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.
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 2012, Bank of England Base Rate, Best Mortgage Rates, Coreco, Economy, Large Mortgage Loans, Mortgage Broker in London, Property Market, The Economy |
Let’s face it; there is more chance of Sepp Blatter becoming the next England manager than the Bank of England changing their rate from the 0.5% low at present. But as has been the case for many a month now, the rate itself is not the real issue, it is everything else that is happening around it and boy there is a lot going on.
The Euro turmoil is starting to affect the biggest countries in the EU now, and for the first time in around a decade the UK is now able to borrow on cheaper terms than Germany. German 10 year government debt rates increased to 2.21% whilst the UK, relishing it’s new found “safe-haven” status, sits at a mere 2.16%.
Posted in Bank Base Rate, Best Fixed Rates, Best Mortgage Rates, Coreco, Economic Recovery, European Union, GDP Figures, Large Mortgage Loans, Mortgage Brokers in London, Professional Mortgage Brokers, Remortgage | Also tagged Bank of England Base Rate, Best Mortgage Rates, Coreco, Economy, Fixed Rates, Grant Shapps, Housing Market, Large Mortgage Loans, Mortgage Broker in London, The Economy |
I want to be very clear about the question posed in the title, especially as the Bank of England Monetary Policy Committee, (MPC) obviously kept rates on hold again today and in all likelihood, look set to keep it that way for a good few months yet.
This rise in rates I am alluding to is due to two things; firstly, as the storm in the Eurozone does its best to turn itself into a full scale hurricane of a banking crisis, because quite simply the cost of funds looks set to rise and secondly, liquidity issues are once more emerging from the shadows.
Posted in Bank Base Rate, Best Fixed Rates, Best Mortgage Rates, Coreco, Credit Crunch, Independent Mortgage Advice, Large Mortgage Loans, Mortgage Blog, Mortgage Brokers in London, Mortgage Rates, Remortgage, The Economy | Also tagged Bank of England Base Rate, Best Mortgage Rates, Coreco, Credit Crunch, Economy, Large Mortgage Loans, Mortgage Broker in London, Mortgage Rates, The Economy |
If you believe everything you read in the papers you would be forgiven for thinking that there is not much point in applying for a mortgage at the moment because it is all too difficult. Banks aren’t lending and those that are want blood samples and a charge over your children in order to even think about giving you a few quid.
The good news is that this is actually a myth. There is no mortgage shortage and lenders actually have begun to compete for your business. How else can you explain the new trend of 7 day sales from certain lenders who are offering tracker rates from as low as just 1.99%, (4.0% APR)?
Posted in Best Fixed Rates, Best Mortgage Rates, Coreco, Independent Mortgage Advice, Interest Only Mortgages, Large Mortgage Loans, Mortgage Brokers in London, Mortgage Market, Remortgage | Also tagged Best Mortgage Rates, Coreco, Fixed Rates, Mortgage Broker in London, Mortgage Lending, Mortgage Market, Mortgage Shortage |
To coin a phrase, rumours of the death of the Buy-To-Let market have been grossly exaggerated! As regular readers will be aware, we have stated that 2011 will be a year when more lenders re-enter the Buy-To-Let market as First Time Buyers continue to struggle to get on the housing ladder, rents harden and landlords look to take advantage of a ponderous housing market before the economy really starts to recover fully.
As predicted, the first major release of the year in this sector already looks like a beauty, coming from the company that were synonymous with professional landlords before the credit crunch, Paragon.
Posted in Best Mortgage Rates, Buy To Let Mortgage, Coreco, Independent Mortgage Advice, Large Mortgage Loans, Mortgage Brokers in London, Mortgages, Professional Mortgage Brokers | Also tagged Best Mortgage Rates, Buy To Let Mortgage, Large Mortgage Loans, Mortgage Broker in London |
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.
