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Monty's Mortgage Blog

Large Mortgages & Housing Market Bounces Back

18th May 2015

Since the election there have been a few reports about how things have started to pick up again in the wake of a decisive result, with Rightmove predicting that “supply of homes for sale will increase between 10% to 20% over the next three months”. After the last election in 2010, seller numbers rose by […]

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Housing – An Issue or a Crises?

07th May 2015

So today is polling day and I have just exercised my democratic right and put the big X in the appropriate box. Who that X was for matters not, especially in my 17,000 majority constituency), but that is not the point. It still feels good to vote. Though to be honest it was a much more […]

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Age Concern? Mortgage Lenders Need to Stop Discriminating

23rd April 2015

The whole question of age is something that has started to become more of an issue for borrowers and therefore mortgage brokers. One of the main thrusts of the Mortgage Market Review is that of assessing affordability, so for me, if a mortgage is deemed affordable whilst the borrower is employed or in retirement then […]

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Right to buy votes?

14th April 2015

In resurrecting a policy that appealed three decades ago, the Conservatives are hoping that lightening can strike twice and voters will react accordingly. However times are very different and years of selling off the very stock that needs to be replenished, often to end up in the hands of private landlords, has helped to cause […]

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Technology, The Internet & Mortgage Brokers

14th April 2015

Apart from the election, (yawn), the last few weeks has also been dominated by much talk around technology and its application in today’s world. As I sat and watched an inspiring Dimbleby lecture from the wonderful Martha Lane Fox, setting out her view of Britain’s digital future and rightly promoting the role of women in […]

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The Mansion Tax – Lib Dems Release Their Plans

13th April 2015

One of the big talking points, especially in the London Property Market, has been around the possible introduction of a Mansion Tax on properties over £2m, as proposed by the Lib Dems and seized upon by Labour. The concern over the possible detail of this has undoubtedly contributed to a slowdown in the market at […]

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Will New Pension Freedoms Feed New BTL Boom?

09th April 2015

Andrew Montlake, director at mortgage broker Coreco, comments, “I suspect there will be more than a few people who want to use their new pension freedoms and many will undoubtedly look to bricks and mortar as a way of investing this cash. “The attraction will be the fact that buyers can obtain an income and […]

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Mortgage Market Update

07th April 2015

As the election campaign gets into full swing and we look forward to the hot air and political rhetoric that goes with it, the mortgage market at least seems to be enjoying the Easter holidays with rates ticking down again. After a brief hike upwards, SWAP rates, upon which many lenders base their fixed rate […]

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CPI Inflation Hits Zero!

24th March 2015

Today saw the ONS report that the Consumer Prices Index, (CPI) Inflation fell to zero in February. It has been widely expected for a while that inflation would hit zero and even become negative in the next few months, as a fall in the costs of fuel and food pushes down prices. Whilst the Governor […]

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An Independent Banking Review for your business?

20th March 2015

Business confidence is rising, in fact UK SME’s are ahead of the global curve in this respect according to recent surveys:- Manufacturing sector at its strongest in 3 years Construction sector at a 6 year high SME’s will play a key role in driving economic growth. For the last few years businesses have been forced […]

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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.