Moving Home Mortgage

Repayment mortgages and interest only mortgages for those moving home

Many mortgages are for existing borrowers who are selling their existing property and moving to a new property. This may be due to just wanting to move up the property ladder or maybe due to relocation required with a change of job.

Borrowers who need to sell their property before they can buy a new property are in what is known as a chain. A chain requiring many different borrowers to sell their existing properties and buy new properties all at the same time can be frustrating, as the more people in the chain the more chance of one of the sales or purchases falling through and affecting everyone in the chain. Selling to a first Time Buyer or buying from a Buy to Let investor or the estate of a deceased person can be advantage as they will always be at the end of a chain.

With many mortgages being needed for those moving home most high street lenders offer their full range of repayment and interest only mortgages to those moving home, together with a full range of fixed, discounted, capped, and tracker interest rate options.

To search for the best home mover mortgage deal in the UK click here.

Your home may be repossessed if you do not keep up repayments on your mortgage. Memigo Money provides information but does not sell or provide advice on mortgages or their suitability. There may be a fee for mortgage advice; the precise amount depends on your circumstances.

For adverse credit mortgages the overall cost for comparison will vary, the actual rate available will depend upon your circumstances. Ask for a personalised illustration.

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