According to the Bank of England, more mortages will be more readily available.

You know I like to report good news, after all we hear bad news all the time and there are plenty of doom and gloom merchants out there.

So the latest news is, Mortgage providers expect to make more loans in the next three months, offering a ray of hope to the struggling housing market.

Lenders were at their most positive in two years about the prospects for mortgage availability, which they put down to their market share targets and the improving cost and availability of their funds.

Those polled in the central bank’s quarterly survey were also more willing to lend to those with a small deposit, reporting that they have increased access to loans for buyers with deposits of less than 25pc.

However this is tempered by the fact that there has been an increase in the number of households defaulting on their mortgages payments.The first rise in two years.

Lenders are expecting the number to rise, because of the likely higher interest rates. which of course would effect many householders not on fixed rates.

If you need help on getting your mortgage fixed for the next 3-5 years, give me  a call for a chat, as there are some great deals out there.