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Mortgage Market To Face Challenges Beyond 2010

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Mortgage market to face challenges beyond 2010, warns Moody's
Emma Rowley, 12:02, Thursday 15 July 2010
Britain's mortgage lenders will continue to suffer amid uncertainty over house prices, interest rates and unemployment, credit experts have warned.
Banks and building societies also face ever more stringent capital and liquidity requirements which could further hit their ability to increase lending, Moody's Investor Service said.
The scarcity of wholesale funding will keep squeezing margins for many, further putting pressure on them to scale back on loans in 2010 and beyond, according to the credit agency.
In addition, arrears on home mortgages have so far been cushioned by very low interest rates and a relatively moderate rise in unemployment, but a rise in either rates or joblessness forecast by many would have a "significant impact" on loan performances.

The housing bubble is facing inevitable collapse in line with the rest of the world where similar bubbles have already burst. The miracle economy based on HPI is in its last days.

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  • 399 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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