The UK mortgage market will remain strong in the coming months, an expert has predicted.
Milan Khatri, the chief economist for the Royal Institution of Chartered Surveyors, believes that a growing economy, coupled with borrowers' confidence in their finances, will lead to a robust mortgage market in the near future.
"Official government house price statistics showed August was a strong month for the property market, with the annual inflation rate of 7.7 per cent being the strongest since March 2005," he remarked.
"First-time buyer house prices rose at a slightly slower pace of 6.9 per cent but are well ahead of average earnings which will stretch affordability for buyers ."
Mr Khatri's comments echo those he made recently, claiming that affordability is set to remain difficult for many first-time buyers looking to find a mortgage.
The expert predicted that the monetary policy committee would raise the base rate in November, despite the decision to freeze rates in October.
However, he predicted that this potential rise would only lead to slight cooling in the mortgage market.
Mortgage market to remain strong, expert predicts
Mortgage Quote Line
0845 108 0505
Mortgage market to remain strong, expert predicts
Tue, 10 Oct 2006
Recommended links
Complete guide to mortgagesFree mortgage quotes available
Compare today's top mortgage providers
Tips for first time buyers
Mortgage market still growing, research shows
Mortgage market in summer slowdown, study shows
First-time buyers opt for shared mortgage, study shows
First Time Buyer Mortgages
Mortgage Information
Buy to let mortgage market recovering still further
Buy-to-let mortgage market growing, study shows
Buy-to-let mortgage market confidence growing, poll finds
Buy-to-let mortgage market buoyancy continues
Buy-to-let mortgage market uncertain
European mortgage market healthy, Rics says
Buy-to-let mortgage market not deterring first-time buyers, says expert
New Skipton mortgage market leading, company claims
Buy to let mortgage market looks buoyant
Mortgage market shows strong rise
Near and sub-prime mortgage market to grow by 20% in 2 years
Buy to let mortgage market does have risks
Mortgage market keeps going strong, suggest statistics
Strong mortgage market - will bank resist interest rates increase
Is a slowdown in the mortgage market certain
Mortgage market shows slow, steady recovery
Buy-to-let mortgage market changing, experts say
Knowledge of mortgage market increasing
Mortgage market still growing, research shows
Mortgage market in summer slowdown, study shows
Rics economist predicts mortgage market improvement
Newcastle sets out to help first-time buyers
Change in first-time buyers attributed to new mortgage products
New tracker deal for first-time buyers
Fewer first-time buyers opt for interest-only mortgages, study shows
First-time buyers already burdened by debt, suggests report
Competition on increase for first-time buyers
HSBC creates advice centre for first-time buyers
Fifty-year mortgages could become a reality for first-time buyers
Return of the first-time buyers, state experts
Many first-time buyers can't find a mortgage, study shows
First-time buyers consider abstaining from alcohol, mortgage lender reports
First-time buyers urged to be aware of mortgage market
Improved mortgage and loan deal for first-time buyers
Affordability to remain poor for first-time buyers
Mortgages direct forecast first-time buyer problems
50-year mortgages for first-time buyers
First-time buyers need help, says mortgage lender
First-time buyers stuck until Olympics, says CIS
Long-haul mortgage deposit for first-time buyers
Fixed mortgages better for first-time buyers, expert says
Scottish Widows aims to help first-time buyers
First-time buyers warned over insurance
Buy-to-let mortgage market not deterring first-time buyers, says expert
First-time buyers still paying stamp duty
First-time buyers increasingly rely on parents' money
Inflation for first-time buyers rising, study shows
Fixed-rate mortgages attract first-time buyers
First-time buyers opt for shared mortgage, study shows
Potential first-time buyers caught in a trap
More first-time buyers paying stamp duty, figures show
New Britannia mortgage for first-time buyers
First-time buyers may head overseas to fund mortgage aspirations
Mortgages for first-time buyers falling
First-time buyers struggle with higher lending charges, says mortgage provider
First-time buyers need greater flexibility, says CML
Mortgage affordability harder for first-time buyers, expert claims
Half of first-time buyers can't find a mortgage, study shows
Liberate first-time buyers from stamp duty, mortgage lender says
BandB launches first-time buyer mortgage
