Simmonds Mortgage Services were recently referred to a couple in Bracknell, who were wanting to move to a residential property in Wokingham but had a current mortgage in its fixed term period.
We decided that porting their current was the best option for our Bracknell client, simply meaning that their current mortgage would be transferred to the new property. Then to ensure the clients would be able to move house, we suggested that they should borrow the addition funds with the same lender. Due to one of the lenders being an airline steward, I had to make sure the correct additional income was correctly calculated and inputted and used to match the lender's underwriting processes.
As the applicants were in a current fixed term product with a good interest rate they would have had early repayment charges if they came out of the product early. Not only did we advised them to port their current mortgage product for the new house purchase, in regards to the rest of the mortgage we could top it up via the same lender. For the top up aspect of the mortgage, we recommended that it was to finish around the same time as the current mortgage product was due to expire, so then both parts of the mortgage will be re-mortgaged as one. We were able to find the best lenders for our clients' circumstances, enabling them to move to their new property in Wokingham.
What Our Client Had To Say:
We have been given a bigger mortgage to buy a bigger property and in the location of great schools for our little boy. Can't thank Daniel Temperley enough for managing this all for us. He took the stress out of the whole process and did everything for us. He was professional, friendly and approachable. He put us at ease and explained everything to us through the whole process. This is the second time we've used Simmonds Mortgage Services and both times they've been fantastic. Can'r recommend them enough! Thanks Daniel!
We can help you!
If you are looking to move house and are wanting advice and support with your current mortgage or finding a new mortgage scheme, don't hesitate to get in touch and see how we can help make the process easier for you. Call us on 01344 225 149 or 07979 690 056. Alternatively please send us an email at firstname.lastname@example.org and see how we can help you!
Simmonds Mortgage Services is an appointed representative of Stonebridge Mortgage Solutions Ltd and can source the most appropriate cover from its panel of insurers with a free review of you overall protection and insurance needs. As with all insurance policies, conditions and exclusions will apply