How To Take Your Mortgage With You

Flexibility is the main benefit of loan portability, second only to simplicity. You won’t need to make any changes to your direct debit arrangements, as you can just continue making payments as you always have. Setting up all this again can be a real hassle. On top of that, having a loan that is portable can mean the process of purchasing your next home can be a lot simpler. The application process will be quicker and a lot more streamlined. There will be less paperwork, and the documentation requirements are unlikely to be as strict. When you add to this the fact that all the internet banking details will be ready to go, the result can be quicker access to funds.

Mortgage calculators can be a great resource whether you are looking for a new loan, or want to give your current mortgage a health check. If you are thinking of changing to a loan with a lower variable interest rate, or a different fixed rate, then you can look at what your repayments may be with our repayment calculator. If you want to see if there is a chance of being successful when applying for a larger loan, our borrowing calculator can give you an early indication. We even have a calculator that can help you search for the best Mortgage House interest rate, and one that can let you know how much you may save if you switch mortgages. At Mortgage House, we want you to have access to the information and resources you want to find a home loan that suits your property goals.

Choosing portable home loans can be difficult, especially as it is a feature included in a lot of mortgages, especially Mortgage House ones. Being able to compare loans that include features such as portability is important. You can compare up to five of our loans at the one time on our website, making it easier to find portable loans, and loans with other features that suit your mortgage needs. Comparing repayments and interest rates is standard fare with a lot of banks and lenders, but we want to help you compare all the features, fees, purposes and important details of all our home loan options. You can compare our loans by fixed or variable rates if you like, or you can get into the details straight away, comparing them by features, including portability. This can give you a much clearer idea of your options, and what other features portable loans include.

Once you have found a house you want to buy, and you have someone who wants to buy your current home, you can contact our lending experts and complete two important forms – an application form with supporting documentation, and a variation request form. Our lenders can answer any questions you have about the process and will be able to talk you through your options. These options will include details around the purchase of your new property and what the cost-effective, and best, options, may be. However, there is an important piece to this process. You must be able to sell your current home, and buy your new one, at the same time. That can sometimes be tricky, and may not always be possible. However, this can be a great way to save money, as you won’t have to take out a bridging loan, which is often the case when people sell their home and buy another.