Carter Financial Services

18/10/2024

🚨 Exciting News for Homebuyers! 🏡 Beverley Building Society has announced that they are relaxing their criteria to accept non-UK nationals for residential mortgages! This is a fantastic opportunity for those looking to invest in property in the UK. 🌍✨ Check out the full details here: Mortgage Finance Gazette

https://www.mortgagefinancegazette.com/market-news/beverley-bs-relaxes-criteria-to-accept-non-uk-nationals-for-resi-mortgages-18-10-2024/

08/10/2024

🏡 UK House Prices on the Rise! 📈

The average UK house price hit £293,399 in September, just shy of the record £293,507 from June 2022. Prices have risen for three months, thanks to easing mortgage affordability driven by strong wage growth and falling interest rates.

Halifax reports a 40% increase in mortgages agreed compared to last year, the highest since July 2022. House prices are up 4.7% year-on-year, the fastest growth since November 2022.

Falling mortgage rates have helped to boost confidence among buyers, the lender says.

01/10/2024

HSBC UK has announced changes to its mortgage lending rules for foreign nationals, aiming to expand access to higher loan-to-value (LTV) tiers through mortgage brokers.

The updated policy standardises lending criteria for foreign nationals with UK nationals, allowing applicants with leave to remain or EU settled status to access loans with up to 95% LTV. Previously, both individuals on a joint mortgage application were required to hold leave to remain or EU settled status to qualify for this higher lending tier. Now, only one applicant on a joint mortgage needs this status.

New lending rules apply to applications made through brokers

27/09/2024

More deals under 4% are coming on to the market, as the Bank of England's (BoE) decided to keep interest rates on hold, with another mortgage war looming that is set to benefit those trying to get on the property ladder.

The average rate on a two-year fixed deal this week stood at 5.28%, lower than last week's 5.74%, while average rates for a five-year deal came in at 4.84%, also lower than the previous 5.24%, according to figures from Uswitch.

Find out the latest mortgage rates and deals from HSBC, NatWest, Santander, Barclays and more.

23/09/2024

Nationwide Building Society has announced significant cuts to its fixed-rate mortgage range, effective from tomorrow, September 24.

The reductions, of up to 0.31 percentage points, will apply to the majority of the lender's fixed-rate products.

Nationwide Building Society has also expanded their scheme allowing first-time buyers to borrow up to six times their income

19/09/2024

Mortgage market ‘shaping up to be a positive autumn’ despite base rate hold – reaction

The mortgage market is in a good place going into autumn, with lenders cutting rates and widening criteria, despite the base rate staying at 5%.

The Bank of England’s (BoE’s) Monetary Policy Committee (MPC) voted 8-1 to keep the base rate at 5%.

Ben Thompson, deputy CEO of Mortgage Advice Bureau (MAB), said that it was “business as usual” in terms of interest rates, but there was “no need to worry, as this was signalled for some time”.

The mortgage market is in a good place going into autumn, with lenders cutting rates and widening criteria, despite the base rate staying at 5%.

06/09/2024

https://www.bbc.com/news/articles/cr4091rzy2wo.amp

The recent rate cut has boosted confidence among homebuyers, the UK's largest mortgage lender says.

22/08/2024

https://thenegotiator.co.uk/news/uk-housing-market-news/mortgage-rates-fall-to-lowest-price-in-nearly-two-years/

A recent cut in the base rate by the Bank of England has encouraged lenders to reduce their mortgage prices.

19/08/2024

https://www.mortgagestrategy.co.uk/news/boe-rate-cut-helps-boost-market-activity-rightmove/

The first Bank of England rate cut for four years has led to an immediate upturn in buyer activity, according to the latest Rightmove HPI. The latest data shows the number of potential buyers contacting estate agents about homes for sale has jumped from 11% up on the prior year across the month of J...

13/08/2024

Nationwide will cut rates by up to 20 basis points across its two-, three- and five-year fixed rate home loans – with the mutual’s lowest mortgage starting at 3.83%, as the industry’s price war continues.

Click here to read the article:

Nationwide will cut rates by up to 20 basis points across its two-, three- and five-year fixed rate home loans – with the mutual’s lowest mortgage starting at 3.83%, as the industry’s price war continues. The building society's new rates, which come to market tomorrow (14 August), include: New...

06/08/2024

I'm 25 and living with my parents. Rate cut may help

The Bank of England has finally cut interest rates for the first time in four years.

This modest cut from 5.25% to 5% signposts the way to lower mortgage, credit card and loan payments but also savings rates for millions of people across the UK.

Read the article here:

The first fall in interest rates for four years is a boost for some but is not enough for others.

01/08/2024

The quarter percentage point reduction is nothing to write home about after such a lift since 2021 - but it is still expected to have a widespread effect across the economy.

The quarter percentage point reduction is nothing to write home about after such a lift since 2021 - but it is still expected to have a widespread effect across the economy.