Lack of Stock Hinders UK Housing Market

Top lenders feel the most challenging issue for the mortgage market is the shortage in supply of existing and new-build housing.

Demand was up by 36% in January, more sellers must be encouraged into the market to prevent the housing market overheating, said the lenders.

Bank of England figures out today show that lending secured on dwellings in January 2014 is up by 36% compared to January 2013 to £17.2m, compared with £12.6m in January 2013.

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