If you are thinking of moving house this step by step guide takes you through the house moving process, provides some helpful tips for moving house and explains how to apply for a moving home mortgage.
The House Moving Process
The house moving process itself is not complicated, but compared to buying your first home, the correct timing of all the steps is more important to ensure that both the sale of your home and the purchase of the new property run smoothly. Here's what you should consider when thinking of moving house:
- Selling Your Existing Home
When you are selling your existing home, you will usually employ both an estate agent and a solicitor. Find out what each does and what costs are associated with selling your home.
- Financing Your New Home
Once you have put a price on your existing home, you will know roughly how much money you will have left over after paying off the mortgage on your home. This sum can be used to help purchase your new home.
- Where to Find a Moving Home Mortgage
If the sale of your existing home is likely to produce a lump sum to use as a deposit for the new home, more mortgage options may be available to you. Read this article to find out where you can find a moving home mortgage and where to find advice.
- Finding and Securing the New Property
All about making an offer, having the house valued and surveyed and instructing a solicitor.
- Applying for a Moving Home Mortgage
Once your offer on the new property has been accepted and the valuation and survey have been completed, you're ready to apply for your moving home mortgage.
- Finalising the Sale and Purchase of Your Home
In most cases, both the sale of your existing home and the purchase of your new home will happen on the same day. Here's what you need to know about the final stage of the house moving process.
Peter Lewis Associates has been providing quality, professional mortgage advice for many years. We will make sure that the stress of moving house is kept to a minimum by helping you through the mortgage selection and application process.
If you require any further information then please call us 01295 277500.
A mortgage is secured against your home. This means that if you don't pay your mortgage every month, you might lose your house as the lender can repossess it.
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