Remember you that the crisis of 2007-2008 began in US due to the high level of unsolvency of the customer’s mortages that carry on bank and fund like Freddie mac to became illiquid hedging liabilities ; just few years later SEC & ECB will impose the new level of TIER1 assets cash. Nowadays this situation can’t happen because the UK credit system live a completly different situation :
1) Banks and Funds doen’t keeping the same level of risk’s mortages unsolvency from their customers; Just normal volatility due to the Brexit but in few months it will go to thin out.
2) Banks and Funds are under control of BOE about their assets tier1
3) BOE will keep for long time time the prime rate low level (ranging 1%-2%) and libor still will mouve the same so the mortgages cost will always be cheaper and customers will be able to pay the monthly installment of the loan.
3) Estate market as you wrote in the article will continue to grow and for my opinion until 2025
4) But the real trouble are: it will increase the power purchase of uk citiziens and which will be the monthly sallary’ s average until 2020? Remember that 60% of uk live in the tenancy because can’t permits the house owned.