What are the chances that in the coming weeks we are we likely to see more mortgage products being made available?

It has recently been reported in The Financial Times that banks are now displaying a renewed appetite for lending”. As a result banks are now beginning to ease criteria, making more products will be available, including to those with smaller deposits. Up until now the only competitive rates were available for those with a 25% deposit. Certainly wouldn’t include a typical first time buyer!

The recent injection of cash from the government has assisted significantly in that more funds have now been made available for lending.  In addition there are now a number of reports that the property market is stabilising. There isn’t talk of price rises; but a numbers of reports now suggest the fall is easing.

Is good news around the corner?

This entry was posted on Tuesday, April 14th, 2009 at 9:17 am and is filed under finance general, mortgages. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.