Home Movers
This might not be your first rodeo, but the housing market changes all the time. See our guide below for the most up-to-date advice when moving home.
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Can't find what you are looking for? Click here to get in touch and Ray or Leonie will get back to you as soon as possible.
Can I just transfer my current mortgage?
Potentially. This is called 'porting' your mortgage and it is where you take your current mortgage to a new property and add on any extra funds that you need. However, not all mortgages will allow you to do this so you will need to check your current mortgage terms and conditions.
What documents do I need?
What are the different types of mortgages?
Mortgages can be broken down into different types depending on WHAT you pay back and HOW you pay it back. The three main types of mortgages are:
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Fixed rate
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Tracker rate
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Variable rate
Of course there are other mortgage options on the market, but these will generally be the most relevant to first-time buyers.
As always, not all options will be available to you depending on your circumstances. The best thing to do is speak to a broker beforehand who will know the lender's criteria and will be able to place you with someone suitable.
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CREDIT REPORT
- Experian
- Equifax
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We recommend using Checkmyfile.com as it is the most comprehensive credit agency – you will be amazed what the banks can find out about you! Checking here first will help you understand what they will see.
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PROOF OF DEPOSIT
- Bank/savings account statement
- Stocks and shares statement
- Gift letter plus bank statement
- Certificate from executors (for inheritance)
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PHOTOGRAPHIC IDENTIFICATION
- Passport
- Driving license
(with the correct details on them!)
BANK STATEMENTS
3 to 6 months worth
- To prove expenditure and affordability
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PROOF OF ADDRESS
- Bank/credit card statement
- Utility or council tax bill
- Driving license (if not used for photo)
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PROOF OF INCOME
- Payslips (minimum 3 months) If employed
- SA302/tax year overview (1-3 years) if
self-employed.