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What Are The Main Reasons People Decide To Move House?

Moving Home Mortgage Advice in Sheffield

Moving home can be a stressful, time consuming and costly process, which begs why so many homeowners choose to do it? From lack of space to a new change of scenery, this article will explain the top reasons people decide relocating to Sheffield is the best option.

Bigger living space

We often foresee this with customers, as first time buyers in Sheffield usually go for a smaller property to start with, only for a situation to change down the line that leaves them needing a much bigger living space. 

An example of this is that they may start a family and require some extra room. That said, they might generally want a bigger home than they currently have.

Rather than moving home in Sheffield, some homeowners look to raise capital by taking out remortgage to fund home improvements, such as building an extension, conversion or a home office. 

An increasingly popular option, especially with growing families and could give that extra bit of space you need whilst retaining a place that no doubt has grown in sentiment over time.

People may also take out a remortgage for home improvements to raise the property’s value, just in case they ever look to create an opportunity for turning a significant profit from the sale.

Change of scenery

We hear that some homeowners wanted a change of scenery and were quite intrigued to try out completely different areas.

You’ll commonly find that this section of borrowers tends to be once again first time buyers who had a limited budget and stuck with a lower-end property for the time being due to slightly more reasonable house prices. 

It’s likely that these borrowers now have a higher income than they used to and want to live in a more affluent location.

Family & friends

Other customers tell us that they wanted to move to be closer to both their friends and family. This sort of situation comes up when couples start their family.

If both parents work, this would mean that childcare services are needed. But, seeing as many Private nurseries nowadays are seemingly expensive, parents reach out to relatives for help with childcare.

Speak to a Mortgage Advisor in Sheffield

If you are thinking of moving home in Sheffield, you will need to know roughly how much moving home will cost. Get in touch with a mortgage advisor in Sheffield, and they will help you calculate your maximum borrowing capacity. Giving you an estimated quote on what your monthly payments could be.

For those looking at remortgage, get in touch today and speak to an expert remortgage advisor in Sheffield.

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UK Moneyman Limited is authorised and regulated by the Financial Conduct Authority.
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