Moving House
Moving house can be a stressful experience, having to manage both your sale and purchase. At IMA Mortgages & Protection we will take care of the mortgage part for you so it is one less thing to worry about! Even if you are tied into your current mortgage and the best advice is to transfer or port it to another property, we can deal with this complicated process for you.
What we can do for you
Look at a wide range of lenders to establish the maximum borrowing available
If you already have a mortgage assess whether to port or transfer it to your new property
Advise you of the costs involved with the house move, plus recommend solicitors and surveyors if required
Find the best deal available for your circumstances, looking at what your current lender has to offer and comparing it to the market
Arrange and manage your application with the lender, answering any questions you may have along the way
Liaise with your solicitor and estate agent to progress the purchase through to completion
Expert Mortgage Advice, Without the Broker Fees*
At IMA Mortgages & Protection, we believe expert mortgage advice shouldn’t come with an extra cost. That is why we offer personalised mortgage advice with no broker fee.
Whether you are buying your first home, moving house or remortgaging, our experienced advisers will help you explore your options and find a mortgage that suits your needs.
We believe it’s important that you fully understand your mortgage options before making any decisions. We pride ourselves on clear, transparent communication, taking the time to explain your choices, answer your questions and provide guidance tailored to your circumstances throughout the mortgage process. Get in touch today to see how we can help.
* excluding Buy to Let & Later Life Mortgages
Frequently Asked Questions
What is a mortgage?
A mortgage is a loan from a bank or building society that enables you to purchase property. The loan is repaid with interest over a number of years, with the term for doing this dependent on your personal financial circumstances.
A mortgage can be held by an individual or jointly between one or more people, but if you do not keep up your repayments, your home could be repossessed by the lender.
How much can I borrow?
How much you can borrow will depend on your income, outgoings, level of deposit and credit history.
Our team of experienced mortgage advisers will help guide you through this process. With their in-depth knowledge of the mortgage market and understanding of individual lenders criteria, they can identify the most suitable options for your circumstances. Their experience working with a wide range of lenders enables them to present your application in the strongest possible way, helping to make the process smoother, quicker and less stressful for you.
How much deposit do I need?
The minimum deposit is typically 5% of the property price, although 10% or more gives access to better rates. Some schemes and lenders accept smaller deposits in specific circumstances.
What does loan-to-value mean?
Loan-to-value is the ratio of your mortgage to the property’s value, expressed as a percentage. For example a £180,000 mortgage on a £200,000 property is 90% LTV. Lower LTV generally means lower interest rates as the lender's risk is reduced.
What does a mortgage adviser do?
A mortgage adviser helps you find a mortgage that suits your needs and circumstances. They assess your income, outgoings and deposit, explain your options, and recommend a suitable mortgage from the lenders they have access to.
At IMA Mortgages & Protection, we will also handle your application, liaise with the lender and support you through to completion—helping make the process clearer and less stressful, whether you’re buying your first home, moving or remortgaging.
What is an Agreement in Principal, and do I need one?
An Agreement in Principle (AIP) is an indication from a mortgage lender of how much they may be willing to lend you, based on an initial assessment of your circumstances. It isn’t a guaranteed mortgage offer.
You don’t usually need one to start viewing properties, but it can help you understand your budget and show estate agents and sellers that you’re a serious buyer. Some estate agents may ask for one before accepting an offer.
We can help arrange an AIP and explain the next steps.
