You may recall I mentioned that I thought the crunch was beginning to recede a bit. There's more evidence of this today.
Firstly, Northern Wreck has sold a part of it's mortage book at a premium.
Second, Bank of America looks as if it going to get the bargain of the century by picking up Countrywide ( it's a bank in the States) for a song.
Thirdly, the BofE has said it will reduce the reserve fluctuation band shortly - they wouldn't do it unless they were reasonably sure it will stick.
And finally, Midshires has stared writing BTL mortgages again within the last week.
Now that really IS things getting back to normal.