In a momentus deal, Lloyds managed to place £4 Billion of HBOS Mortgages in the thawing credit markets today.

The trading in mortgage securities has been dead since August 2008 and is a vital mechanism to facilitate the availability of mortgages for the UK homeowner/buyer.

The re-opening of the credit markets should bring increased competition and a better mortgage deal for the UK homeowner and particualrly the forzen out first time buyers. 

Without this flow of money, the mortgage market would remain paralysed and todays deal is a very positive step in the right direction to create stability first, and dare I say, a step towards recovery.

Well done to the team at Lloyds for getting this away.

Your Trumpo.

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