A drop in the number of houses on the market and a rise in the use of offset and lifetime mortgages are some of the developments speakers on IFAonline TV expect to see in the near future.
Speaking on the latest edition of IFAonline.tv – entitled the Great Homeowner Debate – Nick Baxter, managing director of Mortgage Promotions, raises concerns the cost of home information packs (Hips) will lead to only very serious sellers putting their properties on the market. As a result, he believes the number of houses on the market will decline and suggests the ensuing supply shortage will lead to further increases in house prices. Likewise, Ray Boulger, senior technical manager at Charcol, believes Hips will make the selling of houses slower as consumers will have to wait two week...
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