Response to CML's mortgage lending statistics to November 2014
Thu 18 Dec 2014
Peter Rollings, CEO of Marsh & Parsons, comments: "The contours of the UK housing market have shifted from the start of 2014, with property price rises softening into a more organic upward curve. New configurations of affordability checks and pre-emptive measures in the mortgage market temporarily diverted the route of lending, but overall progress is healthy."
"Mortgage products have never been more attractive, and with plentiful choice of properties and now smaller up-front stamp duty costs, buyers are faced with a very favourable set of conditions. This has a knock-on effect for sellers, as durable demand enables them to trade up, and this fluidity of movement at every level of the market will ensure buoyant activity and optimism spills over into the start of next year."