We understand that moving home is no easy feat, especially when it comes to managing your finances and ensuring a smooth move into your next home. There are various options to explore before endeavouring to make the leap, such as affordability of the new mortgage sum if higher and the potential portability of an existing mortgage.
There are cases where the current mortgage is portable, and the client can seek to raise additional borrowing with their existing lender under a separate product. However, in most cases, clients are often looking to climb the property ladder and move into bigger properties or better areas after having built up equity in their current property and made significant advances in their overall income profiles, and explore options such as let to buy onwards purchases.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Triton brokers will assess your new mortgage requirements based on your property aspirations and outline your lending potential before you begin to search for your next home. We will also evaluate all of the potential financial costs involved such as early repayment charges, increased levels of insurance, stamp duty, and legal fees, to ensure we have all bases covered to budget your costs effectively.
Triton Private Finance Limited is registered in England and Wales with the company number 13548123. Registered Address: 128 City Road, London, EC1V 2NX.
Triton Private Finance Limited is an Appointed Representative of PRIMIS Mortgage Network which is a trading name of Personal Touch Financial Services Limited. Personal Touch Financial Services Limited is authorised and regulated by the Financial Conduct Authority.
The guidance and/or advice contained in this website is subject to the UK regulatory regime and is therefore restricted to consumers based in the UK. The Financial Conduct Authority does not regulate some forms of buy to let mortgages.
This firm usually charges a fee for mortgage advice. The amount of the fee will depend upon your circumstances and will be discussed and agreed with you at the earliest opportunity.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Try our mortgage repayment/ overpayment calculator, or check out how to review your credit report.
