Main Reasons for People Moving Home in Newcastle

Moving Home Mortgage Advice in Newcastle

Moving home can be a daunting task, especially because you will be buying and selling a property at the same time. As a mortgage broker in Newcastle, our job is to take all of this stress away form the process by handling the mortgage side of things.

We know that there are many different reasons for people moving home in Newcastle, such as finding a bigger property to accommodate their growing family or pursuing a new job opportunity in a different location.

Common Reasons for Moving Home in Newcastle

Here are some common reasons why people may find it appropriate to move house:

– Need for a property with a larger amount of space
– Desire for a change in scenery and/or lifestyle
– Need to fit within a school catchment area
– No longer requiring a large space due to changes in the household, such as children moving out
– Desire to be closer to friends and family
– Relocating due to a new job opportunity
– Moving in with a partner or moving away from a partner due to a breakup
– Looking to save money on home costs
– Looking to upgrade to a desired property

Thinking of moving home in Newcastle?

If you have considered any of these points recently, it may be time to consider investing in a new property that fits your current needs. As human beings, we always want new things and new like to think of the bigger picture; it is not unusual for people to want to move home and have a fresh start.

We learn more and more about moving home applicants every year in the industry, and thus by far, the most common reason that they move home is to have a bigger living space. This could be to do with because they are starting a family or just because they want a bigger place to live in.

If you are looking at moving home in Newcastle and need help finding a new mortgage for your new home or porting your current mortgage to your new home, make sure to get in touch with our team. Our experienced moving home mortgage advisors in Newcastle would be more than happy to help you with your moving home mortgage.

Here is a more detailed look at the main reasons people why move home in Newcastle.

For More Living Space

This tends to be the most frequent we find crops up for home movers. Usually we will see first time buyers in Newcastle finding a smaller more convenient house to begin with, opting to move into a new home further down the line once their circumstances have changed.

It is also quite common amongst people who are considering starting a family of their own. Once you become a parent, that small house suddenly becomes much smaller. This can make it difficult to feel like you have your own space.

Doing this may also add to the properties value which could be incredibly useful if you are ever looking to sell your home in the future.

A Change of Scenery

Sometimes people may just be looking to find a change of scenery. There is nothing wrong with that, as it is something quite common. We would argue that it is one of the largest factors outside of space, as to why people may want to move home.

As a mortgage broker in Newcastle, we often hear from prospective home movers in Newcastle that they had a low budget when they first bought their home, though now that has changed and they’d like to invest in a higher-end property in a different location.

It is very likely that those types of borrowers are on a much higher income than they were previously and are looking to find a home that is in a much more affluent area than the one that they are currently living in.

When you buy your first home, it is not likely that you would consider a choice of schools if you didn’t already have a family. That can change though once a family is formed, and so you may consider moving home to be closer to better education options.

To Be Closer to Family & Friends

We also find that many who are moving home in Newcastle will look to do so, as a way of living closer to family and friends. Once again, this is much more common with couples starting a family of their own.

If both parents are to be working full time, then it is more than likely that they will ask their own parents to help them out with childcare. Private nurseries are usually quite expensive and may not always be close by.

Moving home in Newcastle can be a tricky decision to make. If you perhaps don’t want to leave but need more space, maybe it’s time to speak to one of our remortgage advisors in Newcastle. They will talk you through your options for raising capital for home improvements.

Remortgage Options in Newcastle

For those who have developed an emotional attachment to their homes, moving home in Newcastle can be a challenging decision, as the property holds lots of cherished memories.

When it comes to deciding whether you want to move home or not, you should think about how you can invest in your current home. Instead of moving home in Newcastle, some homeowners choose to remortgage their current property. Common investments include extensions, kitchen renovations, garage or loft conversions, and home offices.

If you are considering remortgaging for home improvements in Newcastle, our team of knowledgeable mortgage experts is here to help. We offer a free remortgage review to discuss your options and compare the potential cost of raising money for home improvements versus moving house.

Our trusted mortgage advisors in Newcastle can also assist with calculating the maximum amount you can borrow and provide a monthly payment estimate to help you plan for your next steps.

Moving Home Mortgage Advice in Newcastle

If do want a remortgage and want to look at moving home in Newcastle, we believe you will benefit from taking out expert mortgage advice in Newcastle. Book your free mortgage appointment today and a dedicated mortgage advisor in Newcastle will be in touch.

They will be able to calculate your maximum borrowing capacity and give you a rough estimate on the costs you will be possibly looking at paying per month, once you have moved home.

Even if you are swaying more towards your options for a remortgage in Newcastle, get in touch today and benefit from a free remortgage review with one of our expert remortgage advisors in Newcastle.

Date Last Edited - 21/06/2022