If ever there was a stark reminder needed that the times we are still going through tough times, then the issues that face the Co-op have served as a sharp slap-in-the-face dose of reality. Whilst a rescue plan to tackle their, not insignificant, £1.5 billion hole does not involve tax payers it shows just how far there is still to go before we can all wear our “I lived through the credit crunch” T-shirts.
Although this may serve as a sobering base, confidence overall is still on the up. House price rises, mortgage activity increases and rates incredibly falling even lower have kept those of us who are more optimistic for the year as a whole smiling a little less nervously than last year.
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.
