Monty’s Mortgage Blog

Tag Archives: The Economy

Bank Base Unchanged, More QE, But Are Rates About To Rise?

By Andrew Montlake | Published: 06.10.11

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.

Read the full post
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 , , , , , , , , | 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).

Read the full post
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.

Read the full post
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

What Is A “Mortgage TweetMeet” ?

By Andrew Montlake | Published: 20.06.11

Since engaging with the Twittersphere back in early February 2009 I have been amazed at how far it has come and the amount of people I have conversed with. True, it took me a long time to get to grips with and to understand how it can be used properly for business purposes, but a bit of perseverance is now paying off.

Of course there have been many detractors, the piss-takers and technologically inept who continue to see social media as a waste of time.

Read the full post
Posted in Coreco, Credit Crunch, Economic Recovery, Independent Mortgage Advice, Mortgage Advice, Mortgage Brokers in London, Mortgage TweetMeet, Property Market, Social Media, The Economy, Twitter | Also tagged , , , , , | Leave a comment

The “Have Your Cake & Eat It” Mortgage

By Andrew Montlake | Published: 20.05.11

The biggest issue for borrowers in these uncertain times is the question around interest rate rises. To be fair, even the self-confessed great economic minds and the Bank of England Monetary Policy Committee themselves are split on the issue.

For some, rates will not change for another 12 months, others say they will rise slowly but surely by the end of this year, whilst yet another section believe rates will have to rise a lot quicker than expected next year even though this will cause more than a fair share of wailing and gnashing of teeth.

Read the full post
Posted in Best Fixed Rates, Best Mortgage Rates, Coreco, Large Mortgage Loans, Monetary Policy Committee, Mortgage Brokers in London | Also tagged , , , , , | Leave a comment