Mortgages

Moving home

JML has years of experience helping buyers to move up or down the property ladder. 

Moving can be stressful – you need to think about selling your existing property whilst searching for your next dream home. But JML can take some of the stress away. We will manage all aspects of the mortgage process with a calm and personable approach. 

Finding you the most suitable mortgage

There are usually two options when moving home: 

‘Port’ your existing mortgage 

You might wish to transfer your existing mortgage to your new property, if your lender permits. This means you would keep your existing deal at the same rate and avoid paying any early repayment charges.  

If your new home is more expensive than your current property, you might only be able to port the amount owed on your current mortgage. So, you may need to take out a top-up loan on the remaining amount. Don’t worry if that sounds complicated – JML’s experts will be there to guide you every step of the way.  

Switch to a new mortgage 

You might take this chance to get a new mortgage deal that is better suited to your needs. Your existing mortgage will therefore be repaid using the proceeds from the property’s sale. There may be an early repayment charge for leaving your existing deal. Our knowledgeable advisers will help you understand any costs incurred.  

JML has access to the whole of the mortgage market. We will ensure all your options are thoroughly explored to help you make an informed decision. 

A hassle-free process

It can feel like there’s a lot of paperwork involved with a mortgage, but JML will take care of that for you, so you can focus on the other parts of moving. Our user-friendly client portal makes the experience smoother for you. All the information you need will be in one place, so you can stay fully updated with every stage of your application. 

Advising on other moving costs

Aside from a mortgage, there are other costs involved with moving home. This might include Stamp Duty, the cost of a conveyancer, a house survey and valuation fees. JML can advise on the specifics to help you budget. 

As a mortgage is secured against your home or property, it could be repossessed if you do not keep up mortgage repayments.
You may have to pay an early repayment charge to your existing lender if you remortgage.

Ready to discuss your options?
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