Moving Home

Even if you are an experienced home owner, buying and selling property is a more demanding process, as you also need to take into consideration the legal work and emotions surrounding the sale of your property, not just the onward purchase.

Whether you are increasing, decreasing or borrowing the same level as your current mortgage, ‘porting’ the mortgage is process which involves moving your current mortgage terms to a new property.

What Are The Steps Involved?

The first step is to obtain a valuation on your property with an estate agent. It is likely that you already have a mortgage and maybe tied into a fixed rate with your current lender. Therefore, we will work out all the figures to establish whether it is more cost effective to stay with your current lender, or switch the entire mortgage to another lender, ensuring you get the right mortgage deal for your needs.

We usually arrange a chat with you over the phone initially and help you understand the amounts you can borrow, costs of buying a property and the likely monthly payments.

We will summarise our entire conversation to you by email and explain the next steps in terms of helping you obtain a mortgage.

Once we have all the necessary information, we can obtain an AIP (Agreement in Principle) which you can use to show estate agents, evidencing your ability to obtain a mortgage. We are more than happy for you to provide our contact details to the agent, should they need your offer to be ‘financially qualified’.

Once you have an offer we will help secure the right mortgage deal based on your needs and requirements and liaise with the estate agent, mortgage lender, solicitor, surveyor and all associated parties to ensure that the mortgage offer is issued as quickly as possible. We will also help you with all the legal forms that need to be completed and guide you right through to getting the keys to your new home.

A mortgage is a loan secured against your home or property. Your home or property may be repossessed if you do not keep up repayments on your mortgage.