Monty’s Mortgage Blog

Tag Archives: The Economy

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

Was The Mortgage Market Review Worth The Wait?

By Andrew Montlake | Published: 19.12.11

Similar to it’s well known namesake, the MMR is designed to immunise against the possible ill-effects of another boom-time credit party, protecting us all against the ravages of excess and poor lending practices that brought the UK economy to its knees.

What the FSA was hoping, was that this could be achieved with as little side-effects as possible, especially given the state of the housing market in general at present.

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Posted in Coreco, Credit Crunch, FSA, First Time Buyers, Independent Mortgage Advice, Large Mortgage Loans, MMR, Mortgage Advice, Mortgage Blog, Mortgage Brokers in London, Mortgage Market Review, Property Market, The Economy | Also tagged , , , , , , | 1 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

Does anyone really care about the base rate anymore?

By Andrew Montlake | Published: 25.11.11

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%.

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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 , , , , , , , , , | 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