We are now accepting mortgage applications for residential purchase and remortgages to up to 90% loan to value (LTV) in our operating area and up to 85% elsewhere (75% in London & SE England)
Moving home is a big step and there’s a lot to consider. Getting the right advice about a mortgage early in the process is one of the best things you can do. Knowing what you can afford is likely to influence which property you choose, and the last thing you want is to find your dream home and then discover you can’t buy it.
Book an appointment with one of our mortgage and protection advisors and they’ll talk through the numbers and offer practical advice to help you plan your move.
The amount you can borrow depends on your income, outgoings and individual situation. You can get an idea of what you could borrow with our mortgage calculator, but for more detailed figures speak to one of our mortgage and protection advisors.
On top of any deposit you may be putting down you’ll need to consider the other costs that come with moving home.
You’ll need to factor in estate agency costs for the sale of your present home, and add conveyancing and Land Registry fees for the legal work involved. There may be costs associated with taking a new mortgage such as valuation and arrangement fees, and if you’re buying over £125,000 you will have to pay Stamp Duty Land Tax.
Removal firm costs need to be budgeted for unless you’re doing it yourself, and it’s always wise to plan for any large purchases that you need to make in the first few days after moving in. Remember, if you’re leaving a home with built-in kitchen appliances and there isn’t any in your new home you could have a large bill just when you don’t need it!
If you're an existing mortgage customer, you may be able to transfer your current mortgage rate from one property to another, known as porting.
Alternatively, you might want to consider applying for a new mortgage rate with us from our current range. This might be more appropriate if you're on our standard variable rate or if your current deal is coming to an end.
Book an appointment with one of our mortgage and protection advisors for more information.