Mortgage lenders raised their house price forecasts for the next two years and were told to improve their standards by the Financial Services Authority at their annual general meeting on Tuesday. Following the second-half recovery in the housing market the Council of Mortgage Lenders now predicts modest rises in property prices. Having earlier forecast house prices would be flat from 2205-2007 the CML says it expects the property market will rise by 4 percent this year, followed by 2 percent rises in each of the next two years.