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First, you’ll need to review your current mortgage deal and assess whether it’s better to stick with your current lender or switch to a new one.
Lenders will carry out affordability checks, which include examining your income, expenditure and credit history to see what you can borrow.
If you have a fixed-rate deal, early repayment charges may apply if you move before the term ends. Speaking to a mortgage broker in Bristol like us can help you explore the best options for your situation.
When moving home in Bristol, the amount that you can borrow typically depends on your income, expenses, credit score and the equity in your current property.
Lenders usually offer around 4 to 4.5 times your annual income, but this can vary. That’s why it is always worth speaking with a mortgage advisor to find the true amount you can borrow.
Getting tailored mortgage advice in Bristol based on your situation can help provide a more accurate figure.
Yes, in many cases, you can port your mortgage when moving home in Bristol. Porting means transferring your current mortgage to a new property, keeping the same lender and mortgage deal.
This option is ideal if you have a favourable interest rate. However, you’ll need to reapply and go through the lender’s affordability assessments.
If the new home is more expensive, you might need to borrow additional funds, which could come with different terms. Speak with one of our mortgage advisors in Bristol to see if porting is the right choice for your move.
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Adam
Worth their weight in gold. Helped navigate a complex mortgage enquiry, we would have fallen at the first hurdle if we were applying on our own. Excellent response times and always kept us informed. Was on the fence about going with a broker at all...
1 year ago
James
Malcolm and his team are so helpful, from the first call I had to discuss options all the way to getting my mortgage offer today. Any query I've had they answered immediately and offered to talk through my options, my case worker Lizzi was...
1 year ago
Jessica
Very responsive even in late evenings! Answered all of the questions that I had, explained the whole process through out and made the house buying process so much easier!
2 years ago
Anonymous
Helen was lovely to chat with, she booked me in for an appointment with a broker within minutes of me sending an email enquiry on a Sunday and explained everything about the process really well.
2 years ago
Eamonn
Spoke to several Mortgage Brokers about my situation and having talked to Malcolm, he fully understood my views and gave me his honest opinion. A very professional, friendly, and efficient service that enabled us to the best mortgage on the market.
4 years ago
Moving home in Bristol comes with various costs, such as estate agent fees, mortgage arrangement fees, and solicitor fees for legal work.
You’ll also need to budget for stamp duty, removal costs, and a survey for the new property.
If you’re using a mortgage broker in Bristol, there may be an additional fee for their services.
Plus, ending a fixed mortgage early could result in early repayment charges.
If you buy a property and later decide to move home in Bristol, you have a few options.
You can sell your current home and use the equity as a deposit for your new property.
If you have a portable mortgage, you might be able to transfer (or ‘port’) it to the new home.
Otherwise, you may need to remortgage and find a new deal.
Remember, moving might involve costs like early repayment charges, solicitor fees, and stamp duty.
Yes, you can pay off your mortgage early in Bristol, either through overpayments or by paying a lump sum.
However, some mortgages come with early repayment charges, especially if you’re on a fixed-rate deal.
It’s important to check with your lender to understand any fees involved before making extra payments.
We offer a free mortgage review to understand your financial situation and discuss your goals for moving home in Bristol.
This helps us find the most suitable mortgage deal tailored to your needs.
With access to 1000s of mortgage products from a wide range of lenders, we explore various options to find the best fit.
Our wide selection means you’ll have more choice when moving home in Bristol.
Once you’ve chosen your mortgage, we’ll handle the application process, ensuring all paperwork is completed accurately.
We’ll liaise with the lender on your behalf, keeping you updated every step of the way.
On completion day, the funds are transferred, and you officially become the owner of your new home.
We'll be there to ensure everything goes smoothly, even beyond completion.
When moving home in Bristol, we offer a free mortgage review to assess your needs and explore your options.
Our expert mortgage advisors in Bristol will look at your financial situation to find a deal that best suits your circumstances.
This initial review is designed to give you a clear idea of your budget and what to expect moving forward.
We have access to 1000s of mortgage deals from a vast range of lenders, ensuring you have plenty of options when moving home in Bristol.
Whether you’re looking for a fixed-rate, tracker, or something more flexible, we’ll find a deal that fits your plans.
Our extensive panel of lenders means we can cater to various financial situations and property types.
We pride ourselves on offering a personalised service to make your move in Bristol as smooth as possible.
Our experienced team will handle the entire mortgage process, from finding the best deal to liaising with solicitors and lenders.
With our support, you can focus on the exciting parts of moving to your new home.
We’re here to help you with your home move every day of the week, including evenings.
Our flexible hours mean you can reach out for advice or updates at a time that suits your busy schedule.
Moving home in Bristol can be stressful, so we make ourselves available whenever you need us.
Many homeowners in Bristol decide to upsize when they need more space, whether it’s for a growing family or simply to enjoy a bigger living area.
In this scenario, we’ll help you assess your current mortgage and find a new deal that fits your budget and lifestyle.
We’ll also explore options for using the equity in your current property as a deposit for your next home.
If you’re moving to a smaller, more manageable property in Bristol, we can guide you through the mortgage process.
Downsizing often frees up equity, which can be used to clear your mortgage or boost your savings.
We’ll ensure you find a mortgage suited to your new circumstances, possibly even exploring interest-only or retirement mortgage options in Bristol.
If you have a favourable mortgage rate, porting it to your new home in Bristol could be an ideal solution.
We’ll review your current mortgage deal and liaise with your lender to see if porting is possible.
If your new property costs more, we can also help you explore additional borrowing options.
When moving home in Bristol, it’s a great time to reassess your mortgage term.
Some homeowners in Bristol use this opportunity to shorten their term, paying off their mortgage quicker, while others prefer to extend it for more affordable monthly payments.
We’ll help you explore the pros and cons of adjusting your mortgage term based on your financial goals.
If you have built up enough equity in your current home, you might want to use it to clear your existing mortgage when moving in Bristol.
This can provide the flexibility to either become mortgage-free or reduce the amount you need to borrow on your next property.
We’ll review your finances to find the best route for your circumstances.
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Bristolmoneyman.com & Bristolmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
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Bristolmoneyman.com & Bristolmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
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