29.07.10
Low Rates For 4 Years?
The latest report from a leading economic think-tank says Bank Base will stay at 0.5% until 2014, whilst the Governments own Office for Budgetary Responsibility suggests rates may rise next year. Meanwhile, one member of the Monetary Policy Committee says rates need to rise now! Welcome to the wonderful world of economic forecasting.
17.06.10
MORTGAGE UPDATE: Fixed rates maintain sex appeal
The Council of Mortgage Lenders has revealed that gross mortgage lending declined 12% to around £10.2bn last month compared with March, which is the lowest April total since 2000.
10.05.10
Bank Base Rate Held
I know it’s a Monday which is unusual for a Base Rate Announcement, but this was wisely delayed due to something else happening last Thursday. With the drama of an indecisive election there was never any real doubt that rates would remain unchanged for now, but there are some interesting and as ever contrasting, view-points emerging due to the current issues of the day.
01.04.10
Where has Quarter 1 Gone?
In a blitz of snow, fervent activity and political ups and downs the first quarter of 2010 is already behind us. This next quarter is set to be dominated by the election campaign, (I reckon Mr Brown may pay a visit to the Queen right after the Easter break), and speculation over Rooney’s injured ankle, (let’s face it, that was always going to happen!).
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.
Monty’s Mortgage Blog
29.07.10
House Prices & Lending To Individuals
The frustration felt by many individuals that banks still do not seem to be lending in sufficient quantities is still evident in the latest Lending To Individuals figures from the Bank of England, which explains the frustration felt by many would-be borrowers.
Coreco
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