Home Buyers
Mortgages
Moving home is a big decision, and can be life-changing. Whether you are looking to move up the property ladder, or hoping to downsize, it’s important you get the right mortgage so you can have complete financial peace of mind.
We have helped thousands of home buyers like you, move to their next dream home, so we understand the emotional highs and lows of moving house. As an experienced Nottingham mortgage broker, we work for you and always have your best interests at heart. Supporting you every step of the way, you can move home confidently with our expert mortgage brokers by your side.
Home Buyers
Mortgage Advice in Nottingham
Moving home is exciting, but can also be a very stressful time. Often with the added pressures of selling your existing property, whilst trying to secure your new home – the process can feel a little more taxing, than when you bought your very first home.
A home mover mortgage is a standard mortgage offered by most lenders in the market. When moving home, you can either transfer your current mortgage over to your new property – called porting – or find a new deal altogether by remortgaging with your existing lender or a different one. After you have found the best suited deal to your needs, the mortgage lender will assess your application based on your affordability as with all standard mortgages, then provide you with a maximum loan amount they think you can afford.
Your ability to secure a mortgage on your new property, and the rates you will be offered, may also depend on whether your new home is more expensive or cheaper than your current one. If you are looking to move up the property ladder, to a more valuable home, then the lender will need your application to prove that you can afford the higher repayments. If you’re downsizing then may even be able to buy your new home outright if the value of your current property has increased and the difference in value between your old and new property is wide enough.
We always advise securing an agreement in principle before looking for a property, only applying for a new mortgage once you’ve found your new home and sold yours.
How We Work with you
Assess your affordability
Provide you with an agreement in principle
Help negotiate your offer
Submit your mortgage application
Advise on adequate life insurance to protect you and your family
Liaise with estate agents and solicitors
Provide suitable property insurance
Achieve a mortgage offer
Assess your affordability
Provide you with an agreement in principle
Help negotiate your offer
Submit your mortgage application
Advise on adequate life insurance to protect you and your family
Liaise with estate agents and solicitors
Provide suitable property insurance
Achieve a mortgage offer
We start by getting to know you and your circumstances. Once we have assessed your affordability, and understand your goals – we will search the market to find the best suited mortgage deal for you. We will then apply for an agreement in principle with whoever we think is the best lender for you on that day. If you pass the credit check, we can then provide you with an ‘Agreement In Principle’ Certificate which will confirm your affordability with estate agents, when searching and offering on your new home.
Once you’ve found your dream property, we will help you negotiate an offer with the agent. Then, once your offer has been accepted, we will reassess the market again to ensure the mortgage we offer is the best one for you. Lenders offer new rates to the market daily, so we always check again on the day that you submit your application.
Submitting your application to the lender, we then handle the entire mortgage application process for you. We deal with the mortgage lender, estate agents, solicitors and advise you on adequate life insurance to ensure you and your family are protected. With Castlegate Financial Services by your side, you can have complete financial peace of mind at one of life’s most stressful times.
Castlegate Financial Services
Giving you financial peace of mind
Speak to our
fabulous brokers
For help and advice with your mortgage,
speak to our fabulous brokers today.
Frequently
asked questions
A mortgage broker is a mortgage expert that can arrange a mortgage between you (the borrower) and a mortgage lender. Castlegate Financial Services is a team of experienced mortgage brokers who can work with you to assess the market to find the best-suited mortgage products for your personal financial situation, handling the entire application process on your behalf.
There are a few things that can affect how long a mortgage application takes, like which lender you’re applying with, what information they’ve asked you for, and how complex your situation is. But generally speaking, once you’ve submitted an application, it can take between 4-6 weeks for the lender to approve. This can take longer if you’re going it alone. Having an experienced mortgage broker by your side can help ensure your application and paperwork is all in hand, to prevent any unnecessary delays.
Experienced mortgage brokers work with mortgage lenders day in and day out. This means using an expert mortgage broker like ourselves really can be invaluable in helping you find the best mortgage product without the stress and wasted time going back and forth with lenders. Handling everything from searching for a deal, to applying and communicating with the lender on your behalf. Our brokers will also know which lenders are likely to accept your application, helping you to steer clear of applications that may not be accepted (which can have a negative impact on your future applications) and advise on how to improve your application.
To get a rough idea of how much you might be able to borrow, you can use our borrowing calculator. We calculate this based on a simple income multiple, but, in reality, it’s much more complex, and is always best to speak to one of our brokers. After getting to know you, we will be able to give you an accurate idea of your borrowing potential, based on your own circumstances. Mortgage lenders calculate how much they’ll lend based on both your income and your outgoings among other factors, so the calculator provides useful guidance but should be seen as a rule-of-thumb result only.
mortgage advice & insights
SM
Sian Mitchell
Due to Covid, the NHS are experiencing huge delays and people are struggling to get the medical care and attention they need. The substantial delays for referrals, treatments and routine/planned surgeries are putting people at risk who are not getting the medical attention they need in time resulting in anxiety, stress, prolonged pain and in some cases the delays are preventing people catching things early enough to treat.
SM
Sian Mitchell
If you’re nearing the end of your fixed-rate then looking for a new mortgage deal is probably already on your to-do list this month and if you’re already on your Standard Variable Rate – then it definitely should be!
But nearing the end of your current deal isn’t the only reason you might consider remortgaging. After helping clients remortgage for nearly 40 years, we know there are a whole host of reasons why remortgaging could be the best financial move – so here are our top 10 Reasons Why You Might Remortgage.
SM
Sian Mitchell
Buying, selling and moving home can be stressful enough, without the added frustration of delays with your mortgage application!
There are a few factors that can affect how long your mortgage application takes – like which lender you’re applying with or how complex your situation is. However, one delay that you can avoid, is missing or incorrect mortgage application documents requested by the lender.
SM
Sian Mitchell
Overall property has always represented a good long-term investment opportunity, and is still one of the four most common types of investments, alongside cash, bonds and shares. Resilient and a largely stable investment market, historical evidence shows that property has the power to weather huge events such as the global financial crisis and the SARS outbreak, coming out of the other side stronger.
SM
Sian Mitchell
Never worked with a mortgage broker before and wondering whether you really need one? We explain what a mortgage broker is and how a good mortgage advisor can save you time, money, and stress!
SM
Sian Mitchell
Due to Covid, the NHS are experiencing huge delays and people are struggling to get the medical care and attention they need. The substantial delays for referrals, treatments and routine/planned surgeries are putting people at risk who are not getting the medical attention they need in time resulting in anxiety, stress, prolonged pain and in some cases the delays are preventing people catching things early enough to treat.
