We know which lenders might give you the green light
We work closely with the major providers to bring you the right deal. Get access to well-trusted mortgage providers without the hard work. Plus, we work with over 80 lenders to ensure you find the most suitable option for your needs.
Accord Mortgages
Pepper Money
Barclays
Principality Intermediaries
Bluestone Mortgages
Buckinghamshire Building Society
Buy-to-Let by Foundation
Kensington
Metro Bank
Newcastle for Intermediaries
The Nottingham Building Society
Mansfield Building Society
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
An Introduction to Moving House
Moving house can be stressful. There are many questions you will need to ask yourself regarding your choice of property so it’s good to know that, as your adviser, we are on hand to answer your questions.
We will help you with the process of moving your mortgage to another property and provide you with expert mortgage advice. We take pride in offering a personal service that takes into account your individual circumstances.
Your financial situation is unique, so we work hard to understand your goals and aspirations, and make financial recommendations based on a comprehensive and detailed analysis of your needs.
What our customer say
Discover what our customers have to say about their experiences with us. Hear from those we've assisted in making their property and financial dreams a reality, and see how our commitment and expertise have made a difference.
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Understanding Your Mortgage Options
Moving home presents a perfect opportunity to reassess your mortgage options. Whether you're upsizing, downsizing, or relocating for work, it's essential to understand the different mortgage products available. From fixed-rate to variable-rate mortgages, each option has its own set of benefits and potential drawbacks.
When moving, consider consulting with a financial adviser to explore remortgaging possibilities. This can help you secure a more favourable rate, reduce monthly payments, or release equity from your current property. An advisor can guide you through the complexities and ensure you make the best financial decision for your new home.
Call us on 0333 207 0522 or arrange a call back below.
Shaun was very helpful and knowledgeable and did all he could for us, nothing was to much trouble would sincerely recommend Mortgage Wise even though we didn't use them at this time
Alliah M.
Re- Mortgage Loan
Budgeting for Your Move
Creating a detailed budget for your move is crucial to avoid unexpected expenses. Moving costs can quickly add up, including removal services, packing materials, and potential storage fees. Factor in additional costs such as utility deposits, cleaning services, and any necessary repairs or upgrades to your new home.
A well-planned budget can ease the financial strain of moving. Consider setting aside a contingency fund to cover any unforeseen expenses. Careful financial planning ensures a smoother transition and helps you stay on track with your overall financial goals.
FAQs
Here, we answer the most common questions about our financial services to help you make informed decisions. If you need more detailed information, our expert team is always available to assist.
Remortgaging involves switching your existing mortgage to a new lender or deal without moving home. It typically aims to get a better interest rate, reduce monthly payments, or release equity. The process involves applying for a new mortgage and using it to pay off your existing one.
The best time to remortgage is usually when your current mortgage deal is about to end, typically before the end of a fixed or discounted rate period to avoid reverting to the lender's higher standard variable rate (SVR). It’s also beneficial to remortgage if interest rates have dropped, your property value has significantly increased, or you need to borrow additional funds.
Remortgaging can involve various fees, such as early repayment charges (ERC) on your existing mortgage, valuation fees, legal fees, arrangement fees for the new mortgage, and any broker fees if you use a mortgage broker. It’s important to consider these costs when calculating the overall benefit of remortgaging.
The amount you can borrow depends on factors like your property's value, your income, existing debts, and the lender's criteria. Generally, lenders will offer up to a certain percentage of your property’s value, known as the loan-to-value ratio (LTV), and will assess your ability to repay based on affordability checks.
Benefits of remortgaging include lower interest rates, reduced monthly payments, releasing equity for other financial needs, and switching to a more suitable mortgage product. However, risks include incurring fees that outweigh the savings, extending the mortgage term which could increase the total amount paid, and the potential for higher interest rates if you don’t lock in a good deal.
Find your mortgage solution
We compare over 90 mortgage providers to get you the right remortgage.
Call us on 0333 207 0522 or arrange a call back below.
The Impact on Your Credit Score
Moving home can affect your credit score in several ways. Applying for a new mortgage or loan can result in a temporary dip in your credit rating due to the hard enquiries made by lenders. Additionally, your credit utilisation ratio may change, impacting your score.
It's important to monitor your credit report during this period. Ensuring all your current bills are paid on time and avoiding significant new credit applications can help maintain your score. If you're concerned about the impact, consulting with a financial adviser can provide strategies to mitigate any negative effects on your credit.
Protecting Your New Investment
Your new home is likely one of your most significant investments, and protecting it should be a priority. Home insurance is essential to safeguard against potential risks such as theft, fire, or natural disasters. Evaluating different insurance policies to find the right coverage for your needs can provide peace of mind.
Additionally, consider life and income protection insurance to cover mortgage payments in case of unexpected events such as illness or job loss. A comprehensive protection plan ensures that you and your family are financially secure, regardless of what the future holds.
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Our guides
In our our Guides section, you’ll find valuable resources to help you with various financial and property-related decisions. Whether you’re buying your first home, managing bad credit, exploring buy-to-let opportunities, or consolidating debt, we have the information you need. Our guides also cover topics like home improvements, interest-only mortgages, and remortgaging, providing you with the knowledge to make informed and confident choices.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage. Some buy to let mortgages are not regulated by the Financial Conduct Authority.