First-time buyer confusion for mortgage authority
Go for 95%, first-time buyers told
Harder for first-time buyers to find a mortgage in 2007, expert claims
Data indicates 85% of first-time buyers choose fixed-rate mortgages
First-time buyers must be helped in NI, experts say
First-time buyers taking mortgages later
Yorkshire a hotspot for first-time buyers, study shows
First-time buyers' struggles highlighted
100 per cent mortgages for student first-time buyers
First-time buyers see mortgages more important than marriage, suggests research
Expert comments on new first-time buyer mortgage
NatWest looking for first-time buyer mortgage market
Potential first-time buyers struggling, mortgage lender finds
First-time buyers making comeback
First-time buyers get advice from mortgage lender
Expense of first-time buyers Government-backed mortgages in question
NatWest launches new first-time buyer mortgage product
Innovation to help first-time buyers, expert claims
First-time buyer specialist criticises CML
Wales facing first-time buyer crisis, expert warns
First-time buyers get parental help, figures show
First-time buyers still struggling, survey says
More discussion of fifty-year mortgages for first-time buyers
First-time buyer tracker mortgage from Coventry
First-time buyers the lifeblood of mortgage industry, expert claims
New mortgage options to help first-time buyers, expert states
Britannia mortgage for first-time buyers
First-time buyers could have a happy 2006
Income multiples good news for first-time buyers, expert claims
New Abbey website for first-time buyers
50 year mortgages and first-time buyers
First-time buyers turning to houseboats
First-time buyers need £35k deposit, study shows
First-time buyers face price inflation, study shows
First-time buyers seem to shun advice
First-time buyers face big squeeze, study shows
Forces first-time buyers to receive boost
First-time buyers and 50-year mortgages
Home information packs may benefit first-time buyers, experts suggest
HomeBuy scheme to help first-time buyers, states NHF
First-time buyers six months from disaster, expert claims
First-time buyers forced to gazunder, expert claims
Mortgage group warning for first-time buyers
New CML NI director plans to aid first-time buyers
First-time buyers could benefit from interest-only, says mortgage analyst
Parental help needed to become first-time buyers, CML survey shows
Scottish first-time buyers forced out of cities, says expert
First-time buyers expect help from parents, study shows
Tough situation for first-time buyers, study shows
First-time buyers should build savings
The changing faces of first-time buyers
First-time buyers know little about the property market, suggests research
100 per cent mortgages gaining popularity amongst first-time buyers
Stamp duty a hindrance for first-time buyers, expert claims
First-time buyers adapt lifestyle to afford mortgage
Cut lending charges to help first-time buyers urges building society
Politicians aim to win over first-time buyers
Mortgage preferences of first-time buyers revealed
Cheaper fixed-rate mortgages for first-time buyers
First-time buyers want trendy flats, expert says
Further difficulties for first-time buyers, expert predicts
HLC mortgage charges an added concern for first-time buyers
First-time buyers take on second jobs
First-time buyers to struggle in 2007, expert claims
Good year for first-time buyers predicted
First-time buyers hitting mortgage desperation point
First-time buyers 'missing best offers'
Taskforce launched to help first-time buyers
Abbey relaunches mortgages for first-time buyers
First-time buyers still have debt, study shows
Halifax offers hints for first-time buyers
First-time buyers struggling with saving money, review finds
Mortgage choices for first-time buyers in UK market
First-time buyers' wages sapped by mortgages
First-time buyers facing higher costs, study shows
Foreign mortgages attractive to first-time buyers, expert claims
Fixed-rate mortgage launched for first-time buyers
First-time buyer mortgages from Abbey
| mortgages news |
|---|
| Yorkshire Building Society makes mortgage more accessible - Thu, 02 Sep 2010 |
| Lloyds TSB launches new fixed-rate mortgage - Thu, 02 Sep 2010 |
| Skipton launches new mortgage range - Wed, 01 Sep 2010 |
| More News |
Mortgage Rates by Lender 
Worried about Mortgage Repayments?
- Join our petition to Government to bail out burdened individuals, not just banks.
Free Mortgage Quote
Mortgages in Scotland
Equity Release
Switching Mortgages
Home Reversion Plans
Commercial Mortgages Arrears & CCJs?
Remortgages- Sub prime mortgages
- Arrears, CCJs
- Self certification
- Debt consolidation
Protect Your Mortgage