Homemover mortgage - get the best deal, most suitable for you.

If it’s time for a change and you’re looking to move to a new property how do you get the right mortgage deal?

At the Mortgage321, we can give you access to thousands of homemover mortgage deals to find the right one for your new purchase.

Even if porting your existing mortgage is the best option we can help your with the application process

Guide to buying a property.

This guide will talk you through each of the key areas of purchasing a property from getting started, finding a property and making an offer, to completion of your purchase and collecting the keys to help you understand the structure and buying process.

What are the options when moving.

In the majority of cases, sorting out your new mortgage can be straightforward when moving home, whether you opt to take a new mortgage product to improve upon your current mortgage deal or you port your mortgage deal to your new property.

If you have an existing fixed, discounted or tracker rate mortgage product and you're still within the initial benefit period, it is likely that you will have an early repayment fee to pay. Porting your existing mortgage product is definitely worth considering as this may avoid you having to make payment of the penalty. You may want to consider keeping your current mortgage product if your mortgage has a lower rate than those available currently.

This looks to be obviously one of the simplest options, but deciding whether or not to port your mortgage will depend on a number factors.

There can be drawbacks to simply porting your mortgage. For example, if you want to borrow more to move to a larger property your lender will ask you to take out a new product to cover the difference in borrowing, which comes at a cost with a whole new set of mortgage arrangement fees, available rate options, that may not be as competitive as your original mortgage. Other factors to consider before porting your mortgage include how many years are left on your existing mortgage term, your affordability of your new mortgage and whether you’re looking to downsize or scale up.

Always check for early repayment fees as these can be a significant factor when deciding to port or look for a new mortgage deal.

If you need help with your new mortgage when moving house get in touch for simple, smart, flexible mortgage advice.

Mortgage321, Specialists in mortgages even with bad credit.

Address: Suite 152, 9 St Johns Street

Colchester Essex CO2 7NN United Kingdom

Tele: 01255 440142 or 0800 612 8292

Email: info@mortgage321.co.uk

 

Opening Times: Monday - Saturday 9am - 10pm 

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

Mortgage321 is a trading style of Matthew Christopher Pigrome who is an appointed representative of Ingard Financial Limited which is authorised and regulated by the Financial Conduct Authority No 450731. DPA number Z1704032. 

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*Source Trigold June 2019

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