16.08.10
Coreco shortlisted as finalist in the leading estate agency of the year awards
We are delighted to announce that Coreco has been shortlisted in the Best Residential Mortgage Lender category of The Negotiator Awards 2010, organised in association with The Digital Property Group, FindaProperty.com, Globrix.com and Primelocation.com.
12.08.10
The National Mortgage Index
Today sees the release of the new National Mortgage Index developed by National mortgage broker Mortgage Advice Bureau and London mortgage broker Coreco, which gives an interesting national and regional insight into the latest mortgage trends.
09.08.10
Coreco 2010 Forecast- Half Term Review
Now that all the economic data for the first half of 2010 has been compiled and published, a quick review of Coreco’s first formal attempt at an economic forecast seems in order. In January we issued our prediction on House Prices, Interest Rates and the Stock Market, here’s a reminder of our original figures vs. the current actual numbers and a brief commentary.
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.
Monty’s Mortgage Blog
19.08.10
Mortgage Lending Up...A Bit
Today saw the release of the latest set of data from the Council Of Mortgage Lenders, (CML) stating that Gross Mortgage Lending rose by 5% in July compared to June, although this is still 3% down from July 2009.
Coreco
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