I believe that it will be easier to find a loan in 12 months time than it is now.

The problem has been that lenders have been too risk averse due to problems with lending following the collapse of a few Banks and other lenders.

Once confidence is fully established lending will dramatically rise.

So I believe that lending will rise in the next 12 months.

I agree with @bestpay that it will be easier in 12 months time, though it won't be anything like as easy as it used to be before the economic crisis hit.

Reasons it'll most likely be easier...

- Banks have been needing to rebuild their assets, and have needed to avoid risk. Now that they're stronger, they can be less cautious about who they lend to than in the last year.

- They will rightly see the potential borrowers prospects as healthier. If you'd borrowed to buy a house in the last year, the risk of the house price falling and reducing its collateral value was pretty high. The risk that you might lose your job and be unable to keep up payments was pretty high too. Such risks are falling now.

Of course, these things aren't that easy to predict. For example if politics meant that the stimulus had to be cut back prematurely, there might be another dip in the economy, and lenders could become more cautious again. My guess is that won't happen, but no one can be sure.