Thursday, July 19, 2007
Landlord, sh*t is about to hit the fan… (2)
... and a prompt call of (in)action to the MPC: "The CML urges the Bank of England to wait before acting again on rates despite record £34.2bn June lending figure. The CML said that much of June’s record was driven by remortgaging rather than new home loans. Only two days ago, the CML said house prices could rise by the smallest amount for more than a decade in 2008. House price growth is running at 10 per cent, but the CML expects this rate to halve by the end of the year." last sentence mean "no real price inflation ahead" caveat landlords!!