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.
