Well, it had to happen at some point this week we’ve seen a number of lenders reducing their rates, which is very good news for those looking to buy or remortgage.

Lenders like The Mortgage Works, Platform, Godiva and Northern Rock have all reduced their buy to let mortgage products in the last week, and some by up to 0.5%.

The residential mortgage market is experiencing an even greater amount of competition which is fantastic news for you, and seems to reflect a greater appetite for lending and increased competition in the market. This should hopefully have a knock-on effect with the other lenders most notably BM Solutions who seem to have cornered the 75% LTV market for months now.

So, the question is have we reached the end of the mortgage ice age? And are we at the beginning of the long thaw (sorry that is an hackneyed analogy but I couldnt think of anything else!)