Considering a move to your next home?
Most likely, you've undergone the mortgage process before, and it's familiar to you. However, the mortgage industry is constantly evolving, and there have been some changes in the last few years. Here at I.I Financial Service, we are fully up to date with all the latest rules, regulations, and lenders. We have access to over range or products, some of which are not always available on the high street. So, we are confident that we can find a product to suit your circumstances.
Home Mover FAQs
1May I Transfer My Current Mortgage?
The ability to transfer your current mortgage depends on the terms of your existing mortgage. In theory, many mortgage products can be transferred to another property, but you will need to reapply, as your lender must ensure that the mortgage remains affordable. It might be worthwhile to explore whether it would be financially advantageous to switch to a different mortgage provider. Our experienced Mortgage Advisers can investigate this for you to ensure that you obtain the most advantageous deal
2Will I Be Required to Make a Redemption Payment?
If you choose not to transfer your mortgage and you are still within the initial term of your mortgage product, it is probable that you will be subject to a redemption penalty for terminating the product prematurely. In certain situations, it may be advantageous to pay the redemption fee and switch to a more favorable deal to lower your monthly expenses instead of porting your current mortgage. Our Mortgage Advisers can assess this for you at no cost.
3Is it Advisable to Remain with My Current Lender?
Remaining with your current lender can be advantageous, given the track record you've established with them. However, it's also worth exploring what other lenders can provide, as there is significant competition among lenders. Feel free to get in touch with our team of approachable Mortgage Advisers who can research this for you.
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Our address
I.I Financial Services
Expressway Office I.I
1 Dock Road
London
E16 1AH