In many respects, the home mover mortgage is the same as a standard mortgage. But there are subtle differences. Whereas a standard mortgage is something a first-time homebuyer would be contemplating, home mover mortgages in Beckenham will apply to those who are moving from one home to another, those who wish to change their mortgage provider, or those seeking to reduce their monthly mortgage payment. In other words, people who have already secured at least one prior mortgage.
Home Mover Mortgages in Beckenham
Mortgage & Lifetime Solutions help homeowners find home mover mortgages that will enable them to procure a more valuable property or save money in both the short and long term. While the prospect of saving money on monthly payments is a major selling point of this type of mortgage most people who come to us are looking to take the next step up the property ladder. Sometimes, these ambitious homeowners are able to transfer their existing “portable” mortgage to the new home. But sometimes they’re not, and so the home mover mortgage comes into play.