peak levels ever recorded by The Woolwich – when in 2002 confidence peaked at 68%.

Andy Gray, head of mortgages for The Woolwich and Barclays, says: “Consumer confidence goes from strength to strength, but with further rate rises predicted in the second half of this year, we expect the rate of house price inflation to steady towards the levels seen in 2003.

“This means that consumers need to be realistic about the capital growth they can expect from their home in the immediate future, and view any purchase as a long-term investment as we expect house price inflation to be neutral by the end of 2005.”

Recommended

5 x sub-prime deal launched

Branded lender ICMG Homeloans has launched a sub-prime deal offering 5 x income. The deal, funded by Rooftop Mortgages, has been structured in response to concerns surrounding bogus self-cert applications and to encourage income verification by extending income multiples on status sub-prime cases. The new multiples are 5+1 or 3.5 x joint up to 85% […]

Bidding is a real kick

To coincide with the start of Euro 2004 Mortgage Strategy has teamed up with Platform to auction a signed David Beckham football boot, with the money raised going to Cancer Research UK. To take part in the auction, go to http://www.mortgagestrategy.co.uk

Abbey for Intermediaries introduces lending policy based on affordability

Abbey for Intermediaries has introduced a lending policy focussing on affordability which will apply to all mortgage applications across the Choices range. The policy centres around flexibility and transparency, with the intermediary able to clearly see how much Abbey will lend, focusing on affordability and the customer&#39s ability to meet repayments. Lending multiples are set […]

A summary of the Scottish housing market

•House prices in Scotland have risen by 207% since the beginning of 1983, from £27,800 to £85,212 in 2004 Q1. •During 1983-2003 house prices in Scotland increased at an average rate of 5.3% per annum. •There was no boom and bust cycle in Scottish house prices during the late 1980s and early 1990s. •House prices […]

Dubai

White paper — Dubai International Insights

Jelf Employee Benefits discusses the legislative changes in Dubai, available medical facilities and policy considerations for employers with expatriate workforces in the country. This edition will be of particular interest to global human resource directors, compensation and benefits specialists and mobility managers who have employee populations in Dubai, or are considering operating there in the near future.

Newsletter

News and expert analysis straight to your inbox

Sign up