Whilst it is widely believed that moving home in Canterbury may potentially be one of, if not the most stressful experience you'll ever go through, this doesn't always have to be the case. With a mortgage broker in Canterbury by your side, you'll benefit from reduced stress levels and a much easier process. If you are currently looking at moving home in Canterbury, it is always recommended that you obtain a mortgage agreement in principle ahead of looking to make any offers on other properties. Having this to hand will show you the maximum amount that you are able to borrow for a mortgage on your new home, roughly what your monthly mortgage payments may be, and gives you and the seller the confidence that you are able to proceed once it comes to making an offer.
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Typically speaking, if you have obtained an agreement in principle, that document will last somewhere within the realm of 30-90 days. If this runs out before you make any offers, get in touch with your mortgage advisor in Canterbury and they'll be able to get this refreshed for you. If you find that you are currently fixed in on a fixed rate mortgage, we are able to contact your current mortgage lender on your behalf, to see if you would have the option to potentially "port" your existing mortgage deal to your new home, without any type of early repayment penalties being applied. By taking on the assistance of a mortgage broker in Canterbury, you'll hopefully be much less stressed, with less to worry about whilst you focus on finding your new home and sorting out the home move.
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To answer this in short, the standard answer is yes, there are a lot of mortgages that are 'portable'. This means you may potentially be able to transfer your existing mortgage onto a new property that you move to. If we look at it on a technical level though, you will be basically reapplying for that deal. In this case, if any of your circumstances have changed during that time, then you may no longer qualify for it and you will need to undergo further credit checks.
You'll have to be wary that there will likely be quite a lot of costs involved in moving home in Canterbury, more so than you may have faced when you were a first-time buyer in Canterbury. These can include, but are not limited to; estate agency fees, solicitor’s fees, removal fees, property survey fees, mortgage arrangement fees and mortgage broker in Canterbury fees.
When you decide to move home, your legal representative will have to use the proceeds of the sale of your now old home, in order to pay off the full remaining mortgage balance. From there, you will either need to apply for a new mortgage on your new home in Canterbury. Alternatively, if your mortgage lender will allow it, you may not need to pay off your old mortgage, instead porting it with you to the new property.
Depending on what your mortgage lender says and the application of any potential early repayment charges, you may have the option of paying off parts of your current mortgage in Canterbury at any point in time. The vast amount of mortgage lenders will only allow you to overpay an annual limit of 10% of your mortgage balance on a yearly basis, if you are still currently in your introductory, discount or your fixed mortgage period. If you happen to be on a standard variable rate at the moment you may have the option of paying more than this amount. Speak to your mortgage lender to see how much you are able to overpay.
We offer a flexible service, working around your busy work and family life in Canterbury. We're always here when you need us.
Absolutely no fees upfront, we are only paid upon results, when you obtain your mortgage in Canterbury!
From our hard working mortgage administrators, to our professional mortgage advisors in Canterbury, you'll always know who you are working with.
Getting a mortgage in Canterbury can be a rather daunting prospect. We’ll guide and support you every step of the way.
We'll recommend to you any appropriate insurance products, allowing you to remain at home in Canterbury, in the event you become seriously ill or unable to work.
As an open & honest mortgage broker in Canterbury, we can search for the best deal for you, saving your time and your money.
There likely aren't many situations we haven't come across in the past, your mortgage advisor in Canterbury will understand your needs as a home buyer.
When you book in for mortgage advice in Canterbury, we'll help you overcome any mortgage hurdles, such as property survey and valuation problems.
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Suzanna
Excellent communication from start to finish. Highly recommend.
Rasheda
Very friendly and provided all the information I needed.
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Very pleased with Allen’s professionalism , he was able to answer all my questions to my satisfaction
Paul
Excellent experience all around, used for two mortgages and will use again
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Absolutely brilliant both Matt & Stacey. Really clear with us what our options were. Will use again when i need to find another mortgage.
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Excellent service from both Leo and Meghan who we feel went above and beyond to help us get our first mortgage, even when faced with some very unforeseen changes! They made the whole process extremely easy and understandable. We have already...
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Excellent service from the team, were very informative throughout the process even when we had to swap the house we were purchasing resulting in a new mortgage application.
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Excellent service from Wayne and Stacey. Wayne took time to explain everything and reran mortgage calc a number of times as my property search went on which was much appreciated. Stacey was also extremely helpful, informative and quick to respond to...
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Megan and Wayne have been great throughout. Both really easy to work with and on top of things at every step of the process. Thanks a lot.
Anonymous
Excellent service by Malcolm, Paula & Meghan. We completed our purchase last week in what was supposed to be a very difficult case due to my bad credit and limited trading history as a director of LTD company. UKmoneyman dug out a lender that...
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Very good service received. Wayne is very knowledgeable and helpful especially with me been a first time buyer. Also very accommodating with timings and I was able to have chats later on a night to fit my schedule. Very supportive all the way...
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So far so good ! The first point of contact was lovely, made me feel at ease and very knowledgeable.
Callum
Absolutely fantastic service from the start, in helping getting a mortgage. Charlie always replied to my messages as quickly as possible and was very clear, thorough and calming through the whole process, cutting out a lot of worries had I not used...
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Great help from the team, helped find exactly what we were after, and was an easy straight forward process. Being self employed it can be tricky however there were no problems with the help and advice we received.
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UK Moneyman Limited is Registered in England, No. 6789312
Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
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UK Moneyman Limited is Registered in England, No. 6789312
Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
