The process of moving home can be known to be quite a stressful one. The overall challenge you need to overcome if you are moving home is finding a buyer for your property whilst searching for your own, which can be the main reasoning for this perception. Along with this, you need to undergo all the legal arrangements and your mortgages – it can be a real nightmare!
As a mortgage broker in Cambridge, we strive in helping you reduce that stress, especially with the mortgage finances. Our team will work hard in taking the weight of your mortgage off your shoulders by handling the mortgage side of the process whilst a solicitor will handle the legal aspects.
The overall aim of your mortgage journey is for our team to find you a mortgage deal that fits your circumstances which they do by searching through 1000’s mortgage products. Here at Cambridgemoneyman, we offer all new/existing customers a free no-obligation mortgage appointment where they can speak to an expert mortgage advisor in Cambridge and begin their home moving journey. If you are looking to move home in Cambridge, please don’t hesitate to contact us.
When you have had your Free Mortgage Consultation, your dedicated advisor will search through 1000’s deals to find you the one appropriate for your circumstance.
As soon as you have agreed to the recommendation, we will then get started on obtaining your agreement in principle. Having a mortgage agreement in principle with you (AIP) can help you back up any offers you would like to put forward and can show the seller that you are in a serious position to proceed.
Yes, it is possible to transfer your current mortgage to a new property in Cambridge. This process is called porting a mortgage.
However, it is subject to the lender’s approval and conditions, such as the new property meeting their lending criteria. It is best to speak with yourmortgage advisor in Cambridge to see if they offer this option and if your mortgage is eligible for porting.
The costs when moving home in Cambridge, include estate agent fees (if using an estate agent to sell your property), conveyancing fees for a solicitor or conveyancer to handle the legal transfer of the property, survey fees for a surveyor to inspect the new property, removals costs for moving your belongings, and any stamp duty or taxes due on the purchase of the new property.
It’s advisable to budget for unexpected expenses as well, such as repairs or upgrades needed for the new property.
Your legal representative, usually a solicitor or conveyancer, handles the transfer of the property and ensures that any outstanding mortgage on the property being sold is paid.
The actual repayment of the mortgage is typically done by the lender. The proceeds from the sale of the property are usually used to pay off the outstanding mortgage balance, as well as other related expenses such as estate agent fees, conveyancing fees, and stamp duty.
It is important to note that the specific process of paying off a mortgage and selling a property can vary, so it is advisable to consult with your lender and legal representative for more information.
Yes, it is possible to pay a mortgage off early. This is known as making overpayments or paying a lump sum towards the mortgage balance. Depending on the terms of your mortgage, there may be early repayment charges or penalties for paying off the mortgage early.
It’s important to check with your lender to see if they charge such fees and how they would be calculated. Additionally, making overpayments can reduce the amount of interest you pay over the life of the mortgage and help you become mortgage-free sooner.
However, it’s important to weigh the benefits against the potential penalties and to ensure that you have sufficient funds for other financial priorities before making the decision to pay off your mortgage early.
Our Customers Love Us
5.00 Rating3 Reviews
Very responsive even in late evenings! Answered all of the questions that I had, explained the whole process through out and made the house buying process so much easier!
6 months ago
Great service, very efficient.
1 year ago
Helen was lovely to chat with, she booked me in for an appointment with a broker within minutes of me sending an email enquiry on a Sunday and explained everything about the process really well.
8 months ago
Great service. Would definitely recommend to people struggling to get a mortgage. Cambridgemoneyman, a huge thank you from us
3 years ago
Spoke to several Mortgage Brokers about my situation and having talked to Malcolm, he fully understood my views and gave me his honest opinion. A very professional, friendly, and efficient service that enabled us to the best mortgage on the market.
2 years ago
Massive thank you to Malcolm and the team at Cambridgemoneyman. We were very impressed with the level of service we received. As first time buyers, we were thrilled with the mortgage rate that got recommended for our circumstances, and we will...
