If you don’t have a fixed rate mortgage deal your mortgage rate may have seen regular and worrying repayment increases since the start of the year.
Home Mover Mortgages
Moving home is the ideal time to consider changing mortgage, as you may be able to secure a better mortgage rate.
That’s where we can help with our FREE MORTGAGE ADVICE.Speak to a Mortgage Adviser
Stress free home mover mortgages
Whether you’re upsizing or downsizing, you are likely to have a wider choice of lenders and mortgages than you were offered as a first-time buyer.
Our specialist mortgage advisers can:
- Find a mortgage deal to best suit your needs
- Help you understand how you may have to pay your current lender for any potential charges when changing your current mortgage (often referred to as Early Repayment Charges)
- Provide a mortgage review to tell you how much you can afford to borrow
- Work with you to secure you an Agreement in Principle with no charge or commitment
- Manage the whole process from liaising with your lender to working with your solicitor
You will have the freedom to sit back and relax, thinking about where you are going to place the furniture in your new home!
This Mortgage Calculator provides a guide to how much you’d pay each month. The exact amount will depend on the type of mortgage and the lender. Contact our team for an exact quote.
Ready to find the perfect mortgage?
Contact our Mortgage Advisers and we’ll find the perfect mortgage for your situation. Complete this form or call 01462 510 400.
Why do I need a home mover mortgage?
A home mover mortgage is really the same as a standard mortgage. The term “home mover mortgage” simply refers to the process of getting a new mortgage when you move house.
The home mover mortgage process provided by our mortgage team reviews your current financial status and helps to make sure your new mortgage is appropriate for the home you’re moving into.
Some lenders provide mortgages that are transferable, meaning you can move your current mortgage deal to your new house, however, there are other mortgages that do not offer this choice. If you are not able to take your existing mortgage with you, then you will need a home mover mortgage.
If you are looking to upsize and therefore increase the amount of your loan, you could find that your current lender may not allow you to borrow the additional funds needed for you to move home. If this is the case, searching for a new lender will be necessary.
Alternatively, you may not need to borrow more money, but it could still be worth replacing your existing mortgage when you move home, rather than shifting the current one over. This can help you get a mortgage offer that suits your new position and can give you a better overall deal.
The important thing to remember is, finding the best mortgage for your current financial situation is vital, as you will need to demonstrate that the mortgage repayment is affordable, whilst still meeting your new needs.
Whatever your financial situation, the simplest way to get the best deal is to contact one of our qualified and experienced mortgage advisers.Need help? Book a call
“These guys are the best, thank you to Cade, Kelly & Rachel for all your hard work, really helpful, answers the phone instantly, I can't recommend them enough, even got a lovely box of biscuits for me when I moved in to my first home. Will be recommending to others! 5 stars easily! Thank you so much :)”
“Amazing service from start to finish front Fortune Financial. Explained in great detail the options available to us and helped us make sure we made the right decision for our mortgage moving forward. Kept us informed regularly, extremely happy with the service.”
“The team at Fortune Financial were fantastic help when I was purchasing my first house. The friendly and informative team guided me through the process and really made me feel valued. Would definitely use them again.”
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