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Moving Home Mortgages in Luton

Discover the best mortgage options for Moving Home in Luton and make your move stress-free.

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Taking the Stress Out of Moving Home in Luton

When moving home in Luton, the process not only involves buying a new home but also selling your current one. As your mortgage broker in Luton, our job is to take all of this stress away, making your moving home experience much easier and simpler.

You will need to find a new mortgage for your new home and make arrangements for your existing mortgage product. Our job is to try and find you a mortgage product that saves you time and money, whilst matching your personal and financial situation.

Whilst you focus on the move into your new home, we can sort the mortgage arrangements!

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Can I port my mortgage when moving home in Luton?

In some cases when moving home in Luton, it may be possible to port your current mortgage over to your new property. This process involves transferring your existing mortgage to your new property, often increasing the total mortgage size.

If you are unable to do this, this is where we can help you find a mortgage deal for your new home. We do this by searching through 1000s of moving home mortgages in Luton; looking at both high street and specialist products.

If you want to find out whether you can port your mortgage to your new home in Luton, make sure to reach out to our team of mortgage advisors in Luton. We will assess your options and look at whether you could access a better deal by switching lenders. Everyone has a different situation, so make sure that you explore your options to make sure that you are finding a solution that benefits your circumstances.

Get Your Agreement in Principle in Luton

When considering moving home in Luton, it is vital to secure an Agreement in Principle (AIP) before viewing properties. This document, provided by a mortgage lender, gives you pre-approval for a mortgage and can potentially help with price negotiations.

As a mortgage broker in Luton, we can arrange an agreement in principle for you within 24 hours! Simply get in touch with our team and we will sort your AIP for you.

We strive to make the mortgage process hassle-free and seamless for our customers. Contact us now to start your journey towards homeownership in Luton.

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Moving Home Mortgage FAQs in Luton

What are the costs of moving home in Luton?

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Once you decide that you want to move home in Luton, you need to look at how much everything is going to cost. When compared to buying your first property, you may find that there are added costs to this process.

Remember that you are not only buying a new home but also selling your existing property, which comes with extra costs.

Moving into a larger property could also result in larger mortgage payments and stamp duty tax could be applied to your purchase.

The usual legal, property survey and broker fees also apply. These costs should be similar to your first home purchase.

If you want a full insight of the costs involved with moving home in Luton, we would be more than happy to give you a rundown.

What happens if you buy a house and want to move house in Luton?

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If you have recently moved house in Luton and want to move again, you may face an early repayment charge (ERC) if you’re still in your fixed mortgage period.

Depending on how much these fees are, it may be better to try and port your mortgage across to the new property. If this is not possible, you may need to pay the ERC and take out a new product on the property you’re buying.

But don’t worry, our team of skilled mortgage advisors in Luton can assist you in securing a mortgage for your new property. We have been helping customers for over 20 years now, we know exactly what to do to help!

Can you pay a mortgage off early in Luton?

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As a mortgage broker in Luton, we understand that some lenders may not allow you to pay off your mortgage early, while others may have an early repayment charge (ERC).

However, if you wish to take advantage of the current mortgage rates and pay off your mortgage sooner, we can help you secure a new mortgage product.

Our extensive network of lenders and access to exclusive deals allows us to provide a smooth and hassle-free mortgage process for those moving home in Luton.

Can I move my current mortgage to a new house in Luton?

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If you are planning to move home in Luton, it’s essential to know that every lender has their own set of requirements and may not offer porting options.

If you are unable to port your existing mortgage to your new home in Luton, you will need to secure a new mortgage.

As your mortgage broker in Luton, we have the knowledge and resources to assist you in this process and find the perfect mortgage for your new home.

It is always worth seeking moving home mortgage advice in Luton to get an idea of how the process works, how much you can borrow, your estimated monthly repayments and whether you can port your mortgage.

Reasons to Choose Us For Mortgage Advice in Luton

Availability 7 days a week

Our team of mortgage advisors in Luton are available 7 days a week to make sure that you can get in touch at a time that best suits you.

Free moving home mortgage appointment

You can speak with a mortgage advisor in Luton for free! Schedule a free callback or appointment online today.

5-star service

We've had the pleasure of helping 1000s of customers move home in Luton, we hope you are next!

Open and honest mortgage advice in Luton

We will never put you forward for a mortgage deal that does not suit your personal and financial situation.

