UK mortgage market slowing but fundamentals sound

The frentic U.K. mortgage market is showing signs of slowing, especially in areas such as buy-to-let, but the fundamentals remain sound, according to specialty mortgage bank Kensington PLC.

House price demand isn´t expected to be as strong in 2003 as in the previous three years - which have seen house prices rise more than 15% in some parts of the country - but there shouldn´t be a dramatic decline, or correction, the bank´s chief executive said.

(source: Kensington)

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