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Quick House Sale ? Mortgage Lending Market Stagnates

August 20th, 2008

It
is harder then ever to get a quick
house sale
in today’s housing market. All recent news reports
point to a major property slump, making quick house sales a thing of
the past. Research and analysis into the housing market points to a
property market that is facing a slump. The Council of Mortgage
Lenders have said that gross mortgage lending is now almost static
and that the property market is slowing down as a result of 5 per
cent rises between mid-2006 and mid-2007.

It
is also expected that buy-to-let investors will also start to have an
impact on the housing market when they start bailing out as the
interest rate rises hit all mortgages because of the banking crisis.
Many mortgage experts and analysts are predicting a property cash

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