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Monty's Mortgage Blog

Stamp Duty Has Changed! Autumn Statement Special

03rd December 2014

After years of “will they, won’t they” rumours and much lobbying from the property industry, finally we have something to talk about as far as Stamp Duty is concerned. This afternoon the Chancellor announced a complete overhaul of a tax he described as “one of our worst designed and most damaging of all taxes”. So […]

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Working On A Contract Basis? New Mortgage Products Abound!

14th November 2014

At Coreco, we are always trying to push the envelope and work closely with our lending partners to offer schemes and products that really assist our clients. Over the past few months we have had more requests than ever for assistance from prospective buyers who are working on a contract basis, whether with a city […]

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New Podcast – Specialist Lending, Buy To Let and Innovation

12th November 2014

Welcome to the latest edition of Coreco’s very own Property Podcast, London Calling. This month we are looking at the Specialist and Buy To Let worlds which are often homes for some of the more weird and wonderful borrowing requirements that many of our clients have. It is a space that has come alive again […]

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Celebrate National Freelancers Day!

12th November 2014

On 19th November, Coreco are proud to be supporting the UK’s 6th National Freelancers Day in association with The Association of Independent Professionals and the Self-Employed, (IPSE). With the make-up of the UK’s workplace changing, the number of freelancers is growing rapidly and forms an important part of the country’s work force. Amongst some of […]

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Offset Mortgages – What Are They?

28th October 2014

The offset mortgage has always been something of an enigma in the UK after being heralded on their first appearance as the future of mortgages, however they have not taken off here in the same way they did in Australia for example. Part of the reason initially lay behind the fact that advisers and lenders […]

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Mortgage Lending Shows Slight Drop As Market Hits Plateau – CML

21st October 2014

The Council of Mortgage Lenders estimates that gross mortgage lending reached £17.8 billion in September. This is 1% lower than August (£18 billion), but 10% higher than September last year (£16.2 billion). Gross mortgage lending for the third quarter of this year was therefore an estimated £55.5 billion. This represents an 8% increase from the […]

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Stamp Duty Reform – Scotland Leads The Way?

20th October 2014

Having spent 20 years on the front line of the Mortgage and Property Industry, the one item that keeps coming back year after year at budget time is the question of Stamp Duty Reform. The main issue has always been not that it is paid at all, but that the way it is calculated in […]

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Interest Rates – Lower for Longer?

17th October 2014

In an important speech from Andrew Haldane, the Chief Economist of the Bank of England stated that “interest rates could remain lower for longer, certainly than I had expected three months ago.” Citing “weaker global growth, low wage growth and financial and political risks” which could affect the UK economy, these latest comments seem to […]

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Mortgage Market Update – Rate War Accelerates

13th October 2014

The mortgage rate war that started over the quieter summer months has shown no signs of abating just yet, in fact if anything, it seems to be accelerating as lenders get themselves in a bit of a lather chasing business. This has been exacerbated by recent falls in Swap Rates, with the cost of 5 […]

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Bank of England – Mortgage Availability To Bounce Back

07th October 2014

Today the Bank of England released their latest quarterly survey of lenders which showed that Mortgage Lending in the 3rd quarter of the year slowed markedly. In fact, lenders reported the largest fall in the supply of credit since Lehman Brothers collapse in 2008. It is no real surprise that availability and demand in mortgage finance […]

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Andrew Montlake

About Monty

Andrew Montlake, Director and Spokesperson for Coreco, gives his honest and forthright views on the mortgage market, economy and all things property related. Monty was voted "Mortgage Personality of the year 2008", "Best Press Spokesperson" in 2011 and is the current holder of the British Mortgage Awards “Best Marketeer” title. Expect expert analysis, delivered in a down to earth style with a side helping of exuberance.