Whether you are moving up the property ladder or relocating to a smaller property, CMME can help you throughout the process, with home mover mortgages.
When you’re looking for your next home (whether it’s upsizing or downsizing), it’s more than likely you’ll already have a mortgage in place. Depending on your existing mortgage product you may be able to port (transfer) your deal to your new home.
It’s always worth checking out the latest mortgage rates to see if it is a good time to make the move.
The majority of lenders are guilty of grouping contractors and independent professionals together as high risk; which in turn makes your monthly repayments far higher. In order for lenders to decide how much they will lend you; they need to evaluate your earnings to ensure the money can be paid back.
This usually becomes an issue for contractors as your accounts and payslips are unlikely to reflect your full income. The consequence is that the amount you will be eligible to borrow will be less than someone in permanent employment with the same, or lower, income.
CMME will ensure your application is dealt with by lenders who understand your entrepreneurial way of working and appreciate the demand for your skills in future contracts. Our expert consultants can secure funding at competitive rates that are not possible to access by approaching a lender directly when it comes to your Home Mover Mortgages.
Simply fill in the form below or download our FREE Guide: Home Mover Mortgage Guide for more information.
Simply complete the form below to discuss your home mover mortgage