Frequently Asked Questions

Understanding your true buying power is crucial:

• We'll calculate your available equity (current value minus remaining mortgage)

• Assess potential to clear existing debts using equity to boost affordability

• Consider your current income and outgoings

• Factor in additional borrowing capacity from your increased earnings since last purchase

  Smart Tip: Clearing certain debts with equity can sometimes increase your borrowing potential by £50,000 or more. We'll help you crunch these numbers.

The age-old chicken and egg question of property:

• Rightmove.co.uk research shows being 'ready to proceed' makes you a more attractive buyer meaning you are in a stronger position to negotiate a better price of the onward purchase

• Consider getting an Agreement in Principle before listing your property

• Understand local market conditions (we can help with timing)

  Options if you find a property before selling:

• Non-simultaneous completion mortgages (subject to affordability)

• Bridge loans for temporary funding

• Sell-and-rent-back options

• Chain break solutions

Strategic improvements that add value:

• Focus on key Rightmove search criteria buyers use

• Prioritise improvements that boost your home's visibility online

  Cost-effective upgrades that increase value:

• Energy efficiency improvements

• Kitchen and bathroom refreshes

• Creating additional parking

• Garden landscaping

• Professional photography and staging tips

Understanding your current mortgage position:

• Early repayment charges and how to minimise them

• Options for porting your existing mortgage #

• Strategies for timing your sale with your fixed rate end date

• Potential to combine equity release with remortgaging

The Mortgage Dog's Strategic Approach We'll help you:

• Calculate the exact costs of each option

• Time your move to minimise charges

• Compare porting vs new mortgage deals

• Structure your borrowing efficiently

• Plan for future rate changes

• Consider your long-term property goals

  Remember: Every mortgage and move is unique. We'll analyse your specific situation and create a tailored strategy that saves you money and stress.

Moving costs can stack up. Here's what to plan for:

• Estate agent fees (typically 1-3% + VAT)

• Stamp Duty Land Tax on your new purchase

• Solicitor fees for both sale and purchase

• Moving costs (typically £1,000-£2,000)

• Potential mortgage arrangement fees

• Survey costs

• Home improvements for your new property

  Pro Tip: We can help you build these costs into your mortgage planning, potentially using equity to cover some expenses.