If you already have a home in Portsmouth, Hampshire, but would like to get another home, maybe in a different neighbourhood, or in a different location, such as Basingstoke, Gosport, Andover, Waterlooville, Aldershot, Farnborough, Fareham/Portchester, Eastleigh, Havant, Winchester, Fleet, Petersfield, which are all in Hampshire, then you can finance your new home using the equity you built on your current home.
This will either involve selling your home with the current mortgage on it and transferring the mortgage to the buyers or buying your new home first with a home loan from the same lender or another lender, especially if you find a lender that can offer you better rates before you sell your current home. All these can involve very long and delicate processes that can be daunting to the average homeowner. It involves a lot of research and legwork. Also, you need to be careful so you don’t get stuck in a rut.
Having Remortgage Fast can provide you with either advice, assistance or both to take you through all these processes in a way that involves minimum stress and maximum opportunities. Whether you are looking for assistance for your home trading, or you need friendly, no-obligations, expert advice from experts in home loans, call Remortgage Fast at 800-2345-6789 or fill the contact form below to get access to a world of professional help with making one of the most important financial decisions of your life.
What do homeowners in Hampshire need to know about home trading?
Home trading involves two distinct processes of selling your current home and buying a new one. You can do either of the two first, or you can do both simultaneously. If you are qualified, you might not need to sell your first home before getting a new one, you can get a second mortgage for a new home before you put your first home on the market. Before you sell your home with a mortgage on it, you need to find out if your mortgage is assumable, an assumable mortgage means that you can transfer the mortgage to the buyer. But you also need to check for a “due on sale” clause in your mortgage documents.
Home trading might seem complicated, but what it really is, is buying new property. Financing a trade up or getting a mortgage for a second home is a possibility if you are able to prove that you are eligible for a second mortgage. Remortgage Fast can help you with our team of specialists that possess extensive knowledge of the mortgage market. If you decide to get a second mortgage to buy a second home, you need to be aware of the fact that you are required to put up a 20% down payment on your new home. If you can afford it, that’s great, but, you can also consider mortgage refinancing.
Remortgage Fast as an independent mortgage broker, is a specialist with in-depth knowledge of the market. We will do the research for you and help you scrutinize the range of available products till we find options that match your particular situation and bring these options to you in a single source where you can easily look it over and make fact-based decisions. Home trading is easy when you have access to all the right resources. Let Remortgage Fast help you with that. Call us at 800-2345-6789 or fill the contact form below and our team of professionals will get to work right away to get you a quote or needed advice.
Remortgage Fast makes the home trading go smoother
Having Remortgage Fast means that you have an expert in loans working for your best interest. We are fully committed to helping you find the best mortgages for your particular circumstances. Our connection with a wide variety of lenders mean that we can provide you with an extensive range of options. With our experience in the field, we can help you avoid lenders that have burdensome payment terms buried in their contracts under confusing professional terms. We can also provide you with special rates from some lenders. If you are looking to trade your home, then navigating the home loan aspect with Remortgage Fast is a smart decision. Why don’t you call us right away to get expert advice?
Are you looking for flexibility?
If you are too busy to do the required legwork yourself, Remortgage Fast will do it for you. Before you make the decision to home trade, you need to ask all the right questions. Is a home trade a financially sensible decision? Will you be able to get the required approval from your lenders? What does your financial status say about your decision to home trade? Is the home trading deal safe for you?
Having Remortgage Fast on your side means you have the advantage of years of experience in the home loan market working for you. We will take your personal details into consideration before offering you advice on the available options. We will also help you figure out the best options that are available to you. With Remortgage Fast, you won’t get lost in contract terms or fall into a trap of clauses because you have an expert who will be willing to explain things to you every step of the way. Home trading is a pretty serious business requiring several forms and documents, and one mistake could make your plans fall through. Why don’t you let the experts at Remortgage fast walk you through it?
Tips for home trading in Hampshire
- To transfer an assumable mortgage, it’s a smart decision to ask your lender to make the change.
- When refinancing a loan, do so in the new owner’s name only.
- Always check for a “due on sale” clause, and make sure your situation will not trigger the clause before you trade your home.
- Always avoid informal arrangements or unofficial transfers because these could easily put you in trouble.
- Call Remortgage fast at 800-2345-6789 for expert advice and assistance on matters pertaining to getting a home loan.