home Mover Mortgage guides

Home Mover Mortgages are for those looking to move to a new house, either for more space, a better location or extra facilities. As families grow, or shrink, many people need a different home.

Moving up the property ladder can be a time of mixed emotions. If you thought finding your dream home was difficult, buying and selling at the same time can be even more tricky. However, you have experience of how things work and that’ll help. But, equally you may find a helping hand even more important.

Home Mover Mortgage Advice and Guides from a **FEES FREE** Mortgage Broker in Croydon
It's a good idea to take your time when finding a solicitor

Finding a Solicitor

It’s a good idea to take your time when finding a solicitor or conveyancer. Solicitors or conveyancers look after the legal aspects of buying or selling a property. 

Normally, the first question you’re asked after making an offer on a property is the name of your solicitor or licenced conveyancer.

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fixed rate period your payments will remain the same

Fixed Rate Mortgage

During the fixed rate period your payments will remain the same. Whatever happens to interest rates during this time, whether they go up or down, your payments will not change. This can be a great help when it comes to budgeting. It also provides valuable peace of mind, that you won’t suddenly see your payments increase if interest rates go up.

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Offset mortgages can be a great way to potentially save interest on your mortgage

Offset Mortgages

With an Offset mortgage, your savings are used to offset the interest you pay on your mortgage, helping you reduce the time period over which you’re paying your mortgage, or reduce your monthly mortgage repayment, whichever suits you best.

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When choosing a mortgage, you’ll need to consider different mortgage interest rates and fees you’ll be charged.

Different Mortgage Rates

When choosing a mortgage, you’ll need to consider different mortgage interest rates and fees you’ll be charged.

There are two main types of mortgage rate, there are Fixed Rates, where the interest you’re charged remains the same for several years, usually between two and five years. And there’s variable rates, where the amount you’re charged can go up and down.

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What is a credit score

What is a Credit Score

What is a credit score – Credit Scores are normally used by lenders to help them decide if you qualify for certain loans, including mortgages and credit cards.

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Mortgage Decision in Principle

Mortgage Decision in Principle

Only 3.5% of people using online mortgage pre-qualification tools (Mortgage Decision in Principle) finally get the mortgage that was agreed during pre-qualification when it comes to fully applying for a mortgage…

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Finding a Mortgage Broker

Finding a Mortgage Broker

Finding a Mortgage Broker – A mortgage broker will take the leg work out of looking for a mortgage. They will research the mortgage market, compare different deals, charges and criteria.

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Further Advance Mortgage

If your home has increased in value since you bought it, you could borrow a further advance from your mortgage lender. Find out when this may be a sensible thing to do, but also when it should be avoided.

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*Home MOver mortgages*

If you’re considering home mover mortgages soon (or even within a few years, you should certainly brush up on your mortgage knowledge. Get to know what to do before your mortgage application, during the application process itself and the way in which to use it after buying the property. If you would rather not take this approach, then instead contact an adviser, who will be able to walk you through the process.

Your Credit Is of Great Importance.

Home Mover Mortgages are a serious affair. Banks put up a lot of money at their own risk. So much so, they’ve been very careful since the subprime mortgage crisis of 2008. To qualify for a mortgage, good credit is helpful, but not essential. Based on your present situation, we can also be your guide when it comes to how much you can afford to pay for your new home and what your price ceiling should be. Not only will we help you buy your dream home, we’ll also help you finance it with the lowest cost and most convenient mortgage deal available.

Mortgage Regulatory Information

Building societies, specialised mortgage lenders and banks provide the most mortgages across the UK. There is a total of 200 different financial institutions which offer mortgages in Britain. Lloyds Banking Group and Nationwide Building Society owns the market’s largest share.

Even though UK banks and building societies have always been regulated closely, the FCA (formerly the Financial Services Authority) put a regulatory scheme in place for mortgages. The Financial Services Act 2000.

Mortgage providers are tightly regulated by the FCA, in terms of their professional conduct. There are strict rules regarding the use of unfair, misleading adverts and promotions. There are also checks to make sure the terms of any contract for financial services are fair for the consumer. The original regulations represented in the rules for Mortgage Conduct of Business (MCOB) were reconstructed due to the 2014 FCA Mortgage Market Review (MMR).

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Remortgages

Home Movers

Buy to Let

First Time Buyers

Money Advice

LEGAL STUFF

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Massey Divall Financial Services are an appointed representative of The Right Mortgage Limited which is authorised and regulated by the Financial Conduct Authority.

The Financial Conduct Authority does not regulate most buy to let mortgages.

The guidance and /or advice contained within this website is subject to UK regulatory regime and is therefore targeted at consumers based in the UK

Conveyancing isn’t regulated by the Financial Conduct Authority.

Local Mortgage Advice for Croydon

Fees Free

We do not charge a fee for mortgage advice. We offer customers fee free mortgage advice. Our expert mortgage advisers will help you get a market leading mortgage deal. We help you throughout the entire mortgage process. There are no hidden costs or surprises. Try our fee free advice for your mortgage.

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help@mdfs.co.uk
 

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