As a home mover in Liverpool, it will be likely that you will be charged stamp-duty on the value of your new property at the current stamp-duty rates, especially if the property exceeds the stamp-duty threshold of £125,000. If you are thinking of purchasing a new house before your old home is sold, you may have to pay an additional stamp-duty surcharge of 3%. However, the surcharge paid can be claimed back if you sell your old property within three years of purchasing your new property.

The typical fees a home mover is likely to incur will be legal fees to pay for the conveyancing of selling your property and additional legal fees to pay for the conveyancing of purchasing your new property. Other costs for moving home in Liverpool, could be to pay valuation fees or a product fee depending on the mortgage deal.

Depending on your current Mortgage deal, you may be able to switch your mortgage to a different property if your mortgage deal has a ‘Porting’ option. Our Mortgage Advisors in Liverpool will be happy to help you port your mortgage product to your new property.

You should start your new mortgage process once you have marketed your current property, by looking at the most competitive mortgage deals with your Mortgage Advisor in Liverpool. Cassidy Mortgages will be able to get your Agreement in Principle in place, so you are able to make offers on other properties once your home is sold.

Usually, as an estimate the amount you can borrow is normally 4.5x your annual income. However, many Mortgage lenders have different affordability criteria and they will have to consider your expenditure to determine your overall affordability criteria. This is why our Mortgage Advisors in Liverpool, will require you to complete our Fact Find, so we are able to get you an Agreement in Principle to find out how much a lender is actually willing to lend to you.

For residential Mortgages, the minimum deposit when buying a house in Liverpool is typically 5% and between 20-25% for Buy-to-let Mortgages.

Our first job as your Mortgage Broker in Liverpool, is to conduct our free telephone consultation, where we will have an initial chat and invite you to complete our Fact Find. This is to understand your personal and financial circumstances, so we can recommend the most suitable Mortgage Product. Upon completing the Fact Find, we will aim to obtain your agreement in principle within the same day. Following the AIP, we will submit the Mortgage Application processing all the paperwork on your behalf and we will be by your side until you complete.

At Cassidy Mortgages building a client relationship is very important us, so the purpose of our free Mortgage Consultation is to understand your current requirements and needs. Followed by a Fact Find to gain an insight about your financial situation. After we have all of the necessary information, your Mortgage Advisor in Liverpool will shop the Mortgage marketplace for the most suitable deal for you.

As a Mortgage Broker in Liverpool, Cassidy Mortgages will typically charge a fee of £300, which is payable at the Application stage when the application is submitted. However, as we provide a service of advising and getting you a Mortgage, our fee is NOT applicable if we are unable to get you a Mortgage.