Mortgage Guide for Buying a Home
When you sell your property or move house, there are a range of things to consider, including your mortgage options, the application process and associated costs. These guides offer practical advice for making the most of your home move. Please contact us for more information.
Download the Complete Home-Buying Guide
Essentials for Getting Started
Most Common Types of Mortgages
Repayment or Interest Only mortgages are the most common types of mortgage. The amount you pay back each month is based on how much you borrow, the interest rate charged and the number of years selected.
How Mortgages Work when Moving Home?
If you require an increased mortgage to purchase a new home, you may decide to move your existing deal across with your existing lender or seek a better deal elsewhere.
Pros and Cons of Porting Mortgages
Lots of mortgages are portable, which enables you to move them across to a different property, but you should weigh up the positives and negatives before you do so.
Read the Guides
The Mortgage Application Process
A Guide to Applications
Mortgage lenders require a range of information to verify income and expenditure when you apply for a mortgage. Understanding these requirements can help speed the process and secure the best deal.
Additional Costs Associated with Buying a Home
There are several one-off charges and fees associated with moving house. It's important to understand and include these within your budget before searching for your next home..
Mortgage Offers
Obtaining a mortgage in principle should provide you with a good indication of how much you might be able to borrow before you submit a full mortgage application or make an offer on a new property.
Read the Guides
Surveys, Conveyancing and Insurance
Different types of surveys
As a purchaser, it’s essential to understand the different types of survey. There are 3 main types, basic valuation, Homebuyer Report and Building Survey. Read on for a further explanation.How long is the mortgage process?
In general, you can expect the application process to take between 18-40 days, depending on the complexity of the mortgage. Having all your paperwork in order prior to the application can speed the process.Insurance
Building and contents insurance policies provide cover for your home and possessions and are essential to protect against any damage or loss to your property. Life insurance is also a key consideration for many mortgage holders.Read the Guides
Speak to us today for jargon-free mortgage advice
We are an mortgage advisor based in Southport and covering Merseyside and Lancashire. We work with clients across the region, including Liverpool, Manchester, Bolton, Preston, Wigan and St Helens, and sometimes further afield depending on the project.
Call Us: 01704 539492
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.
JB Financial Solutions Ltd is authorised and regulated by the Financial Conduct Authority (FCA).
Our FCA number is 531615.