Page 46 - ESPC Magazine - June 2021

MORTGAGE ADVICE

MORTGAGES FOR HOME MOVERS

Whether you are upsizing or downsizing, when you move house one of the main aspects to
consider is your mortgage. This will help you determine your budget for your new home.

In order to find the right mortgage CAN I SELL MY HOUSE BEFORE THE END
solution for you when you sell, it’s best OF MY FIXED RATE MORTGAGE TERM?
to seek independent mortgage advice. Many people wonder what happens to their
ESPC Mortgages is a team of independent mortgage when they sell and whether they
mortgage advisers based in Edinburgh with a can sell before the end of their fixed rate
wealth of expertise in the mortgage market mortgage period.
and we’re well-placed to help you navigate
the buying and selling process.
When your home is sold, the sale proceeds
will be used to pay off your mortgage
We can help you work out whether you including any early repayment charges and
can port your mortgage, what your early account closing fees. Any funds left over,
repayment charges will be and which usually referred to as the equity, are yours
mortgage lender is most suitable for your to keep or use toward the deposit for your
new property. You can contact us on onward purchase.
fsenquiries@espc.com or 0131 253 2920.
However, some people also choose to take
We answer commonly asked questions on their mortgage to their new property.
mortgage for home movers and property
sellers, including how porting works and the
costs of selling a house.

46 ESPC.COM