In the blink of an eye we are already well into 2012 now and whilst there are already some interesting things happening in the mortgage market, I suspect that there will not be much to say about changes in Bank Base Rate until the last quarter of this year at the very least.

 Ever since the issues first engulfed our industry 4 years ago I seem to be fed up of saying, “wow, that was an extraordinary week” and last week was no exception.

Another interesting week in store as Georgie boy, the Chancellor prepares to deliver his Autumn Statement tomorrow. Expect a dash of hard realism with a hint of hope that will be crushed by the media fixated on the mantra that bad news sells.

When I read that Mr Shapps, who I actually like, had made a speech within which he called for 30 year fixed rate mortgages I must admit my shoulders sagged a touch.

As another Middle East country looks like it has undergone a regime change things in the UK seem to be quiet for once. Oil prices have fallen on the expectation that the end of the Libyan conflict could mean a return to oil production soon which should in time play through to inflationary figures.

So here we are in August, already, time really does fly when you are having fun!

If you believe everything you read in the papers you would be forgiven for thinking that there is not much point in applying for a mortgage at the moment because it is all too difficult. Banks aren’t lending and those that are want blood samples and a charge over your children in order to even think about giving you a few quid.