Home Movers
Sold your property and need to move up or down? Plan your new mortgage with the guidance and expertise of a fully qualified and regulated adviser. Free 30 minute no obligation consultation available or use our research tools to see what we have available.
Are you selling your current property and moving to a new home? Accurate budgeting is crucial. The more precise your estimates, the better prepared you’ll be.
Assess Your Funds
- Savings and Assets: Include any non-property-related savings or assets.
- Determine what you can comfortably pay monthly.
- Calculate your moving costs.
- Estate Agency fees. Typically, it ranges between 1%-1.5% of the property value.
- Include mortgage fees, solicitor fees, removal costs, etc.
Estimating Sale Proceeds
To understand how much money you’ll have from selling your property, consider:
- Obtain at least three quotes from estate agents.
- Call your lender to determine your current mortgage balance.
Lender Criteria and Affordability
Lenders have varied criteria and consider income, outgoings, and liabilities. The amount you can borrow depends on your circumstances. This is the best time to take up our offer of a free discovery call, during which we can give you initial advice at no cost.
Your existing mortgage.
If you are locked into a fixed rate, we can help you assess your options. Is it worth going to another lender, or should we stick with your current lender and tag on the additional borrowing? We always advise people to seek knowledgeable advice in this area. Get it wrong here, and you could have expensive problems in the future.
You can read a lot online, but nothing replaces a one-to-one conversation to discuss your personal needs. Pick up the phone or send us a message and book your free, no-obligation initial review.
Your Home (or property) may be repossessed if you do not keep up with repayments on your mortgage or any other debt secured on it.
