What do we mean by Home Mover Mortgages?

A ‘Home Move Mortgage’ is one in which the current homeowner considers selling their existing home in order to purchase a more preferred property.

What moving costs need to be considered?

There are numerous costs associated with moving that must be considered. If you are selling your primary residence, a deposit for the subsequent purchase is essential, as are estate agent fees. Solicitor fees and stamp duty for preliminary work, as well as a brokerage fee if you use our services, are examples. Smaller fees, such as removals, must also be considered; these can range from hiring a specialised company to renting a van.

How much can I borrow?

There is never a simple response to this question, so it’s always worth talking with a mortgage broker as soon as possible to determine how you are able to borrow based on your specific circumstances. We can look at the ‘Whole of Market’ as a broker to maximise your borrowing potential.

However, the amount you can borrow is determined by your loan to value, which is determined by your income, credit score, affordability, and profession. It is always a good idea to disclose your annual salary plus any extras, such as overtime or bonuses, as this can boost your Loan to value (LTV).