Ever since the issues first engulfed our industry 4 years ago I seem to be fed up of saying, “wow, that was an extraordinary week” and last week was no exception.
It began with some positives from the previous week; UK growth was confirmed at 0.5% in the 3rd quarter of this year and the Government launched its much anticipated Housing Strategy, pulling together a range of announcements with a couple of new ones to try to stimulate growth and return some confidence back to the house building industry.
Also posted in Coreco, European Union, First Time Buyers, Housing Strategy, Independent Mortgage Advice, Large Mortgage Loans, Mortgage Blog, Mortgage Brokers in London, Regulation, The Economy | Tagged Best Mortgage Rates, Coreco, Economy, First Time Buyers, Housing Market, Housing Strategy, Large Mortgage Loans, Mortgage Broker in London, Property Market, The Economy |
Just when you thought it was safe to go back in the financial markets…!
The news headlines are screaming from this morning papers that all is not well, traders are pictured with head-in-hands alongside graphs dropping off a cliff and Mr Peston is everywhere again – sounds like a preview of Credit Crunch 2 – Revenge of the Markets?
Looking back at the blog postings that were written during the heady days of the 1st crises there are many similarities. Back then the speculation went from bank to bank until the pressure became too much and one by one banks were rescued. There was then a brief lull, some began to believe we were out of the woods and then there was Lehman’s.
Also posted in Best Mortgage Rates, Coreco, Credit Crunch, Economic Recovery, European Union, Mortgage Blog, Mortgage Finance, Mortgage Market, Politics, The Economy | Tagged Best Mortgage Rates, Coreco, Credit Crunch, Economy, European Union, Large Mortgage Loans, Mortgage Lending, Mortgage Market, Property Market, Property Prices, The Economy |
It is always interesting for me to get feedback on some of the things I write, positive or negative, and often the most interesting part of any article is not the article itself, but the comments section. This comments section is a fantastic development that enables everyone to have their say and allows the writer or contributor to gauge opinion and sometimes some very valuable pointers for the future.
Of course there are also the rants, usually from anonymous individuals who can’t spell, that don’t really help anyone, but sometimes there is a point that needs clarification, as now.
Also posted in Blogging, Coreco, Mortgage Blog, Mortgage Brokers in London, Mortgage View, Property Market | Tagged Coreco, First Time Buyers, Mortgage Blog, Mortgage Broker in London, mortgage products, Property Prices |
This week is a big week for both the Governments Economic Policy and the Bank of England.
Whilst Cameron & Clegg large it up in Davos, (nice Swiss Ski Resort), meeting top bankers and world leaders to discuss growth, lending and bonuses at the World Economic Forum, the latest GDP figures on the UK’s economic growth are released tomorrow followed by Bank of England Governor Mervyn Kings’ first speech of the year.
In the meantime there is a new Shadow Chancellor waiting in the wings keener to attack than Karen Brady smiling smugly at Football “pundits” Keys and Gray with that “I told you so” look on her face.
Also posted in Best Mortgage Rates, Coreco, Davos, Independent Mortgage Advice, Large Mortgage Loans, Monetary Policy Committee, Mortgage Brokers in London, Property Market | Tagged Bank of England Base Rate, Coreco, Housing Market, Large Mortgage Loans, Mortgage Broker in London, mortgage products, Property Market, Property Prices, The Economy |
This morning my 4 am alarm call pervaded my fitful slumbers to remind me that something was happening today that could potentially be rather important. As I travelled to the BBC for the second time in a week, this time for BBC Radio 5 Live’s Wake Up To Money, I reflected on the subject in hand – today’s meeting between Grant Shapps, Housing Minister and Hector Sants, Chief Executive of the FSA.
The discussion was of course the much publicised Mortgage Market Review, (MMR) which in many people’s eyes threatens to derail any hope of recovery in the housing market and has certainly at least got Mr Shapps all fired up and even the Prime Minister himself concerned about the economic effects of the proposed regulation.
Also posted in Coreco, Economic Recovery, FSA, First Time Buyers, Interest Only Mortgages, Large Mortgage Loans, MMR, Mortgage Brokers in London, Mortgage Market Review | Tagged BBC 5 Live, Economy, FSA, Large Mortgage Loans, Mortgage Broker in London, Mortgage Market Review, Regulation, Wake Up To Money |
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.
