04.03.10
No surprises as Bank of England maintain base rate at 0.5%
To all intents and purposes leaving the Bank of England Base Rate on hold for another month may seem to be a no brainer and worth no more than a cursory glance. However, like all things financial at present it just ain’t that simple!
18.02.10
Higher Inflation and Interest Rates the Future for the UK?
As the CPI measure of inflation reached 3.5% in January, well above the official 2% target and the 3% limit at which the governor of the Bank of England has to write to the Chancellor, economists are starting to question whether this is just the temporary “blip” Mervyn King is insisting. Not only might inflation prove stickier in the short term than Mr. King expects, in the medium to long term economists are wondering whether permanently higher inflation and interest rates are the future for the UK.
11.02.10
Where there's a will there's a way
One of the questions that regularly gets a raised eyebrow and a “tell me more” response from our clients, is around their asset protection. In other words what steps have you taken to ensure that your assets are protected and will pass on to the right family members?
21.01.10
Homes At Risk As Inflation Surges?
One of the free London papers yesterday carried the headline above, (though without the all important question mark), and spoke in rather alarmist terms about a “mortgage time-bomb” after the sudden rise in inflation to 2.9%.
14.01.10
Coreco 2010 Predictions
“The main purpose of economic forecasters is to make meteorologists look respectable”. This quote, very appropriate given the recent weather, has been attributed to several economists over the years, while events surrounding the credit crunch have shown how badly wrong the “experts” can be on everything from debt ratings, growth forecasts and, of course, house prices.
07.01.10
Bank Base Held At 0.5%, But For How Long?
The first decision by the Bank of England’s’ Monetary Policy Committee of the new decade has heralded no change at all, but the question on everyone’s lips is how long this status quo can now be maintained?
23.12.09
Goodbye 2009 It's Been Interesting...Bring On 2010
It has been, by all accounts, another extraordinary year, marked by a sense of frustration and confusion for many trying to understand what will happen next, and especially so for those people looking to purchase property.
26.11.09
Landlords To The Rescue?
Amongst the whispers and tentative movements of lenders we monitor daily, there have been some interesting signs in recent weeks of an increase in activity in the much-maligned buy-to-let market with products available with rates as low as 3.49% up to 60% loan-to-value, (5.00% APR) and 4.70% to 75% loan-to-value, (4.40% APR), and lenders such as Paragon poised to re-enter the market once again.
16.11.09
Return of the Remortgage
There has been so much speculation over the previous months as to when the remortgage market will begin to return. Various questions have been raised such as how low will rates have to be to make moving worthwhile, how many people will actually be able to remortgage given strict new guidelines and lending policies and how long will Bank Base continue to stay stable?
16.11.09
A Matter of Trust
It never ceases to amaze me how such a simple thing done, or not done, by one individual can have such a dramatic effect on many. Take life insurance, for example, you pay premiums for the benefit of your loved ones, and then a claim comes in and dear old Mr Brown and co walk away with potentially 40% of it!
05.11.09
Base Rate Held As Competitive Products Return
This month’s decision on the Bank of England Base Rate itself was never going to be the main talking point, it was of course held, but rather whether more cash would be pumped into the system via the Quantitative Easing (QE), programme, and if so, how much? As it turns out, a further £25 billion on top of the £175 billion already flushed through has been announced in order to stimulate the economy further.
05.11.09
Base Rate Outlook Uncertain
The length of the recession is creating increasing uncertainty over the future direction of UK base rate and mortgage rates. Following the near collapse of the global banking system in 2008, authorities around the world slashed rates to unprecedented lows, pledged billions of pounds, dollars, euros and yen to shoring up their banks and economies and started “printing money” in the form of Quantative Easing programmes.
Monty’s Mortgage Blog
03.03.10
On The Brink of 2 R's (one Election and one World Cup)
We are now entering a particularly interesting phase in both the mortgage and property markets, as the economy teeters on the brink of either recovery or a double–dip recession.
Coreco
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