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 | Also tagged BBC, Best Mortgage Rates, Coreco, Council of Mortgage Lenders, 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 | Also tagged Best Mortgage Rates, Coreco, Credit Crunch, European Union, Large Mortgage Loans, Mortgage Lending, Mortgage Market, Property Market, Property Prices, The Economy |
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 | Also tagged Best Mortgage Rates, Coreco, Housing Market, Large Mortgage Loans, Mortgage Broker in London |
Whilst the Bank of England’s’ Monetary Policy Committee, (MPC) has decided to keep Base Rate on hold at the historic low, the endless and sometimes tortuous debates around “to rise or not to rise” seem to be conducted in an ever-increasing cacophony of sound.
Among the many voices trying to shout out different things at once, recent reports that the UK economy has been “running out of steam” seem to have done enough in the short term at least, to convince the MPC to hold their nerve.
Posted in Bank Base Rate, Best Fixed Rates, Best Mortgage Rates, Coreco, Independent Mortgage Advice, Large Mortgage Loans, Mortgage Blog, Mortgage Brokers in London, The Economy, mortgage products | Also tagged Bank of England Base Rate, Best Mortgage Rates, Coreco, Mortgage Broker in London, Mortgage Market, Mortgage Rates, The Economy |
It is a sad day as another well known brand, C&G, takes a quick bow and scuttles off into the shadows, at least where intermediaries are concerned. As someone who started using C&G in the days before they paid a proc fee and who has their mortgage with them it is a double shame.
However, before we all get carried away on a sentimental journey let’s be honest, it was always going to happen, probably before the ink was even dry on the Lloyds / HBOS deal.
Posted in Coreco, Credit Crunch, Dual Pricing, Independent Mortgage Advice, Large Mortgage Loans, Mortgage Blog, Mortgage Brokers in London, Mortgage Lenders | Also tagged C&G, Coreco, Credit Crunch, Large Mortgage Loans, Lenders, Lloyds Banking Group, Mortgage Broker in London, Mortgage Market, The Economy |
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.
