House Price Falls

Article in Daily Mail Wednesday 7 November 2007 Page 2 predicts 'half the country' to be hit by price falls over the next 18 months.

It is true that mortgage lenders really are tightening thier belts and criteria - within the mortgage broker industry we are seeing and or saying that any deal or application over 75% LTV is scrutinsed far more fully than ever was the case.

Experian predicts falls from 3.7% East Midlands to only .4% in the South East but we at MyCbi and indeed www.housepricecrash.co.uk feel it might well be substantially more even though the crash of 89 only reversed 13% from peak to trough, not a huge amount one might think but boy did it go on, and on, and on for ages!