Commenting on the forecast alex bannister, nationwide's group economist, said. Record homeloans: the resurgence in property prices has pushed mortgage borrowing to a new record want to know more? Agents disputed forecasts that a 30% correction was likely but expected prices to drift lower during the autumn. Uk annual house price inflation rate rose from 7. 8. Our forecast for 2003 is based on sentiment and expectations being neutral and that the slight worsening in the economy will result in house price inflation of 10%. Base lending rates. The bba and the cml both said that mortgage and unsecured personal lending had resumed rising in june. Billion, representing 71, 500 mortgages, in june.

Figures released today by the council of mortgage lenders showed the 0. 25. Experts have predicted that mounting inflation and an upturn in the economy will lead to anothe rate rise before the end of the year. In 2003 we achieved all of our strategic targets and delivered a strong set of results, " said mr pym. Confidence is also likely to be eroded when interest rates start rising mid- way through 2003.