At the very least, it’s been a great week for bold statements from politicians.

The shadow chancellor George Osbourne has said he’s going to scrap the Financial Services Authority if the Conservatives get into power and the Lib Dem treasury spokesman, Vince Cable,  is calling for the break-up of the new Lloyds Banking Group. So no messing about then, all change next year by the sounds of it.

As you can imagine, this hardly helps to add stability to the mortgage market; after all, if you ran the Lloyds Group you’d probably be looking over your shoulder for the next 18 months whilst making your lending decisions.

However, stability is something we are starting to see (generally) in the market.

Figures show mortgage lending for house purchase was up by 28% in June on the previous three months, while mortgage approvals for house purchase were 13% up in June on the previous three months.

Oh, and did I mention 3 month LIBOR is now 0.94%, which is below one per cent for the first time since it was setup in 1986? And has this had an effect on the pricing of buy to let mortgage products? In a word,NO.