MORTGAGES
When you’re moving home, organising your existing mortgage can be quite overwhelming, despite having gone through the process of arranging a mortgage once before.
The house move itself will be stressful, especially when you’re dealing with selling your property too.
Whether you’re moving to a bigger property or downsizing, finding the right, affordable mortgage is key. You might want to transfer your existing mortgage over to your new home or find a new deal altogether.
Home Mover Mortgages
Most mortgages can be moved, or ported, to your new property. Remember, you’ll still have to go through an application process, and if you need to increase the size of the loan, you may be required to take out a second mortgage to cover the difference. This could have higher interest fees and come with the cost of a new arrangement fee. However, if you’ve made a profit on your house sale, you may be able to use this money as additional deposit if your new house is more expensive.
New mortgage, same lender
You might be able to take advantage of a better rate with your current lender, but you could have to pay an early repayment charge on your current loan. We can check out what fees you’re likely to pay and tell you if the best option is to stay with your current mortgage provider.
We can search thousands of mortgage deals to find one that’s tailored to your personal situation and then present you with all the information; arrangement fees, valuation fees, any repayment/exit fees to assess whether it’s financially beneficial for you to switch.
Ready to make the next move?
Let us focus on finding you the right mortgage so you can concentrate on moving home. Contact us today to see how we can help.
Whatever your occupation, either employed or self-employed, sole trader, limited company director or a contractor, we search 1000’s of mortgage deals across hundreds of lenders, to find the mortgage that’s tailored to your needs.
Remortgaging can be a little complicated at times but we love a challenge and we hate to give up! If you took out your existing mortgage before 2008, you’ll find that the rules and criteria to qualify for a mortgage have changed. If you’re feeling a little unsure about the situation and need sound advice, we’re here to help.
Our Awards
