Moving Home Mortgage Advice in Nottingham

There are a number of reasons why someone may want to move home. As a Mortgage Broker in Nottingham, we are going to explain the most common reasons why moving home in Nottingham may be the best option for yourselves:

More living space 

Over the years, borrowers have wanted to move home because they wanted more space to live. Some first time buyers in Nottingham choose for a smaller and more affordable property to start, and when their circumstances change down the line, like starting a family, then they will consider moving somewhere with ‘better’ living arrangements.

Another way to make more living space, rather than Moving Home in Nottingham, is to Remortgage to raise capital to build an extension. This option is trendy amongst growing families and could give that extra bit of space you need.  
 
We often find parents convert their loft into a bedroom for one of their children, which could mean you have a spare room that you could make into a gym or home office. It’s up to you! People may also remortgage for home improvements to raise their property value when they sell it in the future. 

Change of scenery 

Wetend to find some people look to move home for a change of scenery by looking into different areas. Most of this percentage of borrowers are likely First Time Buyers as they usually have a limited budget and settle for lower-end properties with reasonable prices. The chances are that these borrowers now have a higher income and want to live in a more affluent neighbourhood.  
 
People don’t consider the choice of schools when moving into their first home as they may have not even thought about starting a family yet. People who have started or are planning to start a family will factor in accessible education within the area when looking at relocation. 

Family & friends

Some home movers inform us that they wanted to move closer to their friends and family. This situation often comes about when couples start a family. If both parents are working full time, they will be more than likely to ask their parents to help them with childcare. Private nurseries can be expensive, and sometimes parents find it hard to work around nurseries due to distance. 

Buying vs renting

Most First Time Buyers in Nottingham will always choose to buy over renting; however, people moving home may consider the other side of the coin. Whether you are renting or buying, the monthly payments are usually roughly the same. Either way, moving home can be a tricky decision.  
 
Like we said before, if you don’t want to move out but want more living space, maybe it’s time to speak to one of our Remortgage Advisors in Nottingham who will help you find a great deal to raise money for home improvements. 

Speak to a Mortgage Advisor in Nottingham 

Are you thinking of Moving Home in Nottingham? Do you want to know how much Moving Home could cost you? If so, you should book your free mortgage appointment today to speak to a qualified Mortgage Advisor in Nottingham. They will calculate your maximum borrowing capacity and give you a quote on your monthly payments.

Date Last Edited: November 21, 2023