Home Mover
At Austin Friars Financial, we understand that moving homes in the UK involves a range of considerations and decisions. As home movers, you have various options to explore to facilitate a smooth transition.
Porting your existing mortgage deal is a great option if you have favorable terms or competitive interest rates. It allows you to transfer your current mortgage to your new property without incurring early repayment charges, providing financial benefits during the move.
Alternatively, let to buy is a viable arrangement where you can convert your current property into a buy-to-let investment and purchase a new primary residence. By becoming both a landlord and a tenant, you can rent out your existing property while moving into a new home that better suits your needs.
When buying a new property, it's essential to consider stamp duty, a tax on property purchases in the UK.
Understanding the implications of stamp duty is crucial for budgeting and making informed decisions during the home-moving process.
For families with school-age children, school catchment areas hold significant importance. Being within the catchment area of a desirable school can impact property values and influence your choice of a new home.
As home movers, you face diverse considerations. Seeking professional advice from mortgage advisors, tax specialists, and school admission authorities can help you make well-informed decisions and navigate the complexities of the property market with confidence. Our team at Austin Friars Financial is here to provide you with expert guidance and support throughout your home-moving journey, ensuring you find the best solutions that align with your goals and preferences. Let us assist you in making your move a successful and rewarding experience.
A mortgage is a loan secured against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.