With a new mortgage advisor on board and some interesting stats on the market, this blog post will get you up-to-speed with the latest at Carman Friend!
As always, we like to keep you in the loop with exciting changes to our estate agency. Here at Carman Friend, we’re pleased to announce we’ve sped up the mortgage process for our buyers and sellers. Keep reading to find out the details.
Meet Simon Poole – our independent mortage advisor!
We’re excited to introduce you all to Simon Poole. He’s an independent mortgage advisor who is now working with us at Carman Friend. As you know, we like to keep things personal and make the buying/selling process as smooth as possible for our clients. That’s why it was a no-brainer to get Simon on board! Both directors, Sami and Gareth, have personally used him, so you know you’ll be safe and experienced hands. If you’re interested in learning more about Simon Poole or you’d like to make an enquiry about the mortgage process, visit our mortgages page here.
How’s the mortgage market looking?
According to Mortgage Strategy, mortgage approvals increased in “both number and value” in August of this year. In terms of the figures, £22.6bn was the total value of mortgage approvals in August. This is a staggering improvement from the £20.9bn seen in July. Not only that, but the actual number of mortgages approved increased “from 65,156 in July to 66,440 in August”! Of course, this makes us feel optimistic about the current market – it seems a popular and successful time to be making the move.
However, we must also look at the flip side. Money Facts tells us that mortgage rates are up from the “record lows” of last year. For example, on a two-year fixed mortgage rate, rates have increased from 2.21% in October 2017 to 2.49% this year. It’s interesting to see but it’s something we shouldn’t get bogged down about. As quoted by Mortgage Strategy, OneSavings Bank say that Brexit uncertainty is having a huge impact on the housing market and “calls to stimulate housing demand” could only complicate our position even more. Watch this space!
For impartial advice and a highly recommended service from our independent mortgage advisor Simon Poole, feel free to contact us over on our dedicated mortgages page.