Amid the up and down of the UK housing market stands the availability of funds and how many opportunities to join the property ladder really exist for young home buyers.  Over the past several years conditions have only become tougher and tougher.  Not only have lending criteria become strict, deposits for homes have become almost impossible.  This has led to fewer and fewer original loans and remortgages as well.  But recent data from the Treasury has indicated that the government-backed funding for lending scheme is going in a positive direction.

In the latest Bank of England credit conditions survey, an increase in the amount of mortgage lending is now making it possible for anyone with good credit and sufficient deposit to possibly jump on the property ladder. 

A Treasury spokesperson discussed the newly available funds in a comment, saying: "The Bank's figures today show that the number of mortgages out there for people looking to buy a home has increased significantly over the last three months, and that the Funding for Lending Scheme will help ensure that this continues in the coming months.”

The number of lenders claiming to have available funds is at a level not seen since the year 2007.

Malcolm Barr, JP Morgan economist, commented on the recent good news surrounding those in search of a move, saying: "The sharp move up in actual and expected mortgage availability will cheer the monetary policy committee, though [they] will wonder why the impact of the scheme should appear to be so asymmetric across sectors.”