Now Lenders Cannot Even Forecast House Prices

Summary


HOUSING market uncertainty may force the Council of Mortgage Lenders to scrap its influential annual house-price forecast, the industry body admitted last night.

The CML, which represents 98 per cent of mortgage lending in the UK, is currently finalising its predictions for key areas of the housing market, including repossessions, lending levels and transactions.

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Extract


Now Lenders Cannot Even Forecast House Prices

It was due to publish the results within the next two weeks.

But now it has admitted it is considering abandon...

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