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Monty's Mortgage Blog

Mortgage Market Update

28th August 2014 - 0 Comments.

A cursory glance out of the window this weekend shows that summer is most definitely over and it is back to school with a bang! Although it is raining outside, there seems no danger of the lenders summer sizzlers fizzling out anytime soon and a whole raft of new cuts to lenders mortgage rates has […]

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Self-Employed, Contractors and the Mortgage Market Review

14th August 2014 - 0 Comments.

There has been much written in recent weeks about the Mortgage Market Review, (MMR) and what effect it is having on those looking to take out a simple mortgage. Many of us have heard horror stories of clients having to attend seemingly endless interviews at their banks, to tales of draconian budget planners where haircuts, […]

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Mortgage Lending On The Up

04th August 2014 - 0 Comments.

The Council of Mortgage Lenders have provided us all with an upbeat review by upping their forecast for mortgage transactions this year. For the first time since 2008 they now believe that gross mortgage lending will pass the £200 billion level with transactions up to 1.23 million. So despite many of the issues created by […]

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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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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.