Is there anyway of making a UILabel wrap to the next line or do I have to use a UITextView?
What you want is to adjust your label according to the content's size.
In iOS 6, AutoLayout will work a charm, you should set the label to have numberOfLines = 0
In a non AutoLayout scenario, you will also want to make sure the frame of your UILabel is adjusted to show the content that's on the next line.
Please check out this answer and sample code for that: https://stackoverflow.com/a/8796896/662605