A Forever Home is one where you can see yourself living until you either pass away or move into a Retirement Complex or Care Home. Your Forever Home in Gloucester could involve selling a larger property and making the down-sizing move into a bungalow, maisonette or flat. On the other hand it could be that you and your partner are expecting a baby so are selling a smaller property in search of a much bigger, family-sized Forever Home and you are up-sizing. If you are in the down-sizing group the financial gains from selling your larger property should easily pay for the move to a smaller home. However, if you are in the group that are up-sizing the proceeds from the sale of your smaller apartment won’t stretch to cover the higher costs of a much bigger family-sized property. In this particular situation you will need the services of an experienced Mortgage advisor Gloucester such as Genius MA in order to best complete what could be a complex transaction. With over fifteen years’ worth of relevant experience in this bespoke field of expertise, it’s no wonder the Homeowners of Gloucester are turning to these Legal Eagles for advice.
Many lenders will allow you to transfer your mortgage to a new home if you already own a property with a mortgage secured on it. However, you will still need to complete all the credit, income and property checks as you will potentially be looking to borrow more money to buy a more expensive property.
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