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Monty's Mortgage Blog

Buy To Let Mortgage Market Is Rocking

14th July 2014 - 0 Comments.

It seems that the Buy to Let market is really rocking at the moment and lenders are doing all they can not to trip over each other to lend. New products and criteria changes are making this area of lending very attractive and there are now rates available that were once only dreamed of in […]

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Mortgages For Contractors & Freelancers – It Does Not Have To Be Complex

10th July 2014 - 0 Comments.

Another guest blog from our Contractor Mortgages specialist Tom Matthews explains why mortgages for those on a contract or freelancing does not have to be so complex. So you have just started your first fixed term contract, or are perhaps considering making the switch from an employed position to a more flexible, contracting role. One […]

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The Minsky Moment

10th July 2014 - 0 Comments.

Guest blog from Coreco’s Rob Gill on how relevant Professor Minsky’s work is in identifying the mysterious “bubble”. During my 20 year career in Financial Services I’ve had the dubious honour of a front row seat to two of the biggest booms and busts in history. In my first career in Investment Banking, I worked […]

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Mortgage Approvals Fall To 11 Month Low – The End Of Pent Up Demand?

01st July 2014 - 0 Comments.

Among all the wailing and gnashing of teeth around house price rises recently, it was interesting to see that today figures showed mortgage approvals have fallen to their lowest level in 11 months, no doubt due to the tougher mortgage regulations imposed by the Mortgage Market Review. That’s right, the Mortgage Market Review that the […]

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The US Sneezes

30th June 2014 - 0 Comments.

A quick guest blog from Coreco’s Rob Gill on some interesting statistics coming out of the US last week. The US let out an almighty AAATTTCHOOOO!!! last week with some truly shocking GDP numbers. On June 25th the Bureau of Economic Analysis announced that Q1 GDP fell at an annualised rate of 2.9%. Their own […]

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Financial Policy Committee Look To Cap Mortgage Borrowing

26th June 2014 - 0 Comments.

This morning the Financial Policy Committee released their much anticipated report into the mortgage and property market and announced two main initiatives:- • A new affordability test where mortgage lenders should asses if borrowers could still afford to repay their mortgage if interest rates were three percentage points higher than at the time of the […]

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Is Capping Income Multiples On Mortgages The Future?

13th June 2014 - 0 Comments.

In the past few weeks we have seen moves by two lending giants, Lloyds Banking Group, (incorporating Halifax, Scottish Widows & Bank of Scotland) and RBS / Natwest which has seen them limit loans above £500,000 to four times income multiples. There seems to be no coincidence that the two partly state owned banks are […]

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Mortgage Market In Rude Health

10th June 2014 - 0 Comments.

This week no doubt there will be more talk about the World Cup than anything else, as the focus shifts effortlessly from house prices to football. Ignoring the guff and bluster in the press at the moment, after all the average economist has an appalling record of predicting anything correctly over the past few years, […]

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Help To Buy 2 Not Causing House Price Bubble

29th May 2014 - 0 Comments.

Today saw the publication of the latest set of figures with regards to the Help To Buy 2 scheme. Amongst other things it put a massive damper on all those who had argued that it could be fuelling a property bubble in London, no doubt much to the satisfaction of the Chancellor. These latest statistics […]

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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" and is the current holder of the British Mortgage Awards "Best Press Spokesperson" title. Expect expert analysis, delivered in a down to earth style with a side helping of exuberance.