Market Commentary from the Council of Mortgage Lenders
Published ¤ 22/06/2009
Large cuts in interest rates have benefitted many, making it easier for households who suffer a loss of income to continue to pay their bills. As a result, we expect fewer borrowers to fall behind in their mortgages payments this year than previously and fewer possessions. But the deteriorating labour market means that the number in arrears will still rise.
The raft of measures taken by the authorities over recent months has limited the decline in available funding. However, the lending industry still faces considerable challenges in increasing the supply of mortgage credit. Taken together with a still weak economic backdrop, housing activity is likely to remain subdued for some time yet.
To read the full article, please click on the image below:
If you are concerned about your job security and the prospect of redundancy, talk to us about income protection. We have a range of products available to help secure your income in the event of unexpected unemployment. Call us on the number above for a free and impartial chat about your options, or click here to send us a message.
¤ 22/11/2017 10:59:05
¤ 13/10/2017 09:07:18
¤ 12/07/2017 13:04:59
¤ 17/05/2017 14:12:43
¤ 15/05/2017 16:38:38
¤ 24/11/2016 10:01:42
¤ 07/11/2016 13:37:51
¤ 12/04/2016 15:03:26