Keystone IMC Mortgage Section The cost of moving home & obtaining a mortgage
Purchasing a property is an expensive time and when combined with obtaining a mortgage and possibly selling a property, costs start to escalate. That's why we have designed this very popular form to help you work out what these costs will be.
The form is very easy to use. Simply enter the numbers and the totals will be worked out for you. You can also refer to the mini glossary on the right which includes some of the terms on this page that you may not fully understand or better still call Keystone Independent Mortgage Consultants on 01394 389449 and speak to a real person.
Try to complete the form as accurately as possible with confirmed figures, for example if you are not sure what your estate agency fee is then call them and ask.
Keeping your LTV as low as possible is very important when applying for a mortgage. Lenders typically offer lower rates depending on what the LTV is.
This is a tiered system where the highest rates are for mortgages above 85% LTV.
The rate offered gets better as the LTV falls. For example, 80% will get you a good rate, 75% LTV will get you a better rate and if you can get as low as 60% LTV you are going to get an even better rate compared to higher LTV's.
What we are really saying here is that it's worth seeing what products would be available if you borrowed a little less. It could save you money.