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Monty's Mortgage Blog

100% Mortgage Returns? Barclays Upgrade Family Springboard Mortgage

04th May 2016

Barclays have today announced that their new and improved Family Springboard mortgage no longer requires the borrower to put in a 5% deposit, which in effect means that 100% of the property value can now be borrowed. To access the deal however, prospective borrowers will need parents to deposit 10% of the value of the […]

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Bank of Mum & Dad – A Top 10 Lender!

03rd May 2016

Legal & General have released an interesting report  today showing that the Bank of Mum & Dad are gifting their kids so much cash that if this was projected into lending terms they would be the equivalent of a top 10 lender! In 2016 they expect parents to lend some £5 billion to children, meaning […]

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Landlords Face First Big Change to Lender Rental Coverage Calculation

29th April 2016

The Mortgage Works have become the first big lender to change their rental calculations for landlords looking to obtain a Buy To Let mortgage as a direct consequence of upcoming tax changes. The Mortgage Works have upped their rental coverage requirement from 125% at an assumed rate of 4.99% for loans up to 65% Loan […]

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Mortgage Market Round-Up

27th April 2016

Coreco were in the press last week talking about the costs associated with the Help To Buy London Scheme and how, in essence at least, the scheme itself has started to help a number of borrowers get onto the property ladder. After all, a whopping 40% loan from the Government that is interest free for […]

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Buy To Let – Under The Microscope Again

29th March 2016

Today has seen the publication of the Prudential Regulation Authority’s, (PRA’s) proposals for lenders on how they should be underwriting Buy to Let mortgages. The Buy to Let market has been subjected to some intense scrutiny over the past few months and landlords may be forgiven for feeling a little persecuted. In essence attempting to […]

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Mortgage Market Weekly Update

14th March 2016

Coreco were in the Times this weekend talking about the Buy To Let market and how lenders have been keen to continue to lend and reduce rates in what they see as a profitable area of the market with no real added risk. As we move into budget week, much attention will be focussed on […]

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Coreco Climbers take part in Vertical Rush for Shelter

11th March 2016

On Tuesday a gutsy group from Coreco, dubbed the Coreco Climbers, took part in Vertical Rush for the charity Shelter. They scaled dizzy heights, running up 932 steps of the London skyscraper, Tower 42 all to raise money for the charity (that’s not to say it didn’t get just a little competitive). Shelter ensures that […]

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Meet Bow Terrier – Educating Borrowers On The Importance of Paperwork!

24th February 2016

A while ago we embarked on a little plan to see what the biggest hold up was where mortgage applications were concerned. Why were some applications going through smoothly and quickly whilst others seem to languish in a nether-world gathering dust? The main reason is down to making sure that all applicants have the right […]

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House Prices Rumble On Upwards

16th February 2016

The Office for National Statistics, (ONS) released their House Price data today and showed that prices have continued their inexorable rise upwards. Prices rose by 6.7% in the year to December 2015, which, although showing a slight slowdown from the previous month, was still a high figure. This was all led mainly by gains in […]

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Bow Terrier

Mortgage Guides

This is Bow, he’s a plucky little Boston Terrier and knows a thing about mortgage applications. His owner, Patrick, is one of our clients and Bow here helps with his paperwork. If there’s anything you need to know about mortgage applications or the paperwork entailed then check out our advice hub – it has everything you need!

View the mortgage guides

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.