Protecting you and your family

Your mortgage advisor in Luton will also recommend insurance solutions to safeguard against unforeseen circumstances.

We search 1000s of mortgage options in Luton

After taking a look at your personal and financial situation, we will try and find you a product that perfectly aligns with your situation.

20+ years experience

Our in-depth understanding of the local market enables us to provide tailored solutions for those looking to move home in Luton.

By your side through the whole journey

From start to finish, your mortgage advisor in Luton will be there to answer all of your questions and provide their support and guidance.

Our Customers Love Us

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Moving Home Mortgage Scenarios in Luton

I have bad credit, can I still move home in Luton?

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Moving home in Luton with bad credit can be challenging, but it is not impossible.

Many lenders are cautious about approving mortgages for individuals with a poor credit history due to the increased risk. However, there are still options available to help you achieve your goal of moving home in Luton.

One of the most viable options for those with bad credit is to seek out specialist lenders who cater to borrowers with adverse credit histories. These lenders understand that financial difficulties can arise and are more willing to consider applications from those with past credit issues.

As a mortgage broker in Luton, we are able to access 1000s of specialist mortgage products. We will help you find the perfect product for your personal and a financial situation.

I need to work out how much I can borrow, can we help?

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Determining how much you can borrow is a crucial step when planning to move home in Luton, and we are here to assist you every step of the way.

Several factors influence the amount you can borrow, including your income, expenses, credit score, and the type of mortgage you choose.

Our experienced mortgage advisors in Luton are here to provide personalised assistance. They will carry out a detailed affordability assessment based on your unique financial situation. By considering your income, existing debts, and credit history, they can give you a clear idea of how much you can realistically borrow.

If you want a quick answer, feel free to use our free mortgage calculators on our website. Bear in mind that this figure is only an estimation.

What should I consider when downsizing to a smaller home in Luton?

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When downsizing to a smaller home in Luton, the first consideration should be your specific needs and lifestyle requirements.

Think about the number of bedrooms, the layout, and any amenities that are important to you. Downsizing can often mean reducing the number of rooms or overall space, so it’s crucial to make sure that the new home still offers comfort and functionality.

Another key consideration when downsizing to a smaller home in Luton is the financial aspect. Downsizing can lead to significant savings, not only in the purchase price but also in lower utility bills, maintenance costs, and council tax.

However, it’s essential to factor in all potential costs, such as moving expenses, potential renovations, and any new furniture or storage solutions you might need.

Speaking with a mortgage advisor in Luton can help you understand the financial benefits and implications, ensuring you make an informed decision that aligns with your long-term financial goals.

Can I remortgage when moving home in Luton?

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Yes, you can remortgage when moving home in Luton.

Remortgaging involves paying off your existing mortgage and taking out a new one, often to secure better terms or release equity.

If you’re planning to move in Luton, remortgaging can be a strategic way to finance your new home purchase. This can help you secure a better interest rate, adjust the loan term, or switch to a different type of mortgage that better suits your current financial situation.

When considering remortgaging while moving home in Luton, it’s important to evaluate your current mortgage deal and any potential early repayment charges. Comparing these costs against the benefits of a new mortgage deal is crucial.

Speaking with a mortgage advisor in Luton can provide clarity on whether remortgaging is the best option for your specific circumstances, ensuring you make a financially sound decision that supports your move to a new home in Luton.

I'm moving home in Luton, I need mortgage advice

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If you are planning on moving home in Luton and you need to speak with an expert, don’t hesitate to get in touch with our team.

Moving home mortgage advice in Luton is available 7 days a week. Simply book a free mortgage appointment online and speak with one our moving home mortgage advisors in Luton today.

1000s of Moving Home Mortgages in Luton

Fleet Mortgages
Paragon Mortgages
TSB Mortgages
Halifax
Bluestone Mortgage Advice
BM Solutions Mortgages
Chorley Building Society
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HSBC
Nationwide
Skipton
Pepper Money
Mortgage Works
Coventry Building Society
Santander
Natwest Mortgage Advice
Hinckley and Rugby Building Society
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Accord Mortgages
Aldermore Mortgage Lender
Beverley Building Society
Kent Reliance
Virgin Money & Mortgages
Leeds Building Society
Scottish Widows
Foundation Home Loans

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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