You've finally built up enough equity to play with and you're wondering which direction you should take. With a growing family, building in underneath sounds like a good idea. Or should you consider a new address altogether? Let's explore your finance options:
- Bridging loan - briging loans are used to cover the cash flow gap between buying a new home and selling your old property. These are short term loans and the repayments are interest-only
- Loan top up - if you're happy with your current loan and lender, one way to fund your new house is by increasing the balance of your loan
Mortgage Choice is in the business of looking after you and your loan, every step of the way. Once we've helped you find the right loan for your situation, we will check back with you from time to time to see if it's still doing the best for you. If it's not, we'll be more than happy to find you another product with another financial institution at no cost to you.
The only fees you'll need to pay are the administration fees when transferring your loan over to another bank which we can discuss when or if that time comes.