Whilst I have been away for a week in the deepest recesses of Longleat Forest, I have been keeping up to date with the various comments by the great and good around the future of Bank Base Rates and mortgage products generally.
There are some very interesting observations to be made around some of the comments made.
The other day I caught, almost by accident, the new Apprentice type programme on BBC which I found fascinating. Fascinating because the new SirAlan is none other than the French design genius Philippe Starck – brilliant, off the wall and tremendous fun to watch. Anyway, his way of looking at things I can really relate to and it could also apply to our own ethos at Coreco.
For those that don’t know, according to Wikipedia “Philippe Starck is a French product designer and probably the best known designer in the New Design style. His designs range from spectacular interior designs to mass produced consumer goods such as toothbrushes, chairs, and even houses.”
Amongst all the conflicting news and views around at the moment, there seems to be a strong level of consistency where the large loan mortgage and property market is concerned. At the £500,000 plus level for mortgages and the £1m plus level for property, activity has been relatively strong for a while now.
It has always been the case that the top end of the market seems to move six to nine months before the rest of the market, so the question is how long it will take this time before the activity begins to trickle down to the rest of the market.
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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