UCB: 85% say house price growth will continue

Those looking to secure a niche mortgage are being alerted to news that 85 per cent of brokers believe house prices in will continue to grow in the next year.

According to UCB Home Loans, the majority expect house prices to grow, but at a slower rate than previously seen.

It is also believed that particular areas of lending have not been affected by the two interest rate rises this year, with 60 per cent of brokers stating that the buy-let market had not seen a change.

A total of 85 per cent believed the self-certification sector had not been affected so far, while one-third said that business in this area of lending had risen in the past four months.

However, the main findings of UCB’s research discovered that 43 per cent of brokers think house prices will rise at a slower rate, while a faster rate is expected by 17 per cent.

UCB Home Loans is part of Nationwide Building Society and offers a range of specialist mortgages for UK customers.

© Adfero Ltd

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