When you’re ready to move up the property ladder or if you’ve found your dream home, you will want to be sure you have the right mortgage in place to proceed.
At AJM Financial we can use our extensive experience and market knowledge to find the most suitable mortgage option for your new home. You might simply want reassurance that transferring your existing mortgage is the best choice.
Moving to a new house is the ideal time to review the mortgage options available to you. As a whole-of-market mortgage broker we can review the most suitable deals before we make recommendations that will meet your needs for the short and medium term.
Keeping things simple
Dealing with multiple lenders and their call centres can be stressful, so we aim to keep everything simple.
At our first meeting we’ll discover the details of your financial position so that we can give you advice about a mortgage and protection package to suit the needs of you and your family.
Things to think about
If ‘porting’ or moving your existing mortgage to your new property is a good option for you, you will still need to reapply and go through a similar process with your lender to confirm that this will be affordable, especially if you want to increase the amount you borrow*.
If your financial circumstances have changed because you have a different job, have become self-employed, or have started a family, you could find it more difficult to obtain the same rates.
If a new mortgage with a new provider offers a more competitive deal you might need to pay early repayment charges and other fees, as well as set up fees for your new mortgage.
For a fixed-rate mortgage, the early repayment fee could be between 1% and 5% of the amount you have left to pay, depending on how much of the mortgage term remains. Some tracker mortgages also have early repayment charges.
If you have a standard variable rate (SVR) mortgage you can probably move to a new mortgage without any early repayment charges.
We can give you advice about how fees and charges could affect you.
* Think carefully before securing debt against your home, your home may be repossessed if you do not keep up repayments on your mortgage.