When it is time to move house, a new build can be tempting. Built to match contemporary lifestyles, they offer spaces that tick the boxes. If you have spotted an ideal new build, let us help you to secure it.

Moving house can provide the space you need for an expanding family, open up work opportunities or improve your quality of life. Whilst the benefits are evident, it can be a stressful transition. 

Trust our advisers to smooth the way by providing clear and relevant information. We recommend mortgages that best suit your current circumstances and future forecasts. With a comprehensive range of options, we will guide you to the most suitable fixed rate, tracker, flexible or offset mortgage. 

Try our Mortgage Calculator to see how much you may be able to borrow. 

The Advantages of Buying a New Home 

New homes are built to suit modern tastes, so the design and layout are appealing. With a new property, there is no need to repair or renovate before moving in and you may even have the option of specifying some fixtures and fittings. The fact that there is no chain is another bonus. 

There are some challenges though, particularly concerning timeframes. You need mortgage approval before committing to the purchase, but this is typically valid for 6 months. Is your new home on schedule to be completed in time? 

Our advisers will help you to explore the mortgage options and get the timing right. We are here to help first time buyers **LINK TO NEW PAGE** as well as those who already have a mortgage. 

Do I Need a New Mortgage?

If you are moving house, it is likely that you already have a mortgage. It may be possible to transfer your existing mortgage to your new home, a process called ‘porting’. Porting isn’t an automatic switch. The lender may require additional affordability checks and a property valuation to determine whether you meet their criteria. 

The alternative is to take out a new mortgage. We can check the details of your current mortgage, making you fully aware of any early repayment charges or other fees that impact your decision. 

In short, our advisers will help you to make an informed decision about whether porting or remortgaging offers you the best deal. 

Help-to-Buy 

In some cases, the Government’s Help-to-buy Equity Loan or Shared Ownership scheme may provide the financial assistance needed to help you move to a new home. If relevant, this is an option that we can discuss during our meeting. 

Our advisers can also advise on mortgage protection options that give you peace of mind that you can always make the mortgage repayments. 

Call David Milbourn on 01442 874888 or email david.milbourn@sjpp.co.uk so we can ease the pressure of moving house. 

Your home may be repossessed if you do not keep up repayments on your mortgage.

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