Monty’s Mortgage Blog

Tag Archives: Bank of England Base Rate

2012: What does the future hold for the mortgage market?

By Andrew Montlake | Published: 11.01.12

In my mind 2012 was always meant to be the year when everything began to improve, after all we have the Olympics and the feel good factor from that together with a good Euro Championships would surely propel us on to bigger and better things? However, it looks as if I may have been a little lost in dreamland with that, although to be honest no-one really foresaw the issues from Credit Crunch 1 mutate into the mega-storm that threatens to break up the Euro itself.

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Posted in 2012, Bank Base Rate, Best Mortgage Rates, Coreco, Large Mortgage Loans, Mortgage Brokers in London, Mortgage Finance, Property Market, The Economy | Also tagged , , , , , , , , | Leave a comment

Does anyone really care about the base rate anymore?

By Andrew Montlake | Published: 25.11.11

Let’s face it; there is more chance of Sepp Blatter becoming the next England manager than the Bank of England changing their rate from the 0.5% low at present. But as has been the case for many a month now, the rate itself is not the real issue, it is everything else that is happening around it and boy there is a lot going on.

The Euro turmoil is starting to affect the biggest countries in the EU now, and for the first time in around a decade the UK is now able to borrow on cheaper terms than Germany. German 10 year government debt rates increased to 2.21% whilst the UK, relishing it’s new found “safe-haven” status, sits at a mere 2.16%.

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Posted in Bank Base Rate, Best Fixed Rates, Best Mortgage Rates, Coreco, Economic Recovery, European Union, GDP Figures, Large Mortgage Loans, Mortgage Brokers in London, Professional Mortgage Brokers, Remortgage | Also tagged , , , , , , , , , | Leave a comment

Bank Base Unchanged, More QE, But Are Rates About To Rise?

By Andrew Montlake | Published: 06.10.11

I want to be very clear about the question posed in the title, especially as the Bank of England Monetary Policy Committee, (MPC) obviously kept rates on hold again today and in all likelihood, look set to keep it that way for a good few months yet.

This rise in rates I am alluding to is due to two things; firstly, as the storm in the Eurozone does its best to turn itself into a full scale hurricane of a banking crisis, because quite simply the cost of funds looks set to rise and secondly, liquidity issues are once more emerging from the shadows.

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Posted in Bank Base Rate, Best Fixed Rates, Best Mortgage Rates, Coreco, Credit Crunch, Independent Mortgage Advice, Large Mortgage Loans, Mortgage Blog, Mortgage Brokers in London, Mortgage Rates, Remortgage, The Economy | Also tagged , , , , , , , , | Leave a comment

Half A Glass…

By Andrew Montlake | Published: 02.09.11

At a time when negative headlines dominate the economic landscape it is hard not to notice that consumer confidence has taken a battering in recent weeks. Talk of a double-dip recession is on many economists’ lips and whether this is caused by a struggling manufacturing sector, a European crisis that is nowhere near over or issues in the US, China or whatever, the myriad of reasons being thrown up by all and sundry has almost become unimportant to the consumer.

In truth the average consumer still feels like nothing has really changed, the technicalities of a recession are unimportant, it is how they feel and for most, things still feel tight.

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Posted in Bank Base Rate, Best Fixed Rates, Best Mortgage Rates, Building Societies, Coreco, Economic Recovery, First Time Buyers, Independent Mortgage Advice, Large Mortgage Loans, Mortgage Blog, Mortgage Brokers in London, Mortgage Market, Property Market, The Economy | Also tagged , , , , , , , , | Leave a comment

Inflation, Stagflation, Low Rate Nation…

By Andrew Montlake | Published: 22.08.11

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).

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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 | Also tagged , , , , , , , | Leave a comment