Home Mover Mortgages

Mortgage Broker Sussex

Independent Mortgage Brokers in Sussex

Home mover mortgages

There are various life events that initiate us to consider moving home throughout our lives, this could be:

  • Raising a family
  • Changing school, requirement to be in a school catchment area
  • Employment change
  • Downsizing

These situations shall alter your financial position, therefore its vital to review all your options to capitalise on the very best the mortgage market has to offer.

Humans can be creature of habit, if you’ve experienced a good service from your existing lender then it’s understandable to want to go back and see if they can assist you in the new move.

However, the mortgage market is complex, mortgage deals are constantly launched and withdrawn, therefore your current lender may not be able to offer you the very best deals for your circumstances.

Using a mortgage broker like Transparent Mortgage Services gives you access to a much broader range of mortgage products. If you decide to go direct and don’t get your application approved, you may waste precious time contacting alternative lenders to try to secure your new mortgage and this could result in missing out on the property you wish to buy.

Your Insurance & Protection requirements

If you move home, you will have a new home insurance requirement specific to the new property. Moving home often ties in with a life changing event, there could be other areas that now require attention, if you have recently got married, had a child but don’t have life insurance, you may want to ensure your loved ones are protected.

Planning ahead

Where do you want to be in 2,5, 10 or 20 year’s time?

If you’re moving home because you’ve just had a child, you may want to be in that house for the next 18 years taking into consideration localities of schools, or you may see yourself having several more children and requiring more space and need to upsizing in the next few years.

The point is that thinking strategically about where you need to be can drive your decision making and ensure whether unnecessary costs can be avoided. It should also tell you which features you need in your mortgage to meet your long-term plans.

At Transparent Mortgage Services we don’t just punch your details into a search programme and obtain you the cheapest mortgage deal, our service is personalised and we know that asking strategic questions helps us design your mortgage requirements tailored to your needs, not only initial needs but also planning for the future, this is imperative to avoid unnecessary costs.

Authorised and regulated by the Financial Conduct Authority.

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Our Approach

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Step 1: Let's talk!

No two mortgages are the same and they shouldn't be treated as such, so the first step is having a conversation to discuss your current situations and personal circumstances, we will get an understanding of what you are wanting to do and how we can assist to make it happen. This can be in person, virtual ,over the phone or by email whichever is easier for you.

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Step 2: Researching the right mortgage for you

We are independent, that means we review all mortgage lenders, we do the running around to find you the very best mortgage product to fit your needs and circumstances. We are also regulated by the Financial Conduct Authority.

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Step 3: Presenting the results of our research

We shall arrange a follow up appointment, usually a telephone or zooms call to present our findings. We shall give you a mortgage proposition, explain the mortgage product and cover any questions you may have.

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Step 4: Pre-approved

Once your lending potential has been assessed, you will be provided with a ‘decision in principle’ or a ‘mortgage in principle’ document. This document doesn’t mean that you have been granted a mortgage, but it is a statement confirming than a lender is willing to lend to you based on your credit score, and pending the receipt of the relevant paperwork. Armed with this document you are in a great position to make an offer on your chosen property.

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Step 5: Application

If good news prevails and your offer is accepted by the seller, your official mortgage application process can begin. Your specialist mortgage broker will conduct a pre application summary appointment, confirm the mortgage to be applied for and prepare a mortgage protection recommendation for you. You broker will manage the whole process for you and only contact you if they need to during this time.  A hard credit check will now show up on your credit record and your personal information assessed in detail.

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Step 6: Closing the Deal

If everything is in order and no problems are encountered during the valuation and application process then you should go on to receive your official mortgage offer. If you accept the offer then you need to instruct a solicitor to act on your behalf and undertake the conveyancing process for you. If you and the seller are happy, the solicitor will then manage the proceedings from here-on in. Once contracts are exchanged and a completion date in place, the property will be yours to own!