House prices are expected to rise 17 per cent to an average of £254,000 by 2017 while gross mortgage lending is forecast to hit £212bn, up from £142bn this year, according to the report entitled “A New Normal in the Housing Market.”
Your home may be repossessed if you do not keep up repayments on your mortgage.
There will be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.