‘UK MORTGAGES are set for a strong recovery, with a leading analyst forecasting a near 13 per cent lift in advances during the next five years.
Gross advances in the UK residential market will grow 12.89 per cent to £324 billion in 2010 from £287bn last year, according to independent analyst Datamonitor.
However, it sounded a note of caution, claiming the market would experience a couple of tough years before growth accelerated from 2008.
Lenders would also have to contend with the threat of increasing bad debts and costly regulation over the next two years.’
Read more at UK set for strong mortgage revival
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