Monty’s Mortgage Blog

Tag Archives: Economy

Positivity

By Andrew Montlake | Published: 18.02.13

It really has been an interesting start to the year, with the return of something we have not seen for all too long; positivity.

The good news is that it is not just the hopeful bleatings of brokers kidding themselves that this will be the year Rodney, or the bland PR mutterings of lenders playing the game, but something that seems much more solid. Even, and that should probably be written as EVEN! the national press have begun to join in with the release of various well written articles all sounding scarily positive.

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Posted in Best Fixed Rates, Best Mortgage Rates, Coreco, Economic Recovery, First Time Buyers, Funding For Lending, Independent Mortgage Advice, Large Loan Mortgages, Large Mortgage Loans, London Property Market, Mortgage Advice, Mortgage Broker, Mortgage Brokers in London, Mortgages, Professional Mortgage Brokers, The Economy | Also tagged , , , , , , | Leave a comment

Predictions For 2013 – Part 4 FTSE 100

By Andrew Montlake | Published: 15.01.13

FTSE 100

2012 Prediction: end the year 6,000

2012 Close: 5,897 (up 5.83%)

2013: 6,300

Always the most difficult to predict given recent volatility across the globe, we really did nearly get this bang on target.

The inability of US politicians to act sensibly meant some tense end of year drama over the infamous “Fiscal Cliff” that could have caused more than a bit of trouble for their economy and the ramifications that would bring elsewhere.

However, a last minute “deal” seemed to stop the “Thelma & Louise” moment and helped the FTSE to ease through the 6,000 barrier a couple of days later than our prediction.

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Posted in Coreco, Credit Crunch, Economic Recovery, Funding For Lending, Inflation, Interest Rates, Mortgage Brokers in London, Property, The Economy | Also tagged , , , , , | Leave a comment

Predictions For 2013 – Part 2 UK Bank Base Rate

By Andrew Montlake | Published: 11.01.13

UK Base Rate

2012 Prediction: end 2012 at 0.5% – 0.75%

2012 Actual: 0.5%

2013: 0.5%

As last year, this should be the easiest prediction to make as economically at least, the UK and the rest of the world seems to still be in a bit of a muddle. Euro issues seem to have died down, but mainly because most people just got bored of them and they could rear up again at any time. The UK’s treasured AAA rating is still under threat and business leaders are starting to lose a little faith in our Chancellor.

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Posted in Bank Base Rate, Best Mortgage Rates, Coreco, Funding For Lending, Interest Rates, Large Mortgage Loans, LIBOR, LIBOR Rates, London, Mortgage Blog, Mortgage Brokers in London, The Economy | Also tagged , , , , , , , | Leave a comment

Predictions For 2013 – Part 1 House Prices

By Andrew Montlake | Published: 11.01.13

By any standards 2012 really was an extraordinary year.

Whilst the UK basked in the sunshine and glory of a myriad of sporting successes, the mortgage and property markets stuttered after a promising start. We have seen the demise of interest only, lenders introducing a raft of underwriting criteria designed to reduce business, a double dip, stamp-duty clobbering properties over £2m, banking institutions lurching from one controversial episode to another with LIBOR rigging, Mexican drug cartels and a Government who have made more policy U-turns than a twisty-turny thingy.

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Posted in Buying a property, Coreco, Economic Recovery, First Time Buyers, Funding For Lending, House Prices, Housing Strategy, Independent Mortgage Advice, London House Prices, London Property Market, Mortgage Blog, Mortgage Brokers in London, Property, Property Market, Property Prices, The Economy | Also tagged , , , , , , , , | 2 Comments

A Matter Of Trust

By Andrew Montlake | Published: 09.07.12

Trust is a fickle thing. It was not too long ago that the local bank was the bastion of British trust, a place where respected bank managers offered a tough but fair assessment of your finances and did not miss a trick in protecting the family fortune, however large or small. Well, that was the perception at least.

How times change. A cursory glance at the press this weekend and you would be forgiven in thinking that most banking leaders are direct descendents of Beelzebub and their employees little more than servants of all manner of ills.

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Posted in Bank Bonuses, Bankers, Coreco, Credit Crunch, Independent Mortgage Advice, Interest Rates, Large Mortgage Loans, LIBOR, LIBOR Rates, London, London Property Market, Mortgage Blog, Mortgage Brokers in London, Mortgage Market, Professional Mortgage Brokers, Regulation, SWAP Rates, The Economy | Also tagged , , , , , , , , , , , | Leave a comment

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  • Andrew MontlakeAndrew 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.

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