The mortgage lending market is slowly beginning to firm up following the general election.

Property expert Stuart Law said that there has been a noticeable improvement in bank lending over the past few months that has benefitted house buyers.

The chief executive officer of property investment advisors Assetz said there have been some improvements in homebuyer mortgages, with some buy-to-let products also benefitting from increasing confidence in the market.

"We saw that the loan-to-values continued to improve and loan interest rates continued to improve," the specialist added.

He explained that what is continuing in the market is a moderate firming up that will enable prospective buyers to take advantage of what is available to them.

The statement is backed up by the figures from the Council of Mortgage Lenders, which recently noted an increase of five per cent on the amount of money loaned to buyers between June and July 2010.

Written by Paul Governor

Looking for storage in Cardiff? Contact us free on 0800 077 3447 now.