The banks are starting to lend again, which is great news for those looking to invest in property. However, new proposals to prevent irresponsible lending from the Basel Committee on Banking Supervision mean that the cost of buying property on a high loan to value rate will be more expensive.

First time buyers tend to have a smaller deposit and less fluidity in their finances. These proposals could well hamper the population’s ability to buy their home. With the Buy-to-Let market still uncertain now that there is a new 3% SDLT hike the results of these new recommendations are uncertain. Let’s hope it does not result in a stalling property market which is still finding its feet.