Smooth Your Next Home Move: Expert Mortgage Advice

There is not a simple answer to this as there are many variables at play, from estate agency & solicitor fees to stamp duty and removal costs. To learn more about what to expect along with some additional hints and tips, check out our Learning Centre (https://www.beechwoodmortgages.com/learning-centre/categories/key-support-for-home-movers)page Moving Home Tips.(https://www.beechwoodmortgages.com/post/moving-home-tips)

At Beechwood, we always provide a free consultation and promptly disclose any potential charges for our services. We now offer complimentary support to the majority of our customers, terms and conditions apply.(https://www.beechwoodmortgages.com/about-us/fees) This is important as any mortgage brokers will charge for their services, which could be upfront or due upon completion—or sometimes both. Therefore, it's crucial to compare options. Check our Fees page (https://www.beechwoodmortgages.com/fees)for a full rundown on broker fees. You can also visit our page Do All Mortgage Brokers Charge Fees? (https://www.beechwoodmortgages.com/post/do-all-mortgage-brokers-charge-fees)for further information.

No, not all mortgage brokers charge fees. As a mortgage broker, we earn our fee from the lender, so in most cases you don't have to worry about paying any additional fees for our assistance. We are committed to helping you find the best mortgage deal without adding any financial burden. Our goal is to make the mortgage process as transparent and cost-effective as possible for our clients. Check out our article Do All Mortgage Brokers Charge Fees? (https://www.beechwoodmortgages.com/post/do-all-mortgage-brokers-charge-fees)for a complete rundown on broker fees and what to look out for.

The amount you can borrow will depend on various factors including your income, credit score, employment history, and existing debts. Our mortgage brokers will work closely with you to assess your financial situation and determine the maximum amount you can borrow. Beechwood Mortgages has access to a wide range of lenders, allowing us to find competitive rates and flexible terms that suit your specific needs. Additionally, we offer personalised assistance throughout the entire moving process, providing guidance and support to help you secure the best financing option for your next home. For more detailed information around mortgage affordability, check out our articles Mastering Mortgage Affordability (https://www.beechwoodmortgages.com/post/mastering-mortgage-affordability)and How Much Can I Borrow?(https://www.beechwoodmortgages.com/post/how-much-can-i-borrow)

You may want to keep your current home and rent it out. In this situation, it may be possible to port your existing mortgage to your next home. However, you will need to repay the mortgage on your current property, and this could be achieved with the support of a ‘Let to Buy Re-Mortgage'. To learn more about your options check out our helpful article, Let to Buy Mortgages, Move Without Selling Your Home Explained.(https://www.beechwoodmortgages.com/post/let-to-buy-mortgages-move-without-selling-your-home-explained)

You can either engage with a mortgage broker or speak with your bank / building society. Click here (https://www.beechwoodmortgages.com/post/why-should-i-use-a-mortgage-broker)for full details of how a mortgage broker operates and the added value they bring. To get started now provide your basic details securely via our Client Portal (https://www.clienthub.org.uk/?id=433)and we'll do the rest.

In many cases we can provide an Agreement in Principle (https://www.beechwoodmortgages.com/post/understanding-mortgage-agreement-in-principle-a-guide-for-home-buyers)(AIP) within 24 hours - once we understand your situation and requirements, have sufficient documents (https://www.beechwoodmortgages.com/post/mortgage-application-document-checklist)from you, we can then organise an AIP very quickly. Outside our normal office hours of Mon-Thu 9am to 5.30pm, 5pm on Friday's? No problem, simply provide your details securely via our Client Portal (https://www.clienthub.org.uk/?id=433)- just register an account and away you go! We'll then be sure to connect with you as soon as we're back online.

Yes, subject to status and a new affordability check, you may be able to port your mortgage (https://www.beechwoodmortgages.com/post/from-here-to-there-tips-on-porting-your-mortgage-when-moving-home)and borrow more with your current lender. The additional loan will, however, be a new loan contract and there is a strong chance that it will end at a different date to your existing loan – this can then make things somewhat complicated in the future. You may have to pay an additional fee for taking out a higher mortgage or enter another mortgage deal at a different interest rate. To ensure porting is the best solution for you our team will evaluate other mortgage deals that may cover your entire mortgage at lower rates. We will provide insightful advice on whether you should stay with your current deal or enter a new agreement with another lender. Check out more helpful 'moving home' hints and tips in our Learning Centre(https://www.beechwoodmortgages.com/learning-centre/categories/key-support-for-home-movers)

You can do but working with a mortgage broker (https://www.beechwoodmortgages.com/post/why-should-i-use-a-mortgage-broker)has many benefits. Whether the right advice is to stick with your current lender or not, a broker will consider all options whilst, more importantly, offering you a reliable / accessible single point of contact throughout your move.

When you sign up to a special deal (fixed / discounted rate) your lender is likely to lock you into early repayment charges – these charges usually run for the special period you’ve signed up to and means there will be a penalty charge if you exit the deal early. Are you moving home and unsure what to do?? Check out our article Tips on Porting Your Mortgage When Moving Home.(https://www.beechwoodmortgages.com/post/from-here-to-there-tips-on-porting-your-mortgage-when-moving-home)

A mortgage broker will do the leg work for you, offering in-depth knowledge of the property lending market, helping you overcome challenges, and offering exclusive access to a database of banks and building societies. What's more, they offer a level of support that streamlines the entire moving process. You can learn more by visiting our article, Benefits of Working with a Mortgage Broker.(https://www.beechwoodmortgages.com/post/benefits-of-working-with-a-mortgage-broker)

Some mortgage deals are not portable from the start. In other cases, your lender may choose to decline your request to port your mortgage when purchasing a new home. Your lender can decline your porting application because of the following factors: 1. Changes in your financial position. When you apply to transfer your mortgage to another property, your lender will undergo a new affordability and credit check. If there have been any changes to your income / expenditure or your credit score is lower than when you started the deal, your lender may not accept your application. 2. The new house is not suitable for your lender. When you apply to port a mortgage, your lender will undergo a valuation of the new property. If they have any concerns with the property they may not offer a new mortgage. To learn more about the porting process check out our page From Here to There: Tips on Porting Your Mortgage When Moving Home(https://www.beechwoodmortgages.com/post/from-here-to-there-tips-on-porting-your-mortgage-when-moving-home)

Yes, providing you are employed on a permanent basis then most lenders will be fine with this. Some will also ignore any probation period.

The lenders valuation is not a survey, it is simply a process where the lender will check that the property’s valuation / selling price is an accurate reflection of the current market before they approve your mortgage. The majority of lenders now offer their valuation free of charge, although there are still some exceptions to this. You SHOULD NOT rely on the lenders valuation as it is merely for their own benefit, not yours - to understand your options you may find our article Should I Arrange A Survey (https://www.beechwoodmortgages.com/post/should-i-arrange-a-survey)helpful.

This will depend on the purchase price but, generally speaking, yes. Check out the latest stamp duty rates for residential property HERE.(https://www.gov.uk/stamp-duty-land-tax/residential-property-rates) You may also find our article What Fees Will I Pay And When (https://www.beechwoodmortgages.com/post/buying-a-property-what-fees-will-i-pay-and-when)helpful too.

This will vary from one solicitor to the next – as a general rule of thumb you should expect to pay around £1200-1500 to purchase a property and then £1000 or so if you are selling your current home. (is likely to be more if you are purchasing a leasehold property)