We have it on good authority that 92% lending is going to come back to the market in a big fashion in 2013. This doesn’t mean people will qualify, but it does mean that lenders are actively seeing that there is sufficient margin and value in property lending.
Some banks have maintained this stance, others (like Haven, KBC etc.) have peared back their LTV as a way of reducing their lending offering. So competition will be (for creditworthy applicants) based on both LTV and pricing rather than just the former which has been a hallmark of the mortgage market for the last two years.