Moving to a new home is an opportunity to explore better mortgage deals. If you currently have a mortgage with another provider, switching to Mortgage Knight could offer you more favourable terms.Â
Start by getting a Decision in Principle to see how much you can borrow. From there, Mortgage Knight will guide you through every step of the application process, ensuring a smooth and successful transition to your new home.
Let us help you secure the best possible mortgage and make your move stress-free.
At Mortgage Knight, we understand that contractors face unique financial situations, making it essential to find a mortgage that aligns with your irregular income. Unlike standard providers, we take the time to assess your entire financial landscape, including your earning structure, to offer options that truly suit your needs. With access to exclusive contractor mortgages, we’ll guide you through the best choices available.
We thoroughly evaluate your income and financial status to match you with the most suitable mortgage options.
Receive a clear breakdown of each mortgage solution, including detailed monthly implications tailored to your situation.
Benefit from our industry connections, giving you access to special mortgages not available on the high street.
If you have been turned down by another lender, don’t worry—we specialise in finding alternatives that others might overlook.
Understanding the Costs of Moving Home
When you’re buying a new property and securing a mortgage, it’s essential to account for several additional expenses beyond your deposit. Here’s a breakdown of the typical costs you may encounter:
A tax on property or land purchases, with the amount varying based on the property’s price and location.
Required by lenders to ensure the property’s value aligns with the loan, costing between £250 and £1,500 depending on the property’s value.
Legal fees for the work done by solicitors or conveyancers during the property transaction.
Essential for protecting your home and possessions, with various coverage levels available to suit your needs.
A deposit is necessary when taking out a new mortgage on a property. A larger deposit reduces the amount you need to borrow, potentially lowering your overall mortgage costs. However, saving for a deposit can be challenging, especially if you need to move quickly. A 95% mortgage, where you only need a 5% deposit, might be an ideal solution. This option allows you to secure your new home sooner without the need for a substantial deposit.
When moving home, Mortgage Knight offers a seamless experience with our diverse range of fixed and tracker mortgages.
We make the process straightforward and stress-free. By transferring your mortgage to us, you could benefit from a lower interest rate, potentially reducing your monthly payments.
Plus, every mortgage includes a standard property valuation at no extra cost, simplifying your decision-making.
Whether you prefer to apply online, by phone, or in person, our expert mortgage advice is always available to guide you through.
