Moving Home Mortgages in Kent

The majority of mortgages are ‘portable’. Therefore, you may find that you can transfer your current mortgage to a new property in Kent.

This option means that you will need to reapply for that deal. In some cases, your circumstances may have changed meaning you can no longer qualify and you will be required to run through credit card checks again.

When it comes to moving home in Kent, there will be a lot more costs involved than what a first time buyer would have.

Some of these costs include estate agency fees, property survey fees, mortgage arrangement fees, solicitor fees, removal fees and mortgage broker in Kent fees.

Through our experience providing mortgage advice in Kent, it’s rare for us to encounter a situation we haven’t come across in the past which means we will be able to provide the appropriate support to help you through the process.

Within the moving home process, your legal representative will need to pay off your outstanding mortgage in full with the help of the proceeds of the house sale.

After that, you will need to begin a new mortgage for a new property purchase or your lender may give you the option to port it.

In some circumstances, you could pay off your mortgage in Kent in full whenever, however, you need to make sure your lender allows this and you know any early repayment charges that may come with it.

If you are in your introductory, discount or fixed mortgage period, the majority of mortgage lenders will allow annual overpayments of 10% of your mortgage balance per year.

Individuals who are on a standard variable rate may be able to pay that little bit more.