Moving home should be an exciting time – but unfortunately, more often than not, it becomes more of a stressful time. There is so much to be considered, it can feel like a lot to handle.
One of the most important aspects will be getting the right mortgage to ensure your dream home is affordable once you move in. For which, it makes sense to take impartial advice from experts such as First Financial Solutions.
Most mortgages these days are portable, this means you can transfer your mortgage from the original property you borrowed against to the home you wish to move to. However, lenders will value the property and decide whether or not you need to borrow more to secure it. This may also be accompanied by fees to pay for the transfer.
However, moving home is an opportunity to search for a better mortgage deal. There are a few things to consider before you decide to opt for a new mortgage, such as, whether or not there will be any penalties to pay on your existing home loan.
In order to be better off by changing your mortgage provider, you need to find out if the new mortgage is cheap enough in the long term to cover the costs of the change and other fees. If you use a mortgage broker, they will work this out for you and give you the best advice for your situation.
If you are moving home and need a hand, talk to one of the team at First Financial Solutions. Our advisers are on hand to discuss your options with you. They will take on board your personal circumstances, such as, income, outings, future plans and savings, and use them to search the whole of the market to determine the most appropriate and best home mover mortgage for you.
To contact a member of our team call us on, 01639 262222, or click here to contact us.