Potential carpet boost as mortgage market tipped for upturn

The UK carpet sector could be set for a boost as it becomes easier to move home in 2010.

Such a development could arise as a result of an easing of the mortgage market, something predicted by technical manager of broker Mortgageforce Katie Tucker.

She said: "We've already seen loans-to-value improving, so that will get better. We will start seeing decent 90 per cent deals at an affordable level - around five per cent - from most lenders."

Ms Tucker said greater competition will arise in the year ahead and those who may have been turned down for mortgages in 2009 will be increasingly likely to get them.

This could mean more people moving home or taking their first steps on the housing ladder, which in turn could be followed by decisions to install new carpets to tailor the decor to their own tastes.

Mortgage lending has already been rising in recent months, with November figures from the British Bankers' Association showing that £3.3 billion worth of loans were agreed, up from £3.2 billion in October and above the six-month average of £2.7 billion.

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