Intermediaries leading mortgage market charge in 2020
There has been much apprehension in the UK home market as a result of the change in political leadership and the looming prospect of Brexit. Despite this concern among lenders and experts the market for home prices has been relatively stable and is expected to remain somewhat robust for the remainder of the year. The conclusion of the Help to Buy program is expected to cause a decline in prices which could affect existing homes but experts believe new construction could continue to maintain growth in value.
- Despite market shakes from the uncertainties of Brexit and elections, home prices have remained constant and grown.
- New building will continue to show growth but existing homes at most price brackets could see declines in 2020 to 2021.
- The Help to Buy program put forth by the government will conclude soon and may experts believe this will have an effect on the market.
“Last year may have seen a slight softening in gross mortgage lending, but intermediaries have continued to buck the trend. Advisers have continued to grow their market share to 76.6%, and IMLA research suggests their confidence reached a peak in Q4.”