Moving home is exciting, but the mortgage process doesn't have to be overwhelming. Friends Capital guides you through every step to secure the best possible deal for your circumstances.
Moving home involves several key stages, and we're here to support you through each one:
We'll start by understanding your moving goals and reviewing your current financial situation. This includes examining your existing mortgage (if you have one), assessing your income, and determining your budget for the new property.
Most lenders require at least 5-10% of the property value as a deposit. Government schemes like Help to Buy and Lifetime ISAs can help boost your savings.
Whether you're considering porting your existing mortgage or seeking a completely new deal, we'll explore all available options. We'll explain the pros and cons of each approach based on your specific circumstances.
Check your credit score, gather necessary documents, and understand your budget. We'll help you prepare for the mortgage application process.
Using our extensive market knowledge and lender relationships, we'll search the entire mortgage market to find the best deals available. We'll then prepare and submit your application, ensuring all documentation is complete and accurate.
With a mortgage in principle, you can start viewing properties within your budget and make offers with confidence.
With a mortgage decision in principle, you can house hunt with confidence, knowing exactly what you can afford. We'll be on hand to provide guidance throughout your property search.
Once your offer is accepted, we'll guide you through the legal process, surveys, and final mortgage application to completion.
Once your offer is accepted, we'll liaise with your solicitor, oversee the mortgage process, and ensure everything progresses smoothly towards completion. We'll keep you informed every step of the way.
Congratulations! You've completed your purchase and can now move into your first home. We'll still be here for any future mortgage needs.
Congratulations! You've successfully moved to your new home. We'll remain available for any future mortgage needs and will keep in touch about potential remortgaging opportunities.
Once your offer is accepted, we'll guide you through the legal process, surveys, and final mortgage application to completion.
Buying your first home can seem daunting, but we're here to guide you through each step of the process.
We'll start by understanding your moving goals and reviewing your current financial situation. This includes examining your existing mortgage (if you have one), assessing your income, and determining your budget for the new property.
Whether you're considering porting your existing mortgage or seeking a completely new deal, we'll explore all available options. We'll explain the pros and cons of each approach based on your specific circumstances.
Using our extensive market knowledge and lender relationships, we'll search the entire mortgage market to find the best deals available. We'll then prepare and submit your application, ensuring all documentation is complete and accurate.
With a mortgage decision in principle, you can house hunt with confidence, knowing exactly what you can afford. We'll be on hand to provide guidance throughout your property search.
Once your offer is accepted, we'll liaise with your solicitor, oversee the mortgage process, and ensure everything progresses smoothly towards completion. We'll keep you informed every step of the way.
Congratulations! You've successfully moved to your new home. We'll remain available for any future mortgage needs and will keep in touch about potential remortgaging opportunities.
If you currently have a mortgage, you may be able to transfer it to your new property. This is particularly beneficial if you're on a competitive fixed rate.
You'll still need affordability and credit checks, plus a new valuation. Legal fees, stamp duty, and lender criteria will apply.
We can arrange fresh applications with any lender in the market
This gives you access to the latest deals and potentially better terms.
We offer various specialised solutions depending on your circumstances. Chain-free purchases get faster processing, whilst negative equity situations receive specialist support.
Bridging finance helps with timing between purchases. Let-to-buy mortgages convert your current home to a rental whilst purchasing elsewhere.
When moving home, your borrowing capacity depends on several factors:
Lenders typically offer between 4-4.5 times your annual income (or joint income for couples).
However, some specialist lenders may offer higher multiples for certain professions or circumstances.
Beyond income multiples, lenders conduct detailed affordability assessments, examining:
If you're selling your current property, the equity you release can significantly boost your buying power for the new home. We'll help you calculate your available equity and plan your move accordingly.
If you need to borrow more than your current mortgage amount, we'll assess your eligibility for additional borrowing and find lenders willing to accommodate your requirements.
The deposit requirement for home movers varies depending on your situation:
If you're selling your current home, the equity you've built up typically serves as your deposit for the new property. This often means you'll have a substantial deposit, potentially securing excellent mortgage rates.
Minimum Deposit Requirements:
If you're buying before selling, you may need to arrange bridging finance or consider other solutions to fund your deposit temporarily.
Our comprehensive service is designed to make your moving experience as smooth as possible. We have established relationships with home mover mortgage lenders and can access exclusive deals not available to the general public, ensuring you get the most competitive rates available. Our advisers understand the unique challenges home movers face, from managing chains to timing completions, and we provide ongoing support that doesn't end at completion.
Our experienced mortgage advisers understand the challenges home movers face and are dedicated to making your journey onto the property ladder as smooth as possible. We'll be with you every step of the way.