Remortgage

Friendly and Easy-To-Understand Mortgage Advice.

Moor Mortgages covers the whole of the UK.

Speak to your adviser, Peter, today!

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Remortgaging

Fixed rate coming to an end?

Rates have gone up since the last time you took out a mortgage. You’re concerned about how much it might cost. But don’t worry, you’re not alone. Get in touch and I’ll support you all the way through to your new mortgage completion.

Or maybe your current lender might has sent you a renewal offer with new rates…

Should you take this offer?

Well, that depends.

If your financial circumstance have gone seriously downhill since you took out your last mortgage then it probably is worth sticking with them. There won’t be any affordability checks as long as you’re not trying to borrow more.

If your financial circumstances have stayed the same or have become better…. you’d be crazy to not check with a Mortgage Advisor. Chances are there is a better deal for you out there!

Good News for you is that you’re in a great position. This is because: Mortgage offers are valid for 6 months!

Put simply, you can apply for a mortgage today and get that rate locked in. Then when you’re ready to move forward you can do another quick easy check to see if it’s still the best rate.

No need to worry about rising or lowering interest rates during your remortgaging period.

Let’s dive into the process you’ll go through, step by step.

First things first, connect with a friendly mortgage broker who will help you figure out how much you can potentially borrow and which type of mortgage suits you best. They’ll make a mortgage recommendation and, if you’re happy to move forward, they’ll secure your Decision in Principle (DIP). The DIP is like a promise from the lender that they’ll grant you a mortgage for the specified amount, based on the information you’ve provided.

With a clear understanding of your budget, you can start your exciting property search. Explore listings from different estate agents as they often have different options available. Don’t hesitate to ask questions about the local areas and the condition of the properties you’re interested in.

When you finally find your dream home, it’s time to make an offer! The great news is that with your DIP secured, you’re in an excellent position to make a solid offer on the property. Once your offer is accepted, it’s time to move forward with your application.

Your mortgage adviser will guide you through the full mortgage application process. This is when the lender will also arrange for a mortgage valuation to ensure everything is in order

The solicitors or conveyancers will handle the legal side of things.
They will draw up contracts for the purchase and carefully check all the details to ensure accuracy. They’ll look out for any tricky clauses in the title deeds and examine leases for potential future issues.

Exciting times ahead!
Your solicitor and the seller’s solicitor will exchange contracts. At this stage, you haven’t made the full payment yet, but you have legally agreed to buy the property on a specific date. This is also when you hand over your deposit money and must have buildings insurance

The big day has arrived! Completion takes place once you’ve exchanged contracts and paid for your new home in full. The money is transferred to the seller’s solicitor, and finally, the keys are released to you. It’s time to celebrate and step into your new home!

Congratulations on taking the exciting step of buying your home with Moor Mortgages! We want to ensure that you have a relaxing and stress-free experience, so it’s important to be aware of some additional costs involved in the process. Don’t worry, we’ll break it down for you in a friendly and easy-to-understand way

If you’re a first-time buyer, you’ll only need to pay Stamp Duty if the property you’re purchasing is worth over £425,000. But even then, there’s good news – you’ll still receive some relief, unless the property is valued over £625,000. If you are moving house Stamp Duty bands are currently:

Nothing on the first £250,000
5% between £250,001-£925,000
10% between £925,001 and £1.5 million
12% above £1.5 million

Before your mortgage lender approves your loan, they’ll need to confirm the value of the property. As part of the process, they’ll arrange a valuation for lending purposes. The great news is that some lenders may not charge you for this, depending on the type of mortgage product you choose.

In addition to the valuation, you might also consider getting a survey. There are two types: a homebuyer report and a full structural survey. A homebuyer report includes a valuation and provides a detailed report on the state of the property, highlighting any necessary work. On the other hand, a full structural survey is more comprehensive and is recommended if you’re planning extensive renovations, or if the property is older or of unusual construction. We’ll help you understand which option is best for you.

Buying a house involves navigating through a maze of laws and legal requirements. That’s why having a reliable conveyancer or solicitor is essential. They’ll guide you through contracts and ensure everything is in order. Their role also includes liaising with the seller’s solicitor to keep the purchase on track. Conveyancing fees can vary, so it’s worth getting quotes from different providers.

At Moor Mortgages, we offer more than just mortgage advice. We’re here to make your home buying experience enjoyable and hassle-free. Your dedicated advisor will assist you throughout the entire application process, finding the best rates and ensuring everything is handled smoothly. We charge £199 fixed fee, payable only if you choose to apply for a Mortgage. Can’t say fairer than that.

When it’s time to move into your new home, you may need to budget for removal fees to transfer your possessions

We’re here to help you make informed decisions and navigate the exciting journey of buying your first home. Let Moor Mortgages be your trusted partner, ensuring a relaxed and enjoyable experience.

Why Moor Mortgages

Helen Dawson
Helen Dawson
Remortgage
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Peter is a pleasure to deal with and knows what he's talking about! We spoke about our upcoming end of fixed deal mortgage and Peter gave some great advice and guidance and whilst we could have made the changes ourselves, we felt much better knowing that Peter was handling it for us and it was in safe hands. The changes were dealt with swiftly and Peter is never too far away if we have a question. Thanks Peter and we'll look forward to continuing to work with you!
Jenny Sowerby
Jenny Sowerby
Buy To Let
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Peter comes highly recommended - he helped us apply for our first buy to let mortgage, there were lots of hoops to jump through but Peter made the whole process seem effortless with his excellent communication, knowledge and professionalism, we received an outstanding service and look forward to working with him again in the future. Thanks again Peter for all of your hard work, from everyone at JLK!
David Lowe
David Lowe
Home Mover
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Great service and speedy. Peter's communication is very good and going that extra mile., his knowledge of the sector is exceptional. He spent extra time to get the paperwork sorted to beat deadlines. I would not hesitate in recommending Peter
Carrie Brown
Carrie Brown
Remortgage
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Peter was very easy to make an appointment with and very flexible with how we could chat -in person or on the phone. Following a discussion about our needs he outlined how he could help and gave timescales. He came back to me earlier than planned and gave great advice. 100% would recommend.
Anthony Craddock
Anthony Craddock
First Time Buyer
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We had some very specific needs and needed someone who was going to research and help us through the process. Peter was so helpful and friendly. Really appreciate the time taken.
Malcolm Roberts
Malcolm Roberts
Remortgage
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Peter is a true professional who genuinely cares for his clients.
Imogen Oates
Imogen Oates
First Time Buyer
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As first time buyers we were nervous but Peter helped us the whole way. Highly recommend
Andrew Brett
Andrew Brett
Foster Carer
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Peter took the time to explain everything very clearly. Really good service.

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