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

Keyfacts Illustrations – Mortgages

The keyfacts Illustration document or the ESIS if that is given to you instead, makes it easy for you to compare the total cost of mortgages side by side because the documents contain the same information, usually presented in the same way.

Read More »
MORTGAGES FOR DOCTORS  - At MDFS, we understand your needs and circumstances as a Doctor and can assist you in getting a Doctor mortgage.

Mortgages for Doctors

As a doctor, including as a locum doctor, you may find yourself working for short periods of time on random shifts and doing flexible hours. This could result in you having several gaps within your employment. There are currently a range of lenders which will consider lending based on your annualised contract rate. You may also be able to borrow more than you think, as this will ensure that any tax deductions on your payslips will not affect the mortgage affordability.

Read More »
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.

Read More »

Negative Equity

A property is in negative equity if it’s worth less than the mortgage secured on it, and it’s normally caused by falling property prices.

Read More »
Until the exchange of contracts, both the buyer and seller of the home can pull out of the deal without incurring serious costs.

Exchange and Completion

When it comes to getting a mortgage your personal needs and preferences are unique. For this reason, it’s good to know how mortgages work generally. It’s also good to have an idea of what options might be available.

Read More »

*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).

*interesting links in our website*

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.

GIVE US A Call

020 3174 0099
help@mdfs.co.uk
 

Copyright – Massey Divall 2020

Call Now