Is it finally getting easier?

As we all know from reading and listening to the media for the last year at least, mortgage borrowing has never been harder. This has perpetuated the vicious cycle that has been an integral factor in the decline of the housing industry.

Of late, borrowers have been demanding deposits of 30% or more on properties and charging astronomical arrangment fees to add insult to injury. But are lenders finally starting to relax a little?

Recent reports show that although two-thirds of mortgage deals still require borrowers to put down a deposit of at least 25%, figures from the financial information service Moneyfacts, show a recent rise in the number of deals demanding smaller down-payments.  The total number of mortgage deals has risen by 7% in the past month, with more needing only a 15% or 20% deposit.

We’d like to know what your experiences are. Have you found that lending has relaxed, or are you still struggling to find a reasonable deal? Comment on our this blog and let us know your thoughts…