Home Mover
It has been said that moving home can be one of the most stressful experiences in one’s life and knowing what to do with your mortgage at that stage can add to the pressure.
Most people’s biggest monthly outgoing is their mortgage payment which makes it so important that you consider receiving specialist advice to ensure all available options have been considered and calculated. This will ensure your mortgage remains affordable when you move, and that the costs involved have been factored in, to ensure that you are not hit with any unexpected charges when the time comes to move into your new home.
Sticking with your existing lender
Some lenders may allow you to port your existing mortgage over to your new property, and ‘top-up’ your mortgage loan if needed. It is the mortgage brokers job to work out whether that option is viable and to take the stress away from you whilst we do.
Switching mortgage providers
Sometimes it can work out more suitable for you to start a new mortgage with a new provider when you move home. It’s so important to thoroughly check both options to see which one is most cost-effective for you, and which will suit your needs now and in the future.
With so many mortgage options available on the market, preparing to move home can be a great time to review what you currently have and see if it is still working well with your lifestyle and future plans.
Get in touch to see how we can help.