Buying a home can be a stressful time, but it shouldn’t be!
People move home for all sorts of reasons; A growing family needing more space, a location change or looking to buy that forever home!
Founder & Managing Director
Expanding your family or simply outgrown your current family home? A growing family needs more space!
Moving to a new location for work, retirement or simply a lifestyle change?
Looking to buy something more appropriate now that your children have left home?
It’s important when you want to move home to know where you stand...
- How much can you borrow?
- How much would that cost you each month?
What would the costs be such as:
- Estate agent fees
- Solicitor costs and stamp duty
- Is there an early repayment charge with your current lender?
- Could porting your mortgage could be a better option, compared to taking out a new mortgage with a different lender?
Easy Mortgages can help you answer all of these questions and take care of this process for you.
Consult with an Advisor
We will assess your requirements and find the right mortgage for you. 2. Protection – An essential not an extra, to ensure you are covered in the event of death, critical illness, or loss of income.
Valuation
The lender will check the value of the property. You should also consider appointing your own surveyor for a more in-depth survey.
Exchange of Contracts
You are now legally committed to purchase the property.
Decision in Principle
Basic personal details will be submitted to the lender to see if you meet their terms. A European Standardised Information Sheet or Key Facts Illustration will be provided detailing everything you need to know.
Offer
Once the valuation has been approved the lender will produce an offer. Here your interest rate and other conditions will be formally provided.
Payment
Deposit is paid and the solicitor will finalise all mortgage arrangements. This is preceded by the payment of land registry fees and stamp duty.
Credit Searches / Application
Now it’s time to submit your mortgage application. Then the associated searches and credit checks will be completed by the lender as part of their approval process and before providing you with an offer.
Legal Work
The solicitor will then complete the pre-exchange of contracts including deciding on a completion date.
Payout
Additional payments will be paid to you via the requested method of payment if an equity release is also part of your remortgage strategy.
Completion - Enjoy!
Funds are transferred and the purchase is completed. It’s now time to pick up the keys!
Any type of mortgage application can be stressful and confusing, which is why we have made this step-by-step guide to support and inform you throughout the purchase process, any fees to expect and more.
% of purchase price.
Between £150 and £1,500 depending on the value of the property.
All lenders will insist a valuation is carried out on a property. It only confirms the property value; it won't assess any problems or need for future repairs. Valuations cost between £150 and £1,500 depending on the value of the property and level you choose.
Level 1: Basic Valuation / Level 2: Home Buyers Report / Level 3: Building Structural Survey
Level 1 is the only compulsory survey and usually free.
Costs £600+
The most comprehensive survey, essential for older or non-standard properties. Costs £600+. We will advise you as to which of the above we feel is the most appropriate option given your situation. Arrangement fees - Most lenders will charge either an arrangement or a booking fee when you apply for a mortgage. Some lenders will allow you to add the cost of the fee to the overall loan, which means you do not need to pay this upfront. However, you will pay interest on this fee during the term of the mortgage.
You will find one of the largest lending panels in the UK here at Easy Mortgages. We are part of the award winning Mortgage Intelligence Network.
We find the most suitable and cheapest mortgage for you, based on your personal circumstances and financial situation. With our guidance, every step of the journey is as straightforward as possible.
We have over 15 years experience in the industry. Let us do the heavy lifting for you!
Enjoying your new home while we take care of the rest.
With our extensive lending panel, finding the best deal for your circumstances is easy. As a reputable mortgage broker, we have the power to negotiate on your behalf and advocate for the best possible deal for you.
As our client, your satisfaction is our number 1 priority. Our mission is to ensure that you have the best deal and are never paying more than you should for your mortgage.
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In a 100% obligation free consultation, we conduct a review of your current mortgage deal, access your current situation, and map out the best way forward in your property journey.
Contact us anytime.
Easy Mortgages Limited is an appointed representative of Mortgage Intelligence Ltd which is authorised and regulated by the Financial Conduct Authority under number 305330 in respect of mortgage, insurance and consumer credit mediation activities only.
Registered address; 41 Agincourt Avenue, Gosport, Hampshire, PO13 8NU. Registered in England & Wales under number 13862954
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
We always aim to provide a high quality service to our customers. However, if you encounter any problems and we are unable to resolve them you can take your complaint to an independent Ombudsman. Our advice is covered under the Financial Ombudsman Service.
