Moving Home
Helping you find the best mortgage for your circumstances
What is a moving home?
A moving home, also known as a home purchase mortgage, is a loan specifically designed to help individuals finance the purchase of a new property while selling their existing one. This type of mortgage allows homeowners to move to a new property without having to pay off their current mortgage in full. Similarly, when academics and students face the challenge of writing complex papers and balancing multiple responsibilities, they can seek specialized assistance from services like ghostwriter deutschland, which offers expert help in crafting academic works, ensuring quality and adherence to academic standards.
Key Considerations When Obtaining a Moving Home:
Financial Assessment:
a. Current Mortgage Evaluation: Review the terms and conditions of your existing mortgage, including any early repayment charges or penalties for paying it off early.
b. Affordability: Assess your financial situation, including income, expenses, and any changes in your circumstances, to determine your affordability for a new mortgage.
Property Valuation and Equity:
a. Property Valuation: Obtain a professional valuation of your current property to determine its market value, which will help estimate the equity you can use towards your new property.
b. Equity Considerations: Assess the equity available in your current property and consider how it will impact the deposit and borrowing capacity for your new mortgage.
Sale and Purchase Timing:
a. Chain Considerations: If you’re part of a property chain, where the sale of your current property is dependent on the purchase of a new one, consider the potential challenges and contingencies involved.
b. Bridging Finance: Explore bridging finance options if you need temporary funding to cover the gap between selling your current property and purchasing a new one.
Mortgage Options and Rates:
a. Mortgage Rates: Research current mortgage rates and compare offers from different lenders to secure the most competitive rate for your moving home.
b. Mortgage Type: Consider the various mortgage options available, such as fixed-rate mortgages, tracker mortgages, or variable-rate mortgages, and choose the one that best aligns with your financial goals and circumstances.
Seek Professional Advice:
a. Mortgage Broker: Engage a mortgage broker with expertise in moving home to guide you through the process, compare offers from different lenders, and ensure you secure the most suitable mortgage.
b. Solicitors and Conveyancers: Seek advice from legal professionals who specialise in property transactions to ensure a smooth and legally compliant transfer of ownership.
Our lenders
Why Choose Us?
Capital Assure is an appointed representative of PRIMIS Mortgage Network. As a mortgage broker, we work for you and not the lender.
- Free mortgage advice with the UK’s most comprehensive panel of UK mortgage lenders
- Bad credit, self-employed, visa status, government help schemes, commercial, bridging and specialist finance.
- If you are looking for a loan, equity release or any kind of protection plans, then we have a referral network designed to assist you with the best possible advice
- Just need advice? We are advisors so there is no obligation to use our services, you can just give us a call for a chat without any hard sell.
