House Buying

BUYING A HOME

You may be considering buying a larger property in order to accommodate a growing family or perhaps downsizing in order to prepare for your retirement. Whatever your requirements may be we understand that moving can be a considerably testing time. We at Mahay Financial Services endeavour to make arranging your finances for your move as stress-free as possible.


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Factors to Consider

When moving to a new home there are some important factors you need to keep in mind. In particular, concerning the financing of the move, we ask you to firstly consider two possible options:

- Taking your current mortgage arrangement with you, known as 'porting'.
- Applying for a completely new mortgage.

When making this decision, it's important that you carefully consider all the costs involved in retaining your current product against the cost of moving to a differing product or lender. Mahay Financial Services undertake this considered analysis for you and will present you with the positive and negatives of both options.

Porting can be very advantageous and virtually cost neutral especially if you do not require any additional borrowing or if you're moving to a cheaper residence (subject to circumstances, due diligence and lender criteria).

Making an incorrect decision regarding the financing of your new home can be considerably costly and so it is very much recommended that you speak to an independent adviser if you're unsure on how to proceed with the purchase.

For more information please fill in the contact us form or give us a call and a dedicated account manager will run you through the process.

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How much can I Borrow?

Use our quick calculator below to work out how much you could potentially borrow (GBP).

Your Annual Salary:
Your Partners Annual Salary:
Approx amount you can borrow is:*


"* All potential borrowing is subject to due diligence, lender criteria, affordability checks and credit status.

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