03-05-2010
House price forecasts show continued rise
The Centre for Economics and Business Research (cebr) said a combination of low mortgage rates and a shortage of new homes being built would push up house prices by 5.3% during the year to average £172,500.
It then expects lower price growth of 3.4% during 2011, followed by a strong rise of 9% in 2012.
Source; Daily Telegraph 03-05-2010
"On the back of the recent Nationwides Building Society's report that house prices have risen by 10.5% in the last 12 months this forecast, especially the point about lack of housing, supports the view that peoples homes are not only recovering but could be continue to increase in value. This is especially reassuring for people considering roll up lifetime mortgages" says Keith Hargraves Principal of The Equity Release Centre.
The Equity Release Centre - expert advisers on lifetime mortgages.
"Equity release" refers to home reversions plans and lifetime mortgages. To understand the features and risks ask for a personalised illustration.
For researching and arranging a scheme for you we will charge a fee on completion, usually 1.5% of the amount released or facility arranged, with a minimum of £795.