Moving house can be stressful, be it your first, second or third home, upsizing to accommodate a growing family or even downsizing once the birds have left the nest.
Many mortgages from mainstream providers today are portable – you can move, or ‘port’, your existing mortgage to a new house. It can be topped up if required and is treated by the lender s a fresh mortgage application but allows you to avoid any early repayment charges that you may incur if you didn’t look to transfer the mortgage. You will however, only have access to that lender’s rates rather than reviewing the whole of the mortgage market.
Alternatively, your mortgage advisor in Wimborne may recommend applying for a mortgage with a new lender. This will be based on best advice weighing up the cost involved with any repayment charges vs any improvement in rate. Whatever is best for you as the client. Our goal is to ensure you have a mortgage deal that is best suited to you and your circumstances.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Book Meeting Contact Us About UsChances are, if you're at any of this stage in your life, you will need a mortgage.
Find out how much you can borrow. It’s important to have the facts, so talk to one of our advisers now. Once you’ve had your home valued (we recommend asking three different agents), talk to our mortgage advisors for moving house advice on mortgages and we can combine your available deposit, analyse likely costs of agents and solicitors and help you formulate a budget you can rely on.
Instruct an estate agent to advertise your house for sale on the internet sites to start attracting viewings.
Put yourself in control by getting your mortgage agreed in principle, which includes confirmation you have passed the your credit rating with the lender and proves to agents that you have your finances under control.
Find a solicitor/ conveyancer you can trust, they can start talking you through the process of buying your first property, timings etc. If you need some recommendations then please talk to us, and our mortgage brokers in Dorset can help you.
Start house hunting in earnest.
Once you have found the perfect place and had your offer accepted, call your Wimborne Financial Services mortgage broker, who will review the options and move your mortgage agreement in principle onto a full mortgage application.
Your lender will send a valuer to assess your future home to ensure it is worth what you’re paying.
Your lender has approved your mortgage application, and it is over to the solicitors to complete the conveyancing process.
Your mortgage lender will require you to insure the building/s with your Wimborne Financial Services mortgage advisor, who will offer home mover advice on buildings and contents insurance and other insurances you should consider.
Your solicitor will legally exchanged contracts with the other solicitors in the chain, and all parties have agreed on a moving date.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Simon Lock
18 April 2024
I have used Wimborne Financial Services multiple times over the years. They have provided a professional, fast and easy to understand service. The advice they have provided me has always provided great value saving me and my family money.
A particular example has been the advice and product recommendations provided prior to recent large interest rate increases.
I would highly recommend.
Andrea and Graham
19 June 2023
Andy has dealt with our financial requirements from soon after he started in business 15 years ago. He was clearly extremely knowledgeable then and having come from another high pressured commercial background knew exactly how to find the best solutions for all of our needs since. If you want straight forward good advice then you will get it and all the mortgages he has done for us over the years have been spot on. Always keeps you up to date on the progress of each event and has been more than happy to offer ongoing advice even when there is no business in the offing.
Would thoroughly recommend
Andrea and Graham - Poole
Georgina Mountney
18 April 2024
Andrew has helped myself and my family with our mortgages for a number of years now. He has always been incredibly helpful and approachable, ensuring we get the best possible deals. Would highly recommend.
A mortgage is a loan secured against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.
