Mortgages for Home Movers

As a home mover,  you may have more choice of lenders and mortgage deals due to the fact that you may have a larger deposit from the equity in your current home. However, you should also consider that your circumstances may have changed since getting your current mortgage. Moving home often ties in with a life changing event, such as getting married or having a child which will inevitably affect your finances.

So what options do you have if you want to move house?

• Porting. Most residential mortgages are portable, which means you can move your current mortgage over to your new property. If you need to increase the size of your loan, your lender will often require you to take out a separate mortgage that covers the difference in price. This is often beneficial if your existing mortgage has Early Repayment Charges (ERCs).
• Find a new mortgage product. You may want to consider an entirely new mortgage with a new lender or, possibly, with your existing lender. If there are no early repayment charges and your existing rate is not competitive, this is a common option.
• Let to Buy. This is a process that helps you purchase a new home while keeping possession of your current property and letting it out.

With so many providers and different options out there, finding the right mortgage can be a complicated and time-consuming process. That is why an experienced mortgage broker such as Fairview Financial can help you find a great mortgage deal by searching across the whole market, from thousands of different types of home mover mortgages. We can tailor your mortgage to suit your requirements and avoid any unnecessary costs.

Discover your mortgage options

Whether you decide to transfer your existing mortgage over to your new property, or you apply for an entirely new mortgage,  you will need to go through the application process. With Fairview Financial you will have a dedicated mortgage broker who will support you from start to finish. It can be a time consuming and complex process involving two mortgages but with our experience and expertise we will ensure the smoothest of journeys.

Fairview Financial works with specialist lenders and also has access to exclusive rates from mainstream lenders that you will otherwise not be able to access directly. This way we can assist in even the most complex of circumstances. You may have bad credit or you may be self-employed or a contractor, whatever your situation is our expert advisers are on hand to help you work out exactly which mortgage deal is likely to be right for you.

We have been helping many clients move home in Gloucestershire and the surrounding area and great customer satisfaction is at the heart of everything we do, as testified by the numerous outstanding reviews.

THINK CAREFULLY ABOUT SECURING OTHER DEBTS AGAINST YOUR HOME.

YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBTS SECURED ON IT.