Mortgage holders to see further house price hikes?

04 December 2009

Written by Simon Whittaker

Mortgage holders selling their properties - including those with buy to let home loans - are achieving prices close to asking prices because there is a lack of properties available on the market.

That is the view of MyMortgageDirect director Catherine Hearnden, who said that a limited supply of residences for sale is one of the reasons property price indexes are reporting escalating values.

Nationwide Building Society recently reported that the average home in the UK cost £162,764 in November.

This represented a 0.5 per cent rise in the typical price between October and November and continued a trend that has been noted in the second half of 2009.

Commenting on the overall market situation, Ms Hearnden stated: "I think [house prices are] going to fluctuate because there is always a slight lag on these prices anyway."

However, she warned that there could be surprises around the corner in the housing market.

Why not take a look at our best Buy to Let mortgages and make an enquiry online now.