If you are moving home, you generally have a few options. The chances are you already have a mortgage on your current home, if this is the case it is likely that your current lender will allow you to move this mortgage to your new property although do check as not all lenders allow this.
If you do have a mortgage but are tied with redemption penalties, then it is most certainly best to move your mortgage to the new property to avoid paying the penalty. If you are not tied with redemption penalties then it’s worth comparing the rest of the market against your current lender to make sure you are getting the best deal.
Or simply call our mortgage experts on 01233 512012 and they will be able to let you know what options you have and the best route for you. Each of our advisers have at least 20 years’ experience as a mortgage broker.
There will be a range of costs involved which you need to consider these include;
- Estate Agency fees to sell your home.
- Legal cost for both the sale of your currency home and the purchase of your new home.
- Valuation fees.
- Broker fees
- Lender arrangement fees.
- Removal fees
- Stamp Duty
Get an instant quote for your legal costs and stamp duty with our quick quote system.