Moving Home2024-05-14T09:02:41+00:00

Mortgage advice for moving home

Mortgage advice for moving home

It’s time to start looking for a new property that better suits your needs

All of us get to a point where our homes are no longer suitable for our current circumstances. It’s usually because there is not enough or too much space, but no matter what the reason is, this can be one of the hardest times that you will go through. But it’s also an exciting next step in your property journey.

Why is moving home stressful?

Well, you have a lot to do and a lot of people to work with. You need to:

  • Speak to an agent about selling your home
  • See lots of other agents and complete viewings to find your new home
  • Find a solicitor to help with the sale and purchase
  • Find a removals company
  • De-clutter and sometimes be ruthless about it
  • Mentally prepare for packing, especially all the stuff hidden in the loft!

You’ll notice one thing missing though and that’s how much you can get a mortgage for. I know it seems strange, but you would be surprised how many people go through all of the above and then ask how much they can borrow on a mortgage.

Understanding precisely how much you can borrow FIRST will make the whole process go that little bit smoother. Okay you still have to do all of the above tasks but at least you will know exactly what your price range is, how much it will cost, how long it will take and be fully prepared when it comes to making an offer on your new home.

Feel free to simply contact me for a no obligation conversation. Remember, all my advice is free of charge at every point of contact.

What we do

I pride myself on being up to date with regulation, legislation and the economic market. I work to understand your needs, match that to the requirements of lenders, and protect you and your dependants once you have bought your property.

This way, I can help you save time and money in the new world of mortgage advice.

Common Faqs

When I give you advice, I encourage you to continue asking any mortgage related questions. The more you understand the better we can help you. Below are some typical questions first time buyers ask us.

How can I check my credit score?2023-07-10T14:33:32+00:00

Your credit score has an impact on how much you could borrow. My advice is to improve that score where possible by clearing credit cards, shopping accounts and cancelling any unnecessary memberships. You can check you score with Checkmyfile*.

*Checkmyfile requires signing up to a 30-day free trial. You will not be charged if you cancel your free trial within the 30-day period. MK Mortgages receives a £12 commission for every free trial entered.


Can borrow more money when I move to a new home?2023-07-10T14:17:12+00:00

Yes, you can. Increasing your mortgage loan is called additional borrowing, but it may come in the form of a second loan, leaving you with two interest rates and two renewal dates. Ask for advice when moving home.

Can I pay off my mortgage and take out a new one to move home?2023-07-10T14:15:56+00:00

Yes, you can. However, if you choose to take a new mortgage for your new home, you may incur early repayment charges or exit fees. Make sure this is taken into account when researching your options.

What is porting? And does it cost me more?2023-07-10T14:18:05+00:00

Porting a mortgage means to move your current deal to a new property. Most lenders offer this as an option, but there may be some reasons you can’t. If you can port, and do not need additional borrowing, it is unlikely to cost you to move. Ask for fee-free, independent advice to find out your options and whether costs apply.

Does your no-fee mortgage advice limit my options?2023-07-10T14:13:56+00:00

Not at all. All mortgage advisers are paid a commission from the lender when we arrange a mortgage. I accept this to cover my costs and choose not to add a ‘mark-up’ cost to you. Paying for mortgage advice in no way opens the door to more lenders or products, and certainly cannot reduce your interest rates or monthly payments.

Contact MK Mortgages

Please use the contact form to get in touch. The earlier you start the process the better.

Marc Kavanagh is a non-fee charging, whole of market mortgage adviser, providing advice purely for your benefit.

I cannot recommend Marc and his team highly enough. They helped and supported me throughout the whole process of buying my first home and were always kind and professional.

Marc and Sooz made everything as simple as possible and went above and beyond to help. They were always there for guidance and to answer any questions, which was amazing as I was embarking on a process I had very limited knowledge about. I’m not sure I would have been able to do it without them!

E Brooks

Fantastic experience – Marc and Sooz have been outstanding from start to finish in helping guide me through the complex process of finding a suitable mortgage for a first-time buyer. Marc even helped guide me on what best/worst attributes to look out for when house hunting, and what kind of offers should be pitched to the vendors in the current market.

Other additional services such as mortgage cover were offered, but never pushed – which I appreciated.

Very easy to deal with and get in contact with when needed, professional at all times – Highly recommend MK Mortgages.

C Richards

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