Lloyds predicts house prices will fall by 8% next year

Lenders clamp down on buy-to-let borrowing

Lloyds Banking Group has forecast that UK house prices may fall by 7.9% next year and in a worst-case scenario could drop by almost 18%. The lender said higher interest rates and the current economic outlook were likely to lead to a slowdown in mortgage lending over the next year.

The lender has also forecast that commercial property prices may drop by 15% or 36% in the worst case.

Source: The Telegraph

Wattsford Commercial Finance are working with clients to withstand future potential property stresses. For details on our range of  Buy to Let Mortgages and Commercial Mortgages, please get in touch.

Information correct on date of publication

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