Monty’s Mortgage Blog

Tag Archives: Property Market

2012: What does the future hold for the mortgage market?

By Andrew Montlake | Published: 11.01.12

In my mind 2012 was always meant to be the year when everything began to improve, after all we have the Olympics and the feel good factor from that together with a good Euro Championships would surely propel us on to bigger and better things? However, it looks as if I may have been a little lost in dreamland with that, although to be honest no-one really foresaw the issues from Credit Crunch 1 mutate into the mega-storm that threatens to break up the Euro itself.

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Posted in 2012, Bank Base Rate, Best Mortgage Rates, Coreco, Large Mortgage Loans, Mortgage Brokers in London, Mortgage Finance, Property Market, The Economy | Also tagged , , , , , , , , | Leave a comment

Tin Hats & Bayonets

By Andrew Montlake | Published: 05.12.11

Ever since the issues first engulfed our industry 4 years ago I seem to be fed up of saying, “wow, that was an extraordinary week” and last week was no exception.

It began with some positives from the previous week; UK growth was confirmed at 0.5% in the 3rd quarter of this year and the Government launched its much anticipated Housing Strategy, pulling together a range of announcements with a couple of new ones to try to stimulate growth and return some confidence back to the house building industry.

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Posted in Coreco, European Union, First Time Buyers, House Prices, Housing Strategy, Independent Mortgage Advice, Large Mortgage Loans, Mortgage Blog, Mortgage Brokers in London, Regulation, The Economy | Also tagged , , , , , , , , | Leave a comment

Snap Out Of It, Mr Shapps!

By Andrew Montlake | Published: 24.10.11

When I read that Mr Shapps, who I actually like, had made a speech within which he called for 30 year fixed rate mortgages I must admit my shoulders sagged a touch.

My first reaction was if that was the best idea he can come up with then we are all up the proverbial creek without a you know what. In reverting back to an oft tried and never achieved call for 30 year mortgages we suddenly saw that actually, no one in power at least, seems to really get the issues.

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Posted in Best Fixed Rates, Best Mortgage Rates, Coreco, Interest Rates, Large Mortgage Loans, Mortgage Advice, Mortgage Brokers in London, Mortgage Funding, Mortgages, Professional Mortgage Brokers, Property Market, The Economy | Also tagged , , , , , , , , , , , | Leave a comment

Stick or Let’s Twist Again

By Andrew Montlake | Published: 03.10.11

As politicians all over the world wonder how the hell they are going to get out of the mire that surrounds them, we are beginning to see options taken that are provoking a great deal of debate. The latest is the US’s Operation Twist.

First tried back in 1961 as an “experiment” whose results are still disputed, this involves the Fed selling short-term bonds and, here’s the twist, replacing them with longer term ones. The result is that as more long-term bonds are purchased interest rates should fall, (it’s a supply and demand thing, sort of).

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Posted in Coreco, Economic Recovery, European Union, First Time Buyers, Interest Rates, Large Mortgage Loans, Mortgage Advice, Mortgage Blog, Mortgage Brokers in London, Mortgage Rates, Mortgages, Politics, Property Market, The Economy | Also tagged , , , , , , , | Leave a comment

Don’t Panic, Pike!

By Andrew Montlake | Published: 05.08.11

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.

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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 , , , , , , , , , | Leave a comment