Buildings & Contents Insurance

Terms of our services




UK Mortgage Lenders

 

Home Mover

The Home Mover should: -

  • Attempt to sell their current home first.

  • Have a conservative view on how much profit they will make from the sale, which will form majority of the deposit for the new property. You don't want to find at a later stage that you have to borrow more and are unable to do so.

  • Consider stamp duty, legal, survey and removal fees when you are working out how much you have for a deposit.

  • Complete our budget plan (be honest as it saves a lot of pain later) to work out how much you really can afford per month for mortgage repayments.

  • Once you have an idea of the amount you can afford, calculate the monthly repayments for the properties you had been considering using our calculator.

  • If these repayments seem high, then adjust the loan amount to see how much you should be borrowing.

  • Remember, the percentage of the loan amount is the percentage of the lower of the value of the property or the purchase price.

 

 





 

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Your home may be repossessed if you do not keep up repayments on your mortgage.


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