Are You Thinking of Moving House?   

Mortgages for Moving House

If you are thinking of moving house and upgrading your current space, you probably need a moving home mortgage. You may be able to use your existing lender and transfer the current mortgage to the new property. However, the complexities of the mortgage market means that deals are constantly launched and withdrawn, so your current lender may not be able to provide the most suitable mortgage for your cicumstances. Or, they simply may not give you a larger loan if needed. Using a mortgage broker can help you review all the options so you can get into your new home fast and without stress.

How Does a Home Mover Mortgage Work? 

A home mover mortgage is the same as a regular mortgage, but lenders will take into account the current mortgage and you need to re-apply and go through the same credit check process. Many factors have to be considered to see if you qualify for the new mortgage — what are your current circumstances and income, how long have you paid on your current loan and what do you still own, do you need to borrow a larger amount, have interest rates changed or are there more suitable offerings? 

We know that moving house mortgages are more complicated and can be confusing, so we are happy to help make the process as smooth as possible. If you need advice on how to make your new home purchase with a mortgage, get in touch with our qualified team at Finance Remedy.