There has been a lot of influence in the property market, with house purchase lending 50% higher over the past month of September 2013.
It poses to raise questions as to what the needle mover was, that influenced this move by the Bank of England which has now started to breathe some life back into the UK property market.
With mortgage rates becoming more favourable, lenders can begin to step up and compete.
Further to this, there are strong indicators that the increase in lending is not just for situations where large deposits are required, this has become evident with products that only require deposits of 5%, 10% and 15%.
This signals an opportunity for first-time buyers to look for the opportunity to get onto the property ladder as rent is becoming even more expensive.