Moving house is a big decision and one that will have a big impact on your finances. It is important to establish your budget early on so as not to waste time viewing properties that are either too expensive or, perhaps, too small if you can afford more than you think. It is also a good idea to understand all the costs associated with buying and selling your property and when you need to pay them. These can include valuation fees, stamp duty, solicitors’ fees and moving costs.
There are many mortgage products on the market today so it is difficult to know where to start and using online tools are unlikely to find you the best deal. That’s where we come in.
Everyone has their own set of unique circumstances. For instance, the self-employed are assessed in a slightly different manner as mortgage lenders generally require at least two years of accounts. Sub-contractors, on the other hand, can apply for CIS mortgages using their gross income rather than provide full accounts.
Porting your mortgage can be a flexible option when moving home as this allows you to retain the same mortgage terms and avoid early repayment fees. Although this may not be suitable for everyone.
Basically, your capacity to borrow depends on your own personal situation and we can help you find the right mortgage product quickly. This can be crucial if you are competing to buy your dream home and help minimise the challenges of the moving process!