Many mortgages are for existing borrowers who are selling their existing property and moving to a new property. This may be due to just wanting to move up the property ladder or maybe due to relocation.

What is a Chain?

Borrowers who need to sell their property before they can buy a new property are in what is known as a chain. A chain requiring many different borrowers to sell their existing properties and buy new properties all at the same time can be frustrating, as the more people in the chain the more chance of one of the sales or purchases falling through and affecting everyone in the chain. Selling to a first Time Buyer or buying from a Buy to Let investor or the estate of a deceased person can be advantageous as they will always be at the end of a chain.

With many mortgages being needed for those moving home most high street lenders offer their full range of repayment and interest only mortgages to those moving home, together with a full range of fixed, discounted, capped, and tracker interest rate options.

To search for the best home mover mortgage deal call 08445 045196 or complete the form below.

If you need any help or advice please call 08445 045196 and we will be happy to help. Remember we offer free advice for all of our services including mortgages, remortgages, life assurance, critical illness cover, income protection, secured loans, bridging loans, buildings and contents insurance, and many other finance related services.

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