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Struggling to move home?

Article posted on Friday, July, 8th, 2011 at 7:29 am

There are thousands of homeowners in the UK who are desperate to move their mortgage to a new property but borrowers are finding it a lot harder to move their mortgage, as they are finding that they are no longer eligible for a mortgage as the bank has changed its criteria.

Only last week the Bank of England said the housing market remained very ‘subdued’ and this was largely down to the tough criteria and restrictions in place to homeowners. Many have fallen foul to new affordability tests and lack of equity.

Interest rates are the lowest since records began, but moving home is harder then ever which is why registering with findfinancialadvice might be the best you can do as your adviser will be able to walk you through all your options and show that you that moving home can be a reality.

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