Moving Home

Moving Home

Whether you’re looking to gain more space, downsize, be closer to schools or relocate, Thomas Honour Mortgage Services is here to support you every step of the way.

Don’t let the complexities of finding a mortgage hold you back from moving home. Let Thomas Honour Mortgage Services take the stress out of the equation. Our dedicated team of mortgage experts is ready to help you navigate the mortgage market, find the most suitable deal, and secure your dream home.

Mortgage Advisors Brackley Northamptonshire

Our Home Mover Services:

  1. Tailored Mortgage Advice: At Thomas Honour Mortgage Services, we understand that no two homebuyers are alike. That’s why our mortgage advice is tailored specifically to your unique financial situation and homeownership goals. Our experienced advisors take the time to understand your needs, preferences, and budget constraints, ensuring that the mortgage solution we recommend is perfectly suited to you.
  2. Viewings Toolkit: As you embark on your property search journey, our comprehensive viewings toolkit equips you with valuable resources and insights to make informed decisions. From property checklists to a list of questions to ask during viewings and a copy of your personalised mortgage certificate, we provide you with everything you need to evaluate properties effectively and confidently during viewings.
  3. Negotiation Assistance: Securing the best possible deal on your dream home is our top priority. Our skilled advisors leverage their expertise and market knowledge to support you during the offer stage, to help you get the best price and stay within your budget.
  4. Instruct Solicitors: Navigating the legal aspects of property transactions can be complex, but you don’t have to go it alone. We’ll connect you with trusted solicitors who specialise in conveyancing, ensuring that all legal requirements are met smoothly and efficiently throughout the home-buying process.
  5. Instruct Surveys: When buying a property, it’s essential to assess the condition of the property thoroughly. We’ll help you arrange for professional surveys to identify any potential issues or hidden costs, giving you peace of mind and confidence in your decision.
  6. Protection & Insurance Advice: To safeguard your financial future, our experienced advisors provide comprehensive advice on insurance products and protection plans. From life cover to critical illness cover and income protection, we’ll recommend the right insurance solutions tailored to your needs, providing financial security for you and your loved ones.
  7. Paperwork Assistance: Dealing with paperwork can be overwhelming, but we’re here to simplify the process for you. Our dedicated team provides comprehensive assistance with all documentation requirements, ensuring that everything is completed accurately and submitted on time, minimising delays and ensuring a smooth transaction from start to finish.

Why Choose Us for Your Mortgage When Moving Home?

  1. Extensive Market Knowledge: Our mortgage brokers have years of experience in the industry and possess a deep understanding of the UK housing market. We stay updated with the latest trends, interest rates, and lender requirements, ensuring that you receive the most relevant and accurate information.
  2. Personalised Solutions: We understand that every home mover’s situation is unique. Our team of experts takes the time to assess your financial circumstances, preferences, and future plans to offer tailored mortgage solutions. Whether you’re a first-time home mover or have moved multiple times before, we are dedicated to finding the right mortgage for you.
  3. Wide Network of Lenders: As a trusted mortgage broker, we have established strong relationships with lenders across the UK. By accessing a wide range of mortgage products, we can maximize your chances of securing a competitive interest rate and favourable terms.
  4. Simplified Application Process: Our goal is to make the mortgage application process as smooth and stress-free as possible. We guide you through the entire process, from initial consultation to mortgage completion. Our experts handle all the paperwork and communicate with lenders on your behalf, saving you valuable time and effort.
  5. Ongoing Support: Our relationship doesn’t end once your mortgage is approved. We are here to support you throughout the life of your mortgage, providing ongoing advice and assistance as needed. 

Take the first step towards securing your dream home. Our dedicated team of mortgage brokers is ready to assist you throughout the entire home mover mortgage process. Contact us today to schedule a free mortgage call and discover how we can help you make a smooth transition to your new home.

Moving Home F.A.Q

Certainly! When it comes to porting your current mortgage there are several factors to consider. Porting a mortgage allows you to transfer your existing mortgage deal to a new property and retain your current interest rates.

Many lenders offer mortgage porting options, but it’s important to understand the requirements and limitations involved. Firstly, not all mortgages are portable, so it’s crucial to check with your mortgage broker if this feature is available for your specific mortgage product. Typically, porting is more common with fixed-rate mortgages, but it’s worth exploring options for other mortgage types as well.

To successfully port your mortgage, you’ll need to meet certain criteria set by your lender. These criteria typically include affordability checks, valuation of the new property, and meeting any outstanding terms and conditions of your existing mortgage. Additionally, your lender will assess whether the new property meets its lending criteria, including factors like location, property type, and condition.

It’s important to note that porting your mortgage doesn’t guarantee automatic approval. If your new property’s value is higher than your existing mortgage, you may need to apply for additional borrowing to cover the difference. This process is commonly known as “topping up” your mortgage.

To ensure a smooth transition and maximize your chances of porting your mortgage successfully, consider the following tips:

  1. Seek professional advice: Consult a qualified mortgage advisor or broker who can guide you through the porting process, assess your eligibility, and compare other mortgage options available in the market.
  2. Compare mortgage deals: Even if porting seems like a viable option, it’s advisable to compare mortgage deals from different lenders to ensure you’re getting the best possible terms and interest rates.
  3. Plan ahead: Start the porting process as early as possible, ideally before you put your current property on the market. This will give you ample time to gather the necessary documentation and ensure porting your current mortgage is viable.

In conclusion, while porting your mortgage when moving home is possible, it’s crucial to seek professional advice and plan ahead.

When it comes to selling your house before the mortgage term ends, it’s essential to understand the implications and potential challenges involved. At Thomas Honour Mortgage Services, our experienced mortgage advisors are here to provide you with the necessary insights and guidance to make informed decisions.

In some cases, you may have the option to transfer your current mortgage to the new property when selling your current house. This is known as ‘porting’ and can help you avoid early repayment charges and potentially save you money by retaining your current interest rate. Our mortgage advisors can guide you through the process to ensure a smooth transition.

If you do not have the option to port your current mortgage, you may need to repay the mortgage and incur an early repayment charge. These penalties are designed to compensate the lender for the lost interest if you pay off the mortgage early. The specific penalty amount can vary depending on your mortgage terms and the lender’s policies. Our advisors can help you review your mortgage agreement to determine the exact early repayment charge.

Before making any decisions, it’s crucial to consult with a professional mortgage advisor who can assess your specific situation. Thomas Honour Mortgage Services can help you understand the financial implications, evaluate any potential early repayment charges, and explore your porting options.

Yes, you can use the equity from your current home as a deposit to buy a new home. Equity refers to the difference between the market value of your property and the outstanding mortgage balance.

When you sell your current home, you can use the proceeds from the sale, the equity, as a deposit for your new home. 

It is, however, essential to consider a few key factors. Firstly, ensure that your current property has gained enough value to generate a significant equity amount. The larger your equity, the more funds you can allocate towards the new home.

Secondly, consult with a mortgage professional who can help you evaluate your financial situation and guide you through the process. They can assess the feasibility of using equity from your current home as a deposit and importantly ensure enough funds are allocated to cover the other associated costs such as stamp duty tax, estate agents fees and legal fees.

In summary, leveraging the equity from your current home as a deposit to buy a new home is a viable option and common practice.