Home Mover Mortgage
Moving home and getting a new mortgage
You have your own place and are looking to sell and get a new property. For this you’ll look at a home mover mortgage. Whether it be up sizing for a growing family or downsizing because the kids have flown the nest, with our vast experience in the industry & access to all the lenders on the market we can get the home mover mortgage that is right for you.
A home mover mortgage can be a big step in regards to your property. This is why it’s key to make sure you have impartial advice. We provide advice across the marketplace with no ties to any lenders or panel. This means you will be getting whole of market advice from us on your home mover mortgage. You also might want to look at a self build mortgage to build your own home using capital from your current home. Obviously you would have to consider rented accommodation whilst it’s built but this is something we can look at for you.
Making sure you get the best home mover mortgage deal
Do you have the spare time to trawl through thousands of mortgage deals from all of the lenders on the market?
I didn’t think so.
Let us do that leg work for you and get you the best deal available on the mortgage marketplace. With a lot of our lenders offering deals exclusively to our network, rest assured we can find a great home mover mortgage for you. Partner this access to all the deals with our 30+ years of experience it wouldn’t hurt to give us a try, would it?
We will assess your lending capabilities for a home mover mortgage, look across our sea of lenders and get back to you with some quotations on what you’d be looking at for interest rates and monthly payments. We will also be able to supply you with quotes on your mortgage legals. This means that we can help you from start to finish with your home mover mortgage.
Processing your home mover mortgage
So you’ve found your new place on Rightmove or Zoopla or your own local agent. Now you want to make an offer on the property we can get you an agreement in principle. We will look over all the deals and get you the best suited one for your new property. Once you have an offer accepted we go through the normal mortgage motions. Getting documents from yourself for the lender, getting a valuation done etc.
Once the lender is happy with all this, a formal mortgage offer will be issued. You will then proceed to the legal process with a solicitor. Going through the motions on this will take a few weeks. In the meantime we can set up buildings and contents insurance for you at your new property. Lenders need buildings insurance as a bare minimum. During the mortgage process we will also discuss life insurance to protect the mortgage. Insurance can be key to make sure you have no liability from your home mover mortgage if any tragedy was to occur.
Exchange of contracts and moving home
Once you have completed the legal process, you will set a date to exchange contracts. Your home mover mortgage will be in place with a direct debit set up to pay it. The contracts will exchange and you will move into your new home. Slightly different from when you were a first time buyer you will be used to this experience. Once you’ve moved to your new home you’ll settle in and life will resume as normal.
Whether you chose a fixed rate, variable, tracker or any other type of interest rate, there could be a time where you come to remortgage. This is something we can help with. Whether it be raising capital to build an extension, a deposit for a buy to let or capital to settle some loans and cards. We can look at this for you.
After mortgage completion
At this point, our duty of care stops, right?…
We still keep in touch with you to make sure you’ve settled in and are having no issues with the mortgage. If you are on a fixed rate we will also contact you before it expires to remortgage. A lot of time can go by and if you get to the stage of retirement you might want to start thinking about equity release. We have specialist advisors in this area and can assist you with this.
All in all we care about our clients from the moment we first speak to you, till the end. We have the full remit of financial advice. There isn’t anything we can’t help you with, and that does even include commercial mortgages if you want to get a property bought for your business.
Contact us today to discuss your home move and how we can assist with this process. Please do be advised as well that we also cover the full remit of financial advice including pensions, investments & insurance.
Equity Release plans are not right for everyone and it is important that you fully consider your options and receive independent financial advice before making a decision. It is also important that, if you do decide to use an equity release product, you choose one that meets your needs.
Remember that taking an equity release plan is generally a long term option. However, there are flexible plans available that may fit your varying needs and some will allow you to repay in the future without penalties.
Buy to Let Mortgages
Some Buy to Let Mortgages are not regulated by the FCA.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
True Advice Financial Services is a trading style of TA and SE Hollom Ltd. Which is an Appointed Representative of New Leaf Distribution Ltd. Which is authorised and regulated by the Financial Conduct Authority : Number 460421.
Registered Office : 1st Floor Princess Caroline House, 1 High Street, Southend on Sea, Essex, SS1 1JE.