Home movers
Wanting to move home? Considering upsizing? Wanting to downsize? Needing to increase your borrowing? Whatever your need, you've come to the right place. Here at SP Mortgages we will help you with your options. Moving home is an exciting time, our experts will guide you through the process. Here are some easy steps to get you started. Book a no obligation appointment with one of our advisers now.
Decision in principle
Although you may already have a mortgage, if you are moving home you will need to complete a mortgage application with your adviser here at SP Mortgages. We will review your current income and expenditure to advise you how much we will lend. This allows you to understand what mortgage amount you can use towards your purchase.
Deposit
When moving home, it is important to understand how much deposit you will have for your new property. This may solely be from the equity in your current property, or may include additional savings. The size of your deposit will affect the interest rate you will pay on your loan. A larger deposit will give you a better deal in most cases. Speak to an adviser for more information.
Income details
Gather your payslips, self assessment tax returns and business accounts. Your mortgage adviser will need to see your documents and understand your income. Also, gather together details of loans, credit cards and current mortgage payments. If you want to understand your full financial situation, complete an income and expenditure review before your meeting.
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