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Monty's Mortgage Blog

The Remortgage Surge – Is Now The Time?

12th August 2015

The latest report from the Council of Mortgage Lenders showed a few interesting things this month, not least the fact that remortgages seem to be enjoying something of a renaissance. They have found that remortgage activity increased by over a third both month-on-month and year-to-year, with 31,600 remortgage loans taking place in June. Over the […]

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Super Thursday…What Happened & When Will Rates Rise?

06th August 2015

Today the Bank of England dumped a lot of data on everyone when, for the first time, they simultaneously released the Bank of England’s MPC Base Rate decision, the Minutes of the meeting and the latest Inflation report as well as some other economic data. The results? The Bank of England Base Rate is unchanged […]

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Land Registry: House Prices Increase 5.4%

28th July 2015

Figures released today from the Land Registry show that annual house prices have increased by 5.4% to June. This means that the average  property value in England & Wales now stands at £181,619, which is higher than the previous peak in November 2007. Month on month the growth is 1.1% from May 2015. London yet […]

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UK GDP Growth For Quarter 2 at 0.7%

28th July 2015

Bang in line with expectations, we have just seen the latest  Q2 GDP figures which show that the UK economy grew by 0.7%, following on from a 0.4% growth in Q1. Services and production led the way, growing 0.7% and 1% respectively, though disappointingly construction growth was flat. These figures are 2.6% higher than the […]

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Interest Rates Will Rise, but Sooner or Later?

24th July 2015

The big story dominating the mortgage market at the moment was Governor of the Bank of England Mark Carney’s speech last week, followed up by another this week, that he sees interest rate rises getting ever closer. This was his strongest message yet that rate rises are on the cards within the next few months […]

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Where Does The Budget Leave Landlords?

24th July 2015

A cursory glance at the first purely Conservative budget for many years saw some much as expected Conservative policies, although there were some interesting stand outs, not least the revelation that Buy To Let landlords are facing changes related to the allowances and reliefs they can claim against their rental income. In essence, this means […]

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Headline Mortgage Rates – It’s Not Always About The Cheapest

24th July 2015

Although there are a bewildering array of products available once more, the current crop of low rates are still aimed at a distinct pool of borrowers who have a large deposit or equity, a perfect credit score and a steady employed income. For these, A1 borrowers, even with the new affordability rules brought in by […]

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Greece – This time it’s personal….

24th July 2015

  We asked Coreco’s Rob Gill to cast an eye over the latest events in Greece. Just what is going on? Events in Greece over the summer have fascinated and appalled in equal measure. High drama, at times even higher farce, and near or even actual tragedy for Europe and the Greek people. The incredible […]

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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.