Home Movers Mortgages
What is a Home Mover Mortgage?
The Home Mover Mortgage is a Mortgage for anyone moving house from one property to another property. There are two options when moving home:
A current mortgage transfer to the new property known as porting.
Nowadays, most home mortgages are portable. It means you can move your current mortgage over to your new property. If your new property is more expensive than your current one, you have to increase your mortgage to cover the cost. Effectively, your lender will require you to take out a separate mortgage that covers the price difference.
Finding a new deal altogether by remortgaging with your existing lender or a different one. One option is to completely replace your existing mortgage by taking out an entirely new loan with your current provider. Alternatively, you can look for a mortgage with a different lender.
How to check the cost of moving?
Cost of moving to a new house depends on many factors such as which estate agents you go with, solicitors you use for the transaction, how much your onward purchase is (stamp duty), costs of remortgaging, and other factors can come into effect.
We understand that your home is your biggest financial asset, so it is worth reviewing all your options. As a knowledgeable Home Mover Mortgage Agent, we will assess whether it is in your best interest to change to a new mortgage agreement or transfer your current one to your new property. Once we establish the best Home Mover Mortgage option, we will in a position to take you through a cost of moving.
Moving to a new home with DJB Mortgages made easy
People say that moving home is one of the most exciting but stressful experiences, even more than that first purchase you made as a First-Time buyer. It is because of all the different elements involved in moving. The process of moving home typically involves more people in the 'CHAIN' below and sometimes even above you.
As an experienced mortgage broker here at DJB Mortgage, we know how to take away the stress and headache of having to source Home Mover Mortgage efficiently in no time. We assist with the whole mortgage process starting from the moment you even thinking about moving. Our advisors carry out a cost of moving to determine a likely deposit and then help you work out a monthly budget based on your typical spending habits. Once we know the financial aspect, we search through mortgage lenders on the market to find the best currently available Home Mover Mortgage tailored for your circumstances.
Finding the best Home Moving Mortgage Deal with DJB Mortgages
Being a qualified and professional Home Mover Mortgage Agent, we provide expertise on both the moving process, your existing mortgage and the new mortgage with insurance arrangements. We have access to some exclusive mortgage deals designed just for our clients.
By choosing DJB Mortgages, our clients can stay rest assured that they will get a Home Mover Mortgage which cannot be available anywhere else.
Save on your home move with the best Moving Home Mortgage Broker in Chichester and Guildford.
Do I need to save for a deposit?
The deposit can come from the equity within your current home. We would go through a cost of move with you, work out how much equity you would have after all fees have been paid for and this would then leave you with the deposit or your onward purchase.
If you do have additional savings, they can be added to the pot to give you a higher deposit.
How much does it cost to move?
This depends on many factors such as which estate agents you go with, solicitors you use for the transaction, how much your onward purchase is (stamp duty), and sometimes other factors will come into effect. We would take you through a cost of the moving and give you an idea of costs once we know what you are wanting to achieve.
I want to keep my current property, can I do this?
This depends on many factors but yes this can be achieved and is known as a 'LET TO BUY'.