Home Mover Mortgage Referrals
Your Smooth Path to a New Home.
Finding your dream home should be an an exciting journey, and at Goodniss, we believe your mortgage process should be just as smooth.
As a dedicated referral service, we understand that securing the right mortgage is a crucial step in your home-moving adventure. That's why we connect you with a network of trusted, independent mortgage advisors who specialise in home mover mortgages.
Forget the stress of navigating complex options alone. Our service ensures you're matched with experts who can offer:
Personalised advice
Competitive rates from a wide range of lenders
Guidance through every stage of the application
With Goodniss, you're not just getting a mortgage service; you're gaining a partner committed to making your move as easy and affordable as possible.
Let us help you unlock the door to your new home.
Contact Us
If you are interested in becoming a client or you would like to learn more about our services, then we would be delighted to hear from you.
Key Considerations for Moving Home
How much will it all cost?
Understanding the Costs of Moving Home
When you move home, a regulated mortgage adviser can help you understand the various costs involved beyond your mortgage. They can explain how the equity from your current home might be used towards a deposit on your next one, and discuss other factors influencing affordability.
Your adviser, or a conveyancer they connect you with, will also clarify other typical costs associated with buying a property, which may include:
Conveyancing fees
Stamp Duty Land Tax/Land Transaction Tax (depending on property value and location)
Valuation fees
Land Registry fees
Your adviser can also recommend budgeting for other expenses, such as removal services, and having a contingency fund for unexpected costs that can arise when buying a property.
How much can I borrow?
Determining Your Borrowing Potential
The amount you can borrow for a home mover mortgage isn't a fixed sum; it's a personalised figure determined by various factors assessed by lenders. A regulated mortgage adviser from our network will conduct a thorough "affordability assessment" to determine your borrowing capacity.
They will explain the key factors influencing how much you can borrow, which typically include:
Your Income: Advisers will scrutinise your salary, bonuses, commission, and any other regular income sources. They can explain how lenders generally use a multiple of your annual income as a guideline.
Existing Debts and Financial Commitments: They will assess how outstanding loans, credit card balances, and regular bill payments might impact your disposable income and borrowing capacity.
Deposit/Equity: Your adviser will clarify how the amount of deposit you have, or the equity you're releasing from your current home, plays a significant role, potentially leading to better interest rates with a larger deposit.
Credit Rating: They will explain how your credit history is crucial, and how a strong credit score can improve your chances of borrowing more and securing favorable rates.
Stress Testing: Advisers will explain how lenders are required to "stress test" your ability to repay the mortgage if interest rates were to increase.
Property Type and Value: They will ensure the property you're buying meets lender criteria and valuation requirements.
How to Get an Accurate Estimate:
The most accurate way to determine how much you can borrow is to speak directly with a qualified mortgage adviser from our network.
They can assess your individual circumstances, explore different lenders' criteria, and recommend the most suitable mortgage products for your needs.
They can also help you understand how online mortgage calculators provide a rough idea, and guide you through obtaining an Agreement in Principle (AIP) for a provisional lending agreement.
Remember, the final amount you can borrow will only be confirmed once a full mortgage application is submitted and all checks are completed by the lender.
What insurance will I need?
Understanding Your Insurance Needs for a New Home (Discuss with a Mortgage Adviser)
Your mortgage lender will typically require you to have buildings insurance, which covers the structure, fixtures, and fittings of your new home.
A regulated mortgage adviser can discuss this requirement and other important insurance considerations that may arise as part of your mortgage application.
For your insurance needs, Goodniss specialises in protection and general insurance. We can provide direct advice and help you arrange policies such as:
Contents Insurance: To protect all your possessions inside your home.
Life Cover: To provide financial security for your family.
Critical Illness Cover: To help you cope with unexpected health challenges.
Income Protection: To safeguard your income if you're unable to work.
We will ensure you have the right insurance solutions for your specific needs, protecting what matters most as you move.
Are there any risks?
Understanding the Risks of Home Mover Mortgages
A regulated mortgage adviser will explain the risks associated with a mortgage.
They will clarify that a mortgage is a loan secured against your home, which means your property is at risk if you do not keep up with your repayments.
They will also advise you on the importance of contacting your mortgage lender straight away if you ever get into financial difficulties or anticipate being unable to keep up with your monthly repayments.