This week’s announcement from the government (which includes a £50bn guarantee scheme) has been created to 'accelerate a resumption' of lending. I suppose the important points to note from this proposed scheme are that this is focused on new mortgages (which will leave remortgages out in the cold) and that the likely roll out of the scheme will not help the smaller specialist lenders.

Still, any increase in lending will be welcome. In fact the pattern we've found at Resident Broker is that clients who have one or two mortgages are in the main still sailing through the credit score, however most property investors are struggling.