If you’re moving home, we have the solutions, so you can focus on the important things.
How can we help?
We can take you through the process with ease and finding us was the first step, next is understanding more about the process.
Our job is to help you understand the process and to secure the best mortgage for your situation. As mortgage advisors, we have access to exclusive deals and we will do a mortgage comparison to determine the most appropriate option for you.
If you have an existing mortgage and you are looking to move to a new property, you may be wondering if it is better for you to use your existing loan or to get a new one, Mortgage Solutions are here to answer your questions and provide you with information about all the options available to you. Our team is here to answer all your questions, look at your financial situation, arrange the mortgage, liaise with the estate agent, update your solicitor and guide you through the process until you get the keys to your new home.
Can I move my current mortgage to a new house?
Whether you should stay with the same lender or start a new mortgage is not as straightforward as you would think. To be more specific, transferring your mortgage is known as ‘porting a mortgage’ and depending on your mortgage you may or may not be able to do this and sometimes if it is possible, you may still have to reapply going through the same checks as your original mortgage. However, this is something that we specialise in so don’t be overwhelmed and let us find the solutions to help you make the decision.
It is worth noting that this may seem like a great opportunity to make money but there are risks involved which we can discuss with you.
What if I need a larger mortgage?
This will depend on whether you stay with your original lender or port your mortgage. If you decide to keep your original lender and apply for a new mortgage, you may have to pay an early repayment charge depending on the mortgage you have. If you decide to move your mortgage and need to borrow more, the extra amount is taken out as a separate loan which can lead to arrangement fees. Every case is different so let us advise you with the steps to take.
What if I need a smaller mortgage?
When downsizing, an increase in the value of your current house might mean that you could take out a smaller mortgage and have lower monthly repayments (dependent on your financial situation). You may even be able to get a cheaper home mortgage-free if the difference in value is large enough by using the equity you have built up in the new property.
Take advantage of our initial free consultation with one of our expert mortgage advisors to learn more about how much you can afford to borrow, and which mortgage deal best suits your needs. We will also work with you to secure you an Agreement in Principle for no charge or obligation.
Can I switch from a standard mortgage to buy to let mortgage?
More often than you may think, people may become landlords when they never intended to be. Personal circumstances can change, or you might have inherited a property, leaving you with a home you don’t intend to live in. We can advise you on what you could do if your circumstances change.