Moving home can be complicated and stressful and the last thing you want to worry about is whether you will be accepted for a mortgage or not. At Three rivers Financial our team of experienced advisers will help you through the process of selling and buying your new home. This could involve finding a new mortgage provider or porting your existing mortgage across to the new property. Whatever the process you can be assured you are in capable hands
When selling your property its worthwhile getting a valuation from a reputable estate agent so you can get an idea of how much your property is worth. Then you can work out how much equity you have in your current property and how much deposit you then want to put down on your new property. If you also have a mortgage its important to find out how much you owe and if there are any early repayment charges on your current deal.
Before you look at buying your new home you want to be in proceedable position. This means your current house is on the market and under offer, you have worked out the cost of moving and you have a decision in principle on your new mortgage. Its important to get the decision in principle early in the process so you know you have been pre-approved for your new mortgage. This means you can sell your property with confidence knowing that your mortgage on your new purchase is already taken care of.
When selling and buying a new property its important to consider the fees involved in selling your current home and buying your new home. These could include the following: