Andrew Montlake

London

Managing Director at Mortgage Strategy Magazine

Multi-award winning TV & Radio mortgage expert, Founder & CEO, Press Spokesperson @Coreco Mortgage Brokers. Author Monty’s Mortgage Blog, Podcaster & Speaker...

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Articles

Editor's Note: Brokers are irreplaceable – Mortgage Strategy

1 week ago | mortgagestrategy.co.uk | Rebekah Commane |Andrew Montlake

Feeling an abundance of writer’s block (or maybe baby brain!) ahead of this month’s column, I admit I paid a visit to ChatGPT in search of inspiration. But I didn’t find what I was looking for. Asked to provide thoughts on the current UK mortgage market, the bot threw out a few well-worn phrases relating to rising mortgage rates and focused on a post-pandemic market, which feels a bit dated five years on.
Market Watch: It's hard to keep up – Mortgage Strategy

1 week ago | mortgagestrategy.co.uk | Andrew Montlake

Well, here we are again, dear reader. Where do the days disappear to? It is always interesting — well, to saddos like me, anyway — to look back on the past month in our fine industry and discover, despite the fact it seems like yesterday when I wrote the previous column, how much has happened. A month really is a lifetime in the mortgage industry.
Twenty7tec hires Newman and Rhodes to sales leadership team – Mortgage Strategy

1 month ago | mortgagestrategy.co.uk | Becky Bellamy |Andrew Montlake

Twenty7tec has hired Adam Newman and Stephan Rhodes to its sales leadership team. Newman joins as head of sales, bringing experience from across the lending and intermediary space. Most recently, he led the sales and account management function at Acre. Meanwhile, Rhodes has been hired as national sales manager and has experience of working across mortgage, protection and fintech sectors. Previously, he has held senior roles across Legal & General, Tembo Money, Smartr365, and IRESS.
Market Watch: Let’s sow the seeds of calm – Mortgage Strategy

1 month ago | mortgagestrategy.co.uk | Andrew Montlake

If you thought the mortgage market would be perhaps a little quieter in the wake of the stamp duty change and Easter holidays, think again. Over the past few weeks it’s been busier than an Anfield pub after a Liverpool football match (champions!) and a lot of that hustle is thanks to (or despite) Donald Trump’s latest tariff tantrums. The markets, as always, reacted with all the calmness of a cat in a thunderstorm.
Cabinet Office orders departments to ‘justify’ quangos or close them – Mortgage Strategy

2 months ago | mortgagestrategy.co.uk | Roger Baird |Andrew Montlake

The Cabinet Office has written to government departments asking them to “justify every quango” under their wings “otherwise they’ll be closed, merged, or have powers brought back into the department”. The government says the move is part of the government’s plan “to re-wire Whitehall and produce a more productive and agile state”. Last month, the health department announced that NHS England would be brought back under its administration “to put an end to duplication”.
Market Watch: Five years on from lockdown... – Mortgage Strategy

2 months ago | mortgagestrategy.co.uk | Andrew Montlake

“I must give the British people a very simple instruction: you must stay at home.”It’s been five years, yet those words still land like an unexpected letter from HMRC: sharp, sobering and enough to send a shiver up the spine. Who’d have thought that one grim address to the nation would be the starting gun for the most bizarre, challenging and unexpectedly transformative chapter in our collective lives?
Latest Bank of England Interest Rate Decision

Mar 20, 2025 | coreco.co.uk | Andrew Montlake

The Bank of England’s Monetary Policy Committee, (MPC) have today announced that there will be no change in the Bank of England Base Rate, which remains at 4.5%. The Committee voted by 8 to 1 to maintain the status quo. Andrew Montlake, CEO of Coreco mortgage brokers commented, “It was no surprise that the Bank opted to leave rates unchanged today amidst a swirl of differential data creating a cacophony of noise that is hard to see through.
Two-year fix with 40% deposit cheapest rate on market: Rightmove – Mortgage Strategy

Mar 20, 2025 | mortgagestrategy.co.uk | Roger Baird |Rob Clifford |Andrew Montlake

The lowest mortgage rate on the market is a two-year fixed rate loan, with a 40% deposit at 3.86%, according to the Rightmove weekly mortgage tracker. This fix is down 9 basis points on a week ago and 60bps on the year. However, the property website adds that the average two-year fix with a 40% deposit is 4.25%, down a single basis point on last week and 45bps from a year ago. The average five-year fix with a 40% deposit is 4.18%, down 2bps on the week and 16bps from 12 months earlier.
Accord cuts BTL rates by up to 0.15%, The Cumberland lowers remo fees – Mortgage Strategy

Mar 18, 2025 | mortgagestrategy.co.uk | Becky Bellamy |Andrew Montlake

Accord Mortgages has made cuts across to its buy-to-let (BTL) product range by up to 0.15%. These latest reductions from the intermediary-only lender include a discount of as much as 0.15% on two- and five-year fixed rates. Three-year fixes have been cut by up to 0.10%, and two-year tracker option rates have also been lowered by up to 0.15%. The lender has also trimmed fees from £3,495 to £1,995 on selected three-year fixed rates.
Market Watch: Labour deserves some time – Mortgage Strategy

Mar 13, 2025 | mortgagestrategy.co.uk | Andrew Montlake

After the tongue-in-cheek mirth of my last column, which was invaded by a power-hungry orange American, all that frivolity has suddenly turned into foreboding with the recent pictures coming out of the Big Top that is the White House. This is now the scene for the very darkest of comedies, led by a cast of clowns that, if it was in an episode of Veep (watch it if you never have), you would criticise for being just too unbelievable.