As another Middle East country looks like it has undergone a regime change things in the UK seem to be quiet for once. Oil prices have fallen on the expectation that the end of the Libyan conflict could mean a return to oil production soon which should in time play through to inflationary figures.
Not that inflation is worrying the Bank of England as all 9 members of their committee that sets interest rates decided unanimously to keep rates on hold last month. This represents a small sea-change as at one stage at least 3 of the members were voting for an immediate rise, (although the main protagonist calling for rises has now left the committee of course).
Posted in Bank Base Rate, Best Fixed Rates, Best Mortgage Rates, Coreco, Independent Mortgage Advice, Inflation, Large Mortgage Loans, Mortgage Brokers in London, The Economy | Tagged Bank of England Base Rate, Best Mortgage Rates, Coreco, Economy, Inflation, Monetary Policy Committee, Mortgage Broker in London, Oil Prices, Stagflation |
First-Time Buyers have been in the news this week with a report from the Council of Mortgage Lenders, (CML), stating that last month saw a 10 month high in the numbers of first timers purchasing, although still down from this time last year.
This was contradicted by a Rightmove report that stated that First-Time numbers were dropping seriously, with only 23% of those looking to buy in the next 12 months being first timers, whilst 7 out of the 11 UK regions now in “first-time buyer blackspot” territory. The exception was of course London, which was still holding up.
Posted in Best Mortgage Rates, Coreco, First Time Buyers, Large Mortgage Loans, Mortgage Blog, Mortgage Brokers in London, Mortgage Rates | Tagged BBC, Best Mortgage Rates, Coreco, Council of Mortgage Lenders, Economy, High Loan-To-Value Mortgages, Housing Market, Large Mortgage Loans, Mortgage Broker in London, Mortgage Rates, Rightmove |
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.
Posted in Best Mortgage Rates, Coreco, Credit Crunch, Economic Recovery, European Union, House Prices, 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 |
So here we are in August, already, time really does fly when you are having fun!
The good news from across the pond is that a deal has finally been done in the US to avert a crises, that, let’s be frank, would have been a disaster to everyone. Although the “right wing nutters” from the Tea Party could still do some damage the markets seem to have been calmed – for now.
Here in dear old Blighty things have been relatively boring this weekend compared to previous weeks which is somewhat of a relief. Lenders are still improving rates and we are now seeing a welcome return to the fray of the oft-forgotten regional Building Societies.
Posted in Best Fixed Rates, Building Societies, Coreco, Independent Mortgage Advice, Large Mortgage Loans, Mortgage Brokers in London, Mortgage Rates | Tagged Best Mortgage Rates, Building Societies, Coreco, Large Mortgage Loans, Mortgage Broker in London |
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.
Posted in Coreco, Interest Rates, Mortgage Advice, Mortgage Brokers in London, Mortgage Protection, Property Market, mortgage products | Tagged Best Mortgage Rates, Coreco, Economy, Housing Market, Large Mortgage Loans, Mortgage Broker in London |
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.
