Whether you’re upgrading to a bigger house, or downsizing to something smaller, moving home doesn’t have to be stressful. I will help you, no matter what your circumstances, and guide you through the process
If you are already a homeowner with a mortgage and are looking to move to a new home, what happens? Is it better to look into getting a new loan or to use an already existing one, even though that could lead to an increase in the size of your debt? It can be quite a complicated process at a time which should be exciting as you move to somewhere new. We can help to talk you through your options, so you know what could work best for you as you come to move home with a mortgage.
There are a number of mortgage providers out there, but the good news is that when you use a mortgage broker, they do the leg work for you. It can be a long process, but they will look at your personal circumstances, budget, and current situation, to work out what the better mortgage options will be. The good news is that there are a number of benefits of using a broker.
Porting is where you transfer your current mortgage to your new property, meaning that the mortgage is ‘portable.’ There will still need to be an application process for the mortgage loan, and in some instances you might need to increase the mortgage because of the new cost of the property. If this is the case, a new arrangement fee will be added on, so checking what this will be is a good idea first. If you need an additional loan for higher property cost, then you could face higher interest fees.
If you are looking to move home, the first step is to establish how much you can borrow. We’ll help settle any concerns you may have and find the right mortgage for you.
We’re also here to help with the ins and outs of buying a home, from dealing with solicitors and estate agents to arranging the right insurances and personal protection.
From our first conversation to you picking up the keys to your new home, we’ll be with you every step of the way.
“ Your home may be repossessed if you do not keep up repayments on your mortgage”
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