Hopefully last year’s gross lending levels will be maintained in 2011 while rising swaps are pushing up fixed rates including NatWest’s and Scottish Widows has increased the LTV for professional mortgages


HERO OF THE WEEK is Kensington, which has launched an 85% LTV buy-to-let product as well as reducing the rental calculation from 125% to 120%. It is great news to see criteria and product innovation from a specialist lender.

VILLAINS OF THE WEEK are those politicians now calling for banks to lend more to first-time buyers as they are the same ones who were accusing the banks of being irresponsible when they were lending at high LTVs during the crisis.