3 years ago
To connect with a well-informed mortgage broker in Cambridge, book your free mortgage appointment.
During your consultation, your personal mortgage advisor in Cambridge will gather details about your income and expenses to determine your maximum affordability.
This information will help our team understand your current situation and what you hope to achieve.
Once your mortgage advisor in Cambridge has all the necessary information, they will use it to search through 1000's of mortgage products and find the one that best fits your needs.
Additionally, our team will help you secure a mortgage agreement in principle, which can be a valuable tool when negotiating and making offers during the home buying process.
After your offer has been accepted, your mortgage advisor in Cambridge will submit your complete mortgage application and supporting documentation to the lender.
Your dedicated case manager will keep you informed at every stage of the process, right up until you receive your mortgage offer and complete both the purchase and sale of your home.
Our services extend beyond simply finding you the best mortgage deal. We will also offer insurance recommendations that align with your individual needs, to help ensure you and your loved ones are properly protected.
When it's time for your mortgage to renew, our team will reach out to you to make sure you're always on the most favorable deal.
When you get in touch with our team, you will be offered a free no-obligation home movers review. Within this review, we will look into what mortgage goals you are looking to achieve and look at if it fits within your affordability. Furthermore, we will review both your monthly payments and the maximum borrowing capacity.
After your home movers review and your dedicated advisor has taken in some details, it’s then time to find you the perfect deal for your situation. Your Mortgage Advisor in Cambridge will then search through 1000’s of mortgage deals to find the best deal for you.
If you are looking to begin your moving home journey, get in touch with our team today. We look forward to hearing from you!
Here at Cambridgemoneyman, our team of expert Mortgage Advisors in Cambridge can explore your mortgage options if you are looking to move home. They will be there to provide a helping handing from your initial contact all the way through completion.
We have helped many customers take that next step on the property for over 20 years which means there is rarely a situation we haven’t come across before.
As soon as you have agreed with a recommendation, the next step is to begin looking at getting your mortgage agreement in principle sorted. Having this with you will help you with backing up any offers you would like to make.
After you have found your new home in Cambridge and have had your offer accepted, it’s then the time for your full mortgage application to be processed by our team which we can help you with throughout the full process.
Here at Cambridgemoneyman, we strive in providing a service that goes beyond the mortgage. Our team can help with the range of surveys on offer to you and will help get you conveyancing solicitor quotes.
Along with your mortgage recommendation, your dedicated advisors will point out insurances that would be suitable for you to help cover your mortgage in any unexpected circumstances.
Over the years, our team of knowledgable Mortgage Advisors have helped a plethora of customers successfully complete the mortgage journey with their circumstances varying from relocating in Cambridge to wanting to move within the city.
Our team usually get contacted by home movers at the start of the process for mortgage advice in Cambridge. The general reasoning for this is that they are wanting to know the amount they might be able to borrow, the interest rates as well as how much their monthly repayments would be.
Congratulations, you have had your offer accepted on your new home in Cambridge! It is now time to get in touch with your dedicated mortgage advisor in Cambridge to begin completing your full mortgage application. As well as this, we can help with the types of property and recommend a conveyancing solicitor.
Many of our customers have got in touch with Cambridgemoneyman after being declined by a Bank or Building Society. This could be for a number of reasons like you didn’t meet their credit scoring criteria, or the amount they were willing to lend wasn’t enough for you. Either way, it can be very beneficial to get in touch with a mortgage broker in Cambridge like us who can explore specialist lenders.
Our team work with a variety of lenders who provide specialist products with the purpose of providing options to clients with previous credit issues. As mentioned, this all depends on your financial situation and your credit file. The good news is our mortgage advisors in Cambridge have detailed insight of these products and their credit so will be able to help you find the right product for you.
The scenarios we have mentioned above are the most common ones we have encountered. Therefore, please don’t hesitate to get in contact if you feel your situation doesn’t match any of the above. Our experience has given us the opportunity to deal with a variety of situations so there is a high chance that we have dealt with a situation similar to yours before and would love to help.