I love the idea that mortgages are becoming more accessible in the UK.... who are you kidding??... ha ha ha. Do you read the news papers?? Banks like HBOS are struggling to raise any cash at all at a suitable duration to write mortgages and all of the recent BoE surveys tell you they are still tightening lending criteria. The Bank of England will withdraw the Special liquidity scheme in a few weeks time and have not announced what the erplacement will look like yet.... but it will almost certainly be more expensive for the banks.... thinks have rarely looked worse not better!!
Just because you have a BTL investment and want to hope for the best does not detract from the fact that we are in the biggest financial crisis for a generation..... to say that banks are loosening their lending criteria and making more mortgages available is laughable... try coming and living on planet earth.
