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Coreco Wins Best UK Broker 2022


What an extraordinary month it has been at Coreco. As it stands, we are set to have our biggest month ever in terms of business written which really is extraordinary given the prevailing market conditions

Thank you to all of you who have engaged with themselves or been referring to us and we are happy we have been able to help so many people – long may it continue!

To cap off the month, last week saw the highly prestigious Mortgage Strategy Awards 2022, which is the pinnacle of the Mortgage Award Season for firms in the sector. Coreco were short-listed in no fewer than three categories and we are delighted to say that we did win the big one – Best UK Broker (5-50 brokers) 2022.

This adds to the fact we are also the reigning Best London Broker at the Mortgage Introducer Awards recently.

This really is a testament to the hard work and dedication of all the amazing Coreco team and is very well deserved.

Mortgage Approvals

Meanwhile, according to Bank of England figures today there was actually a drop-off in mortgage approvals, which is surprising as April and May have been exceptionally busy, although we do expect the combination of weaker borrower sentiment and lenders tightening their affordability to feed through in the months ahead.

Remortgages, contrary to what this data suggests, are going through the roof as people seek to lock into the lowest rates available before they rise further. Perhaps the fact this data only shows remortgages to other lenders shows people are increasingly being forced to remortgage with existing lenders due to affordability issues.

It really doesn’t help that lenders are continuing to pull products with little or no notice, partly due to the ever-increasing cost of funds, but also in order to manage their business levels and service. Lenders are still struggling to cope with the sheer number of applications.

All of this means as ever, speaking to a broker early is essential to ensure not just a good rate, but a smooth process.

There was also a rise in consumer credit borrowing which will trigger more alarm bells at the Bank of England. It shows the economic storm clouds are getting darker by the day. People can take out credit and loans if they are confident, but in this case, it could be because they are seeking extra cash to cover their bills and put food on their tables.

All eyes are now on the jobs market and thankfully, for now at least, that remains fairly resilient.

Best Mortgage Rates

In terms of mortgage rates, for standard residential mortgages, borrowers can obtain 2-year fixes at 2.23% (4.00% APRC) and 5-year fixes from 2.45%, (3.90% APRC), whilst variable discounted rates are around from 1.29%, (5.00% APRC).


Those looking at Buy-To-Let can now obtain products from 1.64%, (4.40% APRC) for a 2-year tracker or 5-year fixes are available from 2.39% (4.30% APRC).

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Andrew Montlake

Written by Andrew Montlake

Andrew Montlake, better known as Monty, began his journey with an Hons degree in Economics & Politics before starting in the mortgage industry in February 1994. As a main founder of Coreco in 2009, he successfully grew the brand, marketing, and communications, and was made MD in 2019 focussing on the overall vision, strategy, and culture of the company. As Coreco’s media spokesperson, Andrew can often be seen or heard on TV and radio as well as regularly commenting in the national, local, and trade press. He is the author of this acclaimed Mortgage Blog and is well-known for his social media, podcasts, and public speaking. Andrew is now proud to serve as Chairman of the Association of Mortgage Intermediaries, (AMI) as a cheerleader for the Mortgage Industry as a whole and continues to work at the coal face, writing mortgage business and advising clients.

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