The Main Reasons Why People Move Home

Are you considering moving to a new home?

There are several reasons why homeowners make the decision to move; one of the most common reasons is the need for a different size property.

Families often accumulate belongings over time, and as their children grow up and need more space, they find themselves in need of a larger home. On the other hand, retirees or separating couples may want to downsize to a smaller property.

Exploring Other Options

If you already own a property, you may want to explore other options to create more space without moving.

For example, raising capital via a remortgage for home improvements to build an extension, converting a garage into a home office or gym, or even converting the loft. These types of improvements can add value to your home when you decide to sell it in the future.

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Family Factors

Another reason homeowners move is to find a better area or more affluent neighbourhood. The quality of schools available in the area is also a major factor for families.

Lastly, some people choose to move closer to friends or family, especially when starting a family.

Our Mortgage Service

Leaving behind your first home can be an emotional decision, but we are here to help you explore the pros and cons of moving and taking out a new mortgage versus a remortgage for home improvements.

Our mortgage advisors can calculate your maximum borrowing capacity and provide a quote on monthly payments to help you make an informed decision.