Moving Home Mortgage

Our residential team assists individuals and families looking to move homes within the UK. Let’s collaborate to transition into your new space smoothly, shall we?

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Undoubtedly, navigating the process of purchasing a new home and securing a mortgage can be daunting and complex, especially when you’re a homeowner. Where does one even start the search for a new property? How much equity do you need to release from your current home? And what about the additional costs like stamp duty and legal fees?

No need to fret, though. We are here to offer reliable support. Our advisors understand the challenges of moving homes and obtaining a new mortgage. Therefore, we are committed to promoting transparency within the property finance sector, providing guidance every step of the way. We aim to ensure you feel empowered and in control throughout the process. We’ll handle all the intricacies from start to finish, allowing you to focus on finding your dream home and arranging your finances.

For a detailed discussion about your mortgage options as a homeowner looking to move, and if you require regulated financial advice, The Mortgage Blog can connect you with Trinity Financial for personalized assistance.

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What to expect

Financial Assessment

First, your advisor will examine your financial situation to determine what you need and can afford. This step is essential to determining your borrowing capacity. They’ll also advise you on the right insurance to safeguard your mortgage, such as life insurance, income protection, critical illness coverage, and building and contents insurance.

Mortgage Search

Next, your advisor will scour the market for the best mortgage deals tailored to your needs. With access to a vast range of lenders and even exclusive offers that aren’t available to the public, they’ll help you get the most value for your money.

Agreement in Principle

Once your advisor has a few options, they’ll go through them with you and, after finding the right fit, will do a credit check with the recommended lender. If all goes well, you’ll secure an Agreement in Principle, giving you a solid property search budget.

Offer Accepted

When you’re ready to proceed, your advisor will apply to the chosen lender with all the necessary paperwork. They’ll also provide you with a clear mortgage illustration, showing exactly what you’re signing up for.

Application Progression

During this phase, your advisor and their team will coordinate with the seller’s agent for the bank’s property valuation and keep you in the loop at every step. They’ll also handle any questions from the lender to ensure things stay on track.

Mortgage Offer

Once the offer is ready, your advisor will review it carefully to ensure it meets your expectations. You’ll receive a copy for your records, and a second copy will be sent to your solicitor.

Exchange of Contracts

At this stage, any insurance policies you’ve set up will go live, giving you peace of mind that everything is covered.

Completion

Congratulations! With contracts signed and everything finalized, it’s time to collect your keys and enjoy that hard-earned sense of relief—you’re officially a homeowner!

Our Experts

With The Mortgage Blog, you’ll have a dedicated team supporting you every step of the way. We’ll lift the burden, saving you time and sparing you the stress.

Our exceptional brokers will find the best mortgage deal for you, and with our wealth of experience, you’ll be holding the keys to your new home before you know it!

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