Subsequent Buyer

As someone who is moving house that already has a mortgage it is still important that you have the right advice as the mortgage market is constantly changing. We will compare your existing lender with the rest of the market place and also ensure that there is no early repayment charge to pay by leaving them.

Many people believe that their existing lender will give them the best deal for being loyal to them. This is not usually the case in fact sometimes you are penalised for being ìlazy.î Remember they may have agreed to lend you the money but they have also been charging you interest. You owe it to yourself to be selfish and find the best mortgage deal for you and that is where we come in. If your existing lender is coming up with the best deal for your needs then we will of course advise you of this. There are still hundreds of different mortgage deals and exclusive mortgage rates for second and subsequent buyers so it isnít just first time buyers that get all the savings. You too can qualify for free surveys and small cashbacks etc.

You may find it useful to complete the budget planner to calculate your monthly budget for your next house as some lenders now work on affordability rather than income multiples. This will also help you to ensure that you donít over commit yourself. It is also important that you understand all of the options available to you by reading through the sections on types of rates and repayment methods so that you are able to make informed choices.