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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Hannah
The whole team at UK Moneyman have been so friendly and helpful, whilst also providing an excellent service and securing me a mortgage offer really quickly. Even when there were questions and changes, they went over and above to help and always came...
Sarah
Fantastic service from Tom Bowes
Brooke
Excellent service, great communication & highly professional
Khristopher
Malcolm and Meghan did a great job with my application which due to a chain breaking down had to be done for two different properties, was kept informed throughout and they made me aware of changes in the market i didn't know about. Would...
Hilary
Matt and Wendy worked tirelessly and creatively to reach a great mortgage outcome for me in what was a less than straightforward journey. The commitment and advocacy was fist class and communication, always excellent. Matt really earned his broker...
Nina
I'm very happy with the services UK Moneyman have been providing during my buying process so far. I'm a first-time buyer so it was very important to me to have a mortgage broker who could answer all my questions in a timely and...
Stuart
Great team who works to get you exactly what you need, they made the whole process smooth and painless, so I would highly recommend them.
Danielle
I honestly couldn't have asked for a better service with UK Moneyman! I have been working with Charlie and Wendy! They have been SO helpful throughout the whole process and so supportive, never a hassle for them when I've been bombarding...
Clair
Informative, friendly, helpful and efficient service.
Katie
Really glad I went with UK Moneyman for my first mortgage, explained everything to me so well and was always on hand when I needed them as I work long hours at weekdays so having appointments on the weekends was so helpful for me, would definitely...
Natalie
Tom and Chloe were super helpful with our first time mortgage. We had a couple of properties fall through but Tom was there to help and guided us through the whole process.
paul
I think anyone would have difficulty finding a more helpful and friendly Financial Advisor. We used them to find a suitable later life mortgage and their effort and persistence in the face of some difficulties (caused by our particular...
Anonymous
Good advice and a professional hand both made the process seem effortless. Full marks for a service and result!!
Christopher
Wayne and Paula have been very helpful in helping me purchase my first house would highly recommend them to anyone wanting a mortgage advisor! Wayne was also very flexible with time as I have very odd working hours and worked out a time for phone...
Carol
Excellent service, Tom and Lynsey were responsive and extremely helpful including in resolving issues of transferring the offer to another property when the seller of the first property I was buying pulled out.
Marco
It's the 3rd time I've dealt with the team at UK Moneyman, as before they have been informative, punctual, detailed and a pleasure to deal with. I couldn't reccomend them more highly.
Suzanna
Excellent communication from start to finish. Highly recommend.
Rasheda
Very friendly and provided all the information I needed.
Pauline
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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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
