Positive news about the property market and the economy is giving Britons more confidence, it has been observed.
Catherine Hearnden, director of MyMortgageDirect, explained that an increase in mortgage approvals is contributing to a greater degree of optimism about the housing sector.
Fewer jobs being lost is likely to add to this, she said, with more people feeling safe enough to plan a move - something that could provide a boost to the UK building industry.
However, Ms Hearnden added that financial institutions need to reduce the amount they are requiring for deposits if a recovery is to take place.
"I do think the lenders have got to look carefully at their loan-to-value ratio because that is going to hamper the market for a long time to come," she remarked.
The expert made the comments after British Bankers' Association figures showed an increase in both mortgage approvals and new lending last month.
