Mortgages

Home Movers

Moving home can be more complicated than a first-time purchase because there is normally a sale and purchase involved and timing is therefore more crucial. We can provide advice on both, the moving process, your existing mortgage and your new mortgage and insurance arrangements. We will assist you to calculate the true cost of moving to ensure that you have included all necessary costs within your figures.

Once you have discussed your plans with our Advisers you will know the amount that you can borrow and how much this will cost each month. Remember you will also have other household costs to account for and our Adviser will assist you with your budgeting. We will also help you calculate the costs associated with your move like Estate Agents fees, Home Information Pack, Solicitors fees, Stamp Duty and where applicable any fees associated with your new mortgage.

Our Adviser will help you budget to make sure that you do not over commit yourself, remember that you will also have other household costs to account for, such as Council Tax, Utility Bills, Food Shopping, Life Insurance, Buildings and Contents Insurance etc and if you are moving to a larger property these may well increase.

If you need help in working out the costs of moving please download our ‘Moving Home Cost Summary’ and/or our ‘Budget Planner’ and don’t forget to look at our Top Ten Tips for Selling Your House.
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More About Home Movers Mortgages

Generally, as a home mover there will be more choice of lenders and mortgages available to you than you may have experienced as a first time buyer. This may be because you have built up equity within your home and therefore have a larger deposit available or could simply be that your status has improved due to being a home owner.

Either way it is important that you capitalise on your position to ensure that you obtain the very best deal available to you. The easiest way to achieve this is by speaking with an Independent Mortgage Adviser.

At Sovereign we believe in offering no nonsense jargon free advice from the whole market so you can always be assured that you are getting the very best deal.

It may be that moving your mortgage to a new lender will result in a better deal or it may be that staying with your current lender would be more appropriate, either way we will offer you independent advice based on what is best for you, not the lender.

If you would like more information please contact us.

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