One of the biggest factors to affect the property market is consumer confidence; the good news is that the latest Building Societies Association Property tracker shows things are looking a little better. The quarterly survey shows 21% of people do not think now is a good time to buy (down from 29% in the last quarter) while 41% think it is a good time to buy.

The big problem is that the majority find raising a deposit to be the main hurdle. Lenders are aware of this and are trying to be more innovative and forthcoming with funds. For example one lender has launched a 3.99% tracker for 90% loan to value (LTV) loans.

According to the financial information site Moneyfacts the number of 90-95% LTV mortgages is at a post-crash peak. If the rumours that talks are taking place between lenders, the Council of Mortgage Lenders, and builders are true then this may be set to improve further.

Morton Fraser does think that this is a good time to buy. If higher LTV loans make a comeback the property market will soon notice the difference.

Lenders are still cautious about lending but with a good independent mortgage adviser on your side the process will be much easier.