So the much anticipated and dreaded Spending Review has been and gone, finally laying bare the details of the cuts that will no doubt cause some people to take up placards the length and breadth of the country.
Whilst this does have an undoubted effect on many, the question for all of us in the mortgage industry is, perhaps selfishly, does it really make any difference?
Of course it makes a difference to many of our clients, especially those who work in the public sector and are now staring down the barrel of scattergun job losses, and to some who may think twice about up-scaling their property whilst things are tight. But the reality for our industry could be seen as somewhat different.
Andrew Montlake, Communications Director at Coreco and ‘Mortgage Personality of the Year 2008’, gives his views — honest and no holds barred — on the latest developments within the mortgage and property markets.
