In May 2012 we reported investors were still steering clear of mortgage backed securities thus signalling a continued squeeze on mortgage finance going forwards. With the Bank of England encouraging Lenders to tighten up on LTV and LTI requirements the squeeze has, if anything got a whole lot worse. Speaking in Barcelona on 17thJune the BoE’s David Rule highlighted the need for non-bank finance to be made more readily available to the housing market. The answer lies in creating a bench mark standard for securitisation so the strength of underlying assets can be judged effectively. With the US Fed and the European Central Bank also looking into this topic there is at last a prospect that the mortgage market will become less dependent upon mainstream lenders such as Banks and Building Societies.