Last week was a mish-mash of contrasting news headlines that look like continuing into this week. Whilst events in the Middle East and talk of an oil crises overshadows much of the news, the revelation that the UK economy actually performed even worse than first thought in the last quarter may delay the impending rate rise by one month, at least until the next quarters figures are released.
I’m still betting on a rise by May and happy to take wagers!
This week we shall undoubtedly see the thorny subject of bankers bonuses raising its head again, especially as Barclays are due to be the first bank to reveal its bonus figures on Tuesday. Whilst this is a cue for Vince Cable to stomp down the well-trodden warpath, the property market is usually a beneficiary of this.
Already this year we have seen the number of enquiries for large mortgage loans on £1m plus properties increase dramatically as many traditionally cash-buyers look to take advantage of low mortgage rates and property prices that in a few years time will look like a very good deal as the economy improves.
So the silly season seems to have crept up on us and all of a sudden another year has almost flown by. It’s been a funny old year really, tough for most, with a lot of anger and frustration directed at our “leaders”. The Iraq War enquiry is in full swing, strike news abounds, war has been declared on everyone from MP’s and bankers to company directors, (see BA and Consignia for further details), and especially dear old Simon Cowell.
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.A fee of up to 1% of the mortgage amount may be charged depending on individual circumstances. A typical fee is £495.
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Coreco Group Limited is an appointed representative of the following companies which are authorised and regulated by the Financial Services Authority for advising on and arranging the following: Mortgage Advice Bureau Limited for mortgages, Mortgage Advice Bureau (Derby) Limited for insurance.
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