I could almost hear the champagne corks popping around the country on New Years Eve as brokers, lenders and networks alike celebrated a great year for the mortgage industry. I think the the partying is set to continue into 2007 too. With gross advances on a high and broker confidence matching it, I really can't see any reason why we won't be dancing in the street as the new year unfolds to reveal its delights.
Low interest rates, continued house price inflation and strong demand for buy to let are all set to continue. Some new trends are on the cards too. More European cross-border mortgage activity is likely. This will be fuelled by continued demand for overseas investment property as investors seek out new hot spots coupled with a desire for a second home in the sun. On the down side, some experts predict a dampening of enthusiasm for bricks and mortar. The doom-mongers argue that houses are overvalued, that affordability will stifle first-time buyers due to imminent increases in the base rat...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
