The overall economy remains "buoyant" of house prices, it has been observed.

Homeowner loans are typically based on the value of a property - meaning the higher house prices are, the more borrowing can be secured against the home.

And while Pierre Williams, head of communications for property investment firm Inside Track, concedes that valuations have risen at an "unsustainable" rate recently, he sees no reason why they should fall sharply.

"There's an awful lot of very negative sounding press coverage with regards to house prices - that's not borne out by reality," he asserts.

"We've got a growing, worsening undersupply situation; the overall economy remains buoyant. Those two factors are going to underpin prices," he adds.

In light of the lack of property for sale, many Britons may be opting to improve their own home for the time being.

Homeowner loans could unlock the increased equity held in property in order to fund such home improvements.ADNFCR-1287-ID-18340032-ADNFCR

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