Gardening terms have been rife recently and while everyone has stopped talking about green shoots, they are looking for plants to get established and grow into something special.
We have seen a couple of nice growths of late with the introduction of new lenders and improvements in product pricing.
But the frost has killed off some of our older, established plants when you look at fast-track and interest-only.
The weathermen are predicting a harsh winter as the fruit bushes have been abundant and that’s nature’s way of ensuring wildlife survives a cold snap.
I think we need to protect some of our vulnerable green shoots this winter and going in my greenhouse will be the recovery in buy-to-let lending, the correction of dual pricing rates and higher LTV pricing.
These areas have been slowly but surely improving and I would hate for any rash decisions to be made by people sitting in ivory towers over the winter to undermine this.
Looking forward to spring, I hope 2011 will bring an end to dual pricing and a return of mortgage indemnity guarantees to kickstart the first-time buyer market.
The ultimate wish would be for the Financial Services Authority to finally grasp that fast-track lending is safe and perform a Wayne Rooney-esque U-turn and rubber stamp its survival.
I’ve got the tools to do my gardening and now all I need is the tools to do my day job. Is it too early for a letter to Santa?