We understand the distinct payment structure you have as a contractor, and we provide advice that’s completely tailored to your specific circumstances.
The Importance of a Home Mover Mortgage:
Many home movers often require additional funds when transitioning to a new property, climbing up the property ladder. It’s essential to consider the continuous rise in house prices. The average property value in the UK stands at £243,639, indicating an annual increase of 3.7 per cent. According to the UK Government website, the most significant house price growth is presently observed in the North East. Meanwhile, London boasts the highest average house price at £484,584 as of April 2018.
Finding the Ideal Contractor Home Mover Mortgage:
What sets us apart is our individualised approach to each client. We recognise that everyone’s circumstances differ, especially for contractors who often experience irregular payment schedules. That’s why we take the time to thoroughly evaluate your income to offer the best-suited options. We assess your financial status, earning structure, and other crucial factors.
We’ll explore various options available to you, offering a transparent breakdown of each mortgage or solution, detailing its monthly implications for you. With our extensive industry connections, we have access to exclusive mortgages tailored for contractors, unavailable elsewhere. There might even be the possibility of transferring your current mortgage to your new property, despite your existing lender’s initial stance.
Approaching your High Street branch isn’t typically advisable. It’s not only highly challenging to secure a mortgage there, but they also lack the dedication to finding you the most favourable rates aligned with your unique circumstances. Have you been turned down by one lender already? Don’t let that discourage you! Contact us today to explore the diverse options available. We don’t rely on payment slips or base applications solely on them, acknowledging they don’t accurately depict your earnings or affordability.
Contact Us Today for Further Details:
Should you wish to learn more about our services or have specific queries about your situation, feel free to email us or give us a call. We’re here to assist you, offering a free and non-obligatory phone consultation. Making informed decisions hinges on having accurate information, and that’s precisely where we come in!
Give us a call for a comprehensive quote tailored to your contractor position and circumstances. Reach out or call us today to speak with one of our expert mortgage brokers on 02081437777.
Moving House? Let Us Make Your Mortgage Journey Effortless
Moving House Mortgage
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.
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.
Contractor Mortgages for Your Next Move
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.
Personalised Financial Assessment
We thoroughly evaluate your income and financial status to match you with the most suitable mortgage options.
Transparent Mortgage Options
Receive a clear breakdown of each mortgage solution, including detailed monthly implications tailored to your situation.
Exclusive Contractor Mortgages
Benefit from our industry connections, giving you access to special mortgages not available on the high street.
Overcoming Lender Rejections
If you have been turned down by another lender, don’t worry—we specialise in finding alternatives that others might overlook.
Ready to move home? Here’s what you must know.
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:
Stamp Duty
A tax on property or land purchases, with the amount varying based on the property’s price and location.
Mortgage Valuation
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.
Conveyancing Fees
Legal fees for the work done by solicitors or conveyancers during the property transaction.
Home Insurance
Essential for protecting your home and possessions, with various coverage levels available to suit your needs.
Is a Deposit Required When Moving Home?
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.
Why Choose Mortgage Knight for Your Move?
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.
