The advantage of buyers looking at purchasing their second, third or even fourth home, is that you properly have more capital available than first time buyers. You will likely be earning more by the time you are considering moving to another home and can often use your existing property to fund the purchase of the new one, either by selling it and using the money for the deposit, or by renting it out and using this capital for monthly payments.
The problem with getting a new mortgage when you already have one is that timing is much more important and you are at even greater danger of accruing hidden costs. This is why is important to work with experienced mortgage professionals to ensure that costs are minimised and you are getting the best use out of your money throughout the process.
Speak to our mortgage advisors to help you decide between the two basic options available when moving home – keeping the mortgage you have or finding a new one.