mortgageStability In The UK Housing Market...

Housebuilder's Taylor Wimpey have seen a demand for new houses rise by almost 75% since the start of the year leading to suggestions of stability within the UK housing market. Their order book has risen from £971 million, up from £562 million at the start of 2009.

Not all is positive though, Taylor Wimpey has predicted mortgage lending to fall over the coming summer months. This prediction was backed up by figures released by the Council of Mortgage Lenders who yesterday reported mortgage lending to have fallen by 0.6% in the month of May 2009.

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