Perspective is a wonderful thing, but it seems that in the present climate we are losing it by the bucket load.
Nobody doubts the significant issues that lenders are dealing with in terms of liquidity. Most are also happy to accept this is an issue that will last well into next year and keep a tight rein on the number of products available. It will make it more difficult to provide mortgages for those at the extremities of the market and there will be those, unfortunately, who struggle. However there are also going to be a large number of borrowers that do very well during 2008. From Martin Ellis, chief economist at HBOS to the Council of Mortgage Lenders (CML), the general feeling is that there ...
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