Monty’s Mortgage Blog

Category Archives: Property Market

(Don’t Go) Back To Black

In anyone’s eyes the last few weeks have been an extraordinary news cycle. Phone hacking, the closure of the best selling UK paper, European crises, the carnage in Norway and of course the tragedy of Amy. Now the frightening prospect of the US defaulting on their loans, due to nothing more than political wrangling, threatening the world economy.

It’s enough to leave us all thinking that anything else is a little mundane, however it is far from it. If anything it tells us to make the most of everyday life, to worry only about the things we can control, to rejoice in the mundane and make it as fun and worthwhile as we possibly can.

Also posted in Coreco, Interest Rates, Mortgage Advice, Mortgage Brokers in London, Mortgage Protection, mortgage products | Tagged , , , , , | Leave a comment

What Is A “Mortgage TweetMeet” ?

Since engaging with the Twittersphere back in early February 2009 I have been amazed at how far it has come and the amount of people I have conversed with. True, it took me a long time to get to grips with and to understand how it can be used properly for business purposes, but a bit of perseverance is now paying off.

Of course there have been many detractors, the piss-takers and technologically inept who continue to see social media as a waste of time.

Also posted in Coreco, Credit Crunch, Economic Recovery, Independent Mortgage Advice, Mortgage Advice, Mortgage Brokers in London, Mortgage TweetMeet, Social Media, The Economy, Twitter | Tagged , , , , , , | Leave a comment

no.thanks@hah.com – Re: Lies

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, House Prices, Mortgage Blog, Mortgage Brokers in London, Mortgage View | Tagged , , , , , | Leave a comment

The Kings Speech

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, House Prices, Independent Mortgage Advice, Large Mortgage Loans, Monetary Policy Committee, Mortgage Brokers in London | Tagged , , , , , , , , | Leave a comment

House Prices & Lending To Individuals

The frustration felt by many individuals that banks still do not seem to be lending in sufficient quantities is still evident in the latest Lending To Individuals figures from the Bank of England, which explains the frustration felt by many would-be borrowers.

Just 47,643 loans were approved for house purchases and a mere 29,949 loans for remortgages meaning that both sets of figures have now dropped below their previous 6 months average.

First-time buyers have every right to feel discriminated against, as while mortgage lending has become more profitable for many lenders, it is too often targeted at those customers who are already well catered for. Lenders are continuing to walk the easy path.

Also posted in Bank of England Lending Figures, Best Mortgage Rates, Coreco, First Time Buyers, House Prices, Mortgage Brokers in London | Tagged , , , , , , | Leave a comment