Monty’s Mortgage Blog

Tag Archives: Mortgage Market

Weekly Mortgage Market Update

By Andrew Montlake | Published: 03.05.11

Not much to report after a slow news week driven by two long bank holidays; apparently a celebrity couple got hitched and some bloke got knocked off by the Americans but I think that was it.

First-Time buyers have been in the news as ever with further reports of the difficulties faced with getting onto the property ladder. In fact, as our own research suggests, the average deposit now stands at £54,923 and a whopping £138,624 in London, property ownership  may seem to be becoming the preserve of the “haves” rather than the “have nots”.

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Posted in Bank Base Rate, Best Mortgage Rates, Coreco, First Time Buyers, Independent Mortgage Advice, Large Mortgage Loans, Mortgage Brokers in London, Mortgage Market | Also tagged , , , , , | Leave a comment

Rate Rise Expectations Swing

By Andrew Montlake | Published: 07.04.11

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.

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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 , , , , , , | Leave a comment

Another One Bites The Dust

By Andrew Montlake | Published: 21.03.11

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.

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Posted in Coreco, Credit Crunch, Dual Pricing, Independent Mortgage Advice, Large Mortgage Loans, Mortgage Blog, Mortgage Brokers in London, Mortgage Lenders | Also tagged , , , , , , , , | Leave a comment

Large Mortgage Loans & Bankers Bonuses

By Andrew Montlake | Published: 14.02.11

This week we shall undoubtedly see the thorny subject of bankers bonuses raising its head again, especially as Barclays are due to be the first bank to reveal its bonus figures on Tuesday. Whilst this is a cue for Vince Cable to stomp down the well-trodden warpath, the property market is usually a beneficiary of this.

Already this year we have seen the number of enquiries for large mortgage loans on £1m plus properties increase dramatically as many traditionally cash-buyers look to take advantage of low mortgage rates and property prices that in a few years time will look like a very good deal as the economy improves.

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Posted in Bank Bonuses, Best Fixed Rates, Best Mortgage Rates, Coreco, Large Mortgage Loans, Mortgage Brokers in London, The Economy | Also tagged , , , , , , , , | Leave a comment

2011 – The Year To Buy Property?

By Andrew Montlake | Published: 06.01.11

As we move into another year, the same questions appear to be forming on everyone’s lips. Will 2011 finally see the end of the current turmoil we have been in since the start of the credit crises several years ago? Will we see sustained and meaningful growth in the economy and is 2011 going to be a good year to buy property?

On the face of it, if certain commentators are to be believed, the turmoil in the property market is set to run well into 2013, with low interest rates, more Quantitative Easing and a fall in property prices of at least 20%. However, this is not a view that I subscribe to for several reasons.

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Posted in Bank Base Rate, Best Fixed Rates, Best Mortgage Rates, Coreco, Economic Recovery, First Time Buyers, Independent Mortgage Advice, Large Mortgage Loans, Mortgage Brokers in London | Also tagged , , , , , , , | 1 Comment