Considering moving to your next home?
Most likely you’ve been through the mortgage process before and it’s familiar to you. But the mortgage industry is forever changing, and there have been some changes in the last few years. Here at the Wolsey Mortgage Company we’re fully up to speed with all the latest rules, regulations and lenders. We have access to over 5,000 products some that are not always available from the high street. So, we’re confident we can find a product to suit your circumstances.
Questions you may have:
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Can I port my current mortgage?
This will depend on the terms of your existing mortgage. Many products are portable to another property in theory, but you will need to reapply as your lender needs to make sure the mortgage is still affordable. It may be worth considering if it would be financially beneficial to change your mortgage provider, our experienced Mortgage Advisers would be able to look into this for you to make sure you’re getting the best deal available.
Will I have to pay a redemption?
If you do not port your mortgage and you are still within the product initial term, you will most likely find that there is a redemption penalty for ending the product early. In some cases, it can be worthwhile paying the redemption and moving to a better deal to reduce your monthly outgoings rather than porting your current mortgage. Our Mortgage Advisers can check this for you for no charge.
Should I stay with my current lender?
It is sometimes beneficial to stay with your current lender as you have built up a track record with them. But also, there is so much competition between the lenders that it is well worth looking at what other lenders can offer. Call our team of friendly Mortgage Advisers who can investigate this for you.
Your home may be repossessed if you do not keep up repayments on your mortgage.
We will charge a broker fee of between £0 and £275, payable on production of mortgage offer. The amount we will charge is dependent on the amount of research and administration that is required.
