Is the housing market improving?

There are without doubt more mortgage products available in the residential housing market today. This may have contributed to the small increase in house prices over the last 3 months as reported by the Halifax & Nationwide.

As bridging lenders products tend to follow the mortgage market any changes from their perspective can be a forward indicator. We note the following news from the bridging loan market:-

1. A recent broker survey noted an upward trend for bridging loans.
2. One of our funders has expressed an interest in financing small, niche property development projects.
3. Another lender has recently raised £75m of capital for new lending.
4. Finally, one lender has reported a 100% increase in actual lending over recent months.

There is obviously a long way to go before the inevitable recovery, but maybe we have reached a turning point.