There are all manner of life events that cause us to consider moving home throughout our lives. For example, you could be:
* Raising a family
* Moving to a new school catchment area
* Changing job
All these situations will mean there is a material change in your financial position, so there are points to consider before you make your final plans.
Humans can be creatures of habit and if you’ve received a good service from your existing lender then it is logical to go back and see if they can help you. However, the complexities of the mortgage market means deals are constantly launched and withdrawn, so your current lender may not be able to provide the best deal for you in your individual circumstances.
Using a mortgage broker like Varsity Finance gives you access to a much broader range of mortgages, including specialist mortgages designed for people with complex circumstances. Plus, if you decide to go direct and don’t get your application approved, you may waste valuable time contacting another lender and miss out on the property you’ve been looking for.
Your home or property may be repossessed if you do not keep up repayments on your mortgage.