CML: No evidence of housing boom

The recovery in the housing market is welcome but has come from a low base, it said, adding stretched household finances, regulation and expected increases in interest rates may see market activity "ease back of its own accord". Years of historically-low interest rates and take-up of the government's Help to Buy scheme, which seeks to make more home loans available to borrowers with small deposits, have fuelled concerns of a property boom. But, while the CML said its market forecasts for the next two years are positive, it does not foresee prolonged activity leading to an "unbridled" ...