Moving Home
Ready to move up the property ladder? We'll help you every step of the way - from arranging your finance to liaising with estate agents and solicitors.
Helping your move go as smoothly as possible
Whether you've outgrown your current home, need to be in a certain school catchment, or simply fancy a change - there are plenty of reasons to move. Whatever yours is, we're here to make the financial side as straightforward as possible. We'll inform you of all the likely fees involved, identify your current position, calculate your required loan amount, and determine exactly how much you can borrow to make your move happen.
Speak to an advisorUnderstanding your position
Before you start searching for your next home, it helps to know exactly where you stand. Here's what we'll work through together.
- Find out what your current property is worth - speak to a knowledgeable local estate agent
- Calculate your equity (property value minus your outstanding mortgage)
- Establish your borrowing capacity based on income and commitments
- Work out likely monthly repayments on your new mortgage
- Factor in all costs to sell and buy
Not sure where to start?
Book a call with one of our advisors. We'll assess your position and tell you exactly what you can afford to spend on your next home.
Book a consultationNo obligation. FCA regulated advice.
Most of your deposit may come from your equity
When moving home, your deposit typically comes from the equity built up in your existing property - the difference between what your home is worth and what you still owe on the mortgage. Generally, the more equity you have, the lower the risk for the lender - and the more favourably they'll look at your application. A larger deposit also unlocks better interest rates.
Working out what you can borrow
Lenders assess a range of factors to determine the size of loan they'll offer - here's what they look at
Income assessment
We analyse your income - whether employed, self-employed, or a combination - to establish your baseline borrowing capacity.
Commitments & outgoings
Existing debts, credit commitments, and regular outgoings are all factored in to build a realistic picture of what you can afford.
Credit history
Lenders check whether you've kept up with repayments on time. A strong credit history improves both your eligibility and the rates available to you.
Deposit & equity
The equity from your current home forms the basis of your deposit. The larger the deposit, the better the mortgage terms you can access.
Mortgage term
How long you borrow over affects your monthly repayment and total cost. Your age is also factored in when determining the maximum term available.
Ready to take the next step?
Whether you're just starting to think about moving or you've already found your next home, our advisors can help you understand your options and get your finances in order.
FCA regulated · No-obligation advice · Access to many lenders