Homemover

Whether you're upsizing to a larger house or downsizing to a smaller property, we want to make sure that finding the right mortgage is as stress-free as possible. Our award-winning service has helped clients, from all over the UK move home quickly and easily using our comprehensive mortgage advice. Customers often come to Oviso with many questions about their financial situation and the process of acquiring a mortgage. To help, our financial experts have picked out some of the most common mortgage queries and answered them as simply as possible.

Helping you every step of the way

Search thousands of products to find the best deal for you
Help you understand the costs involved with purchasing your home
Prepare your application so lenders are more likely to consider you
Liaise with your lender, solicitor, and surveyor, so you don't have to
Take care of all the paperwork, leaving you to focus on your move
We communicate to always keep you in the picture

Answering your frequently asked questions

With so many options to consider, it can seem very confusing. So, to help you out we've answered some of your most common questions. For more specific advice about the options available for your circumstances, why not get in-touch with one of our friendly advisors.

I’ve found a property I love, now what?

Before you set your heart on the property of your dreams you need to know that you can get the mortgage to buy it. By speaking to OVISO we can assess your current financial situation and let you know what mortgage is available to you and what the monthly payments would be. We provide a comprehensive view of the best options available to you. Once you have decided how much you can afford, you will then need to negotiate your offer with the estate agent. Don’t be shy to put forward a lower offer and be prepared to discuss counter-proposals.

Will I need a deposit in order to obtain a mortgage?

Yes, you will need a deposit. The minimum deposit you will require is 5%, however, the larger the deposit you contribute the more options will be available and will, more likely, offer you a better interest rate.

How much can I borrow?

At Oviso, we recognise that everyone's situation is unique. Mortgage lenders, who assess this based on affordability, will also take into consideration the term of your mortgage, the number of dependents you have, any outstanding debts and the deposit you are providing.

What is an agreement in principle?

Once we have assessed your financial position and selected the mortgage provider that offers the best option, we will complete a credit check with the lender. If this proves successful, you have an agreement in principle (AIP), which gives everyone confidence that your application will be successful. It also shows estate agents and sellers that you are in a position to make an offer as soon as you find your ideal home.

What fees are involved with a house purchase?

It is important to understand the fees involved before you apply for a mortgage to ensure it is affordable.
Below are some of the costs you could incur:
a) Mortgage application, including booking and arrangement.
b) Mortgage Broker advice.
c) Valuation and Survey (A mortgage valuation is a survey that is compulsory with a lender. It is all about determining whether the property is safe to lend on and up to what amount. A homebuyer’s or full structural survey is an optional extra on top of your mortgage valuation. It is a detailed inspection of a property’s condition and will tell you if there are any structural problems).
d) Stamp duty.
e) Solicitor hire.
f) Removal service.

Will I need a solicitor when buying a house?

Yes. A solicitor ensures that the person selling the house has a legal right to do so. They will deal with the stamp duty, land registry, collecting and transferring of money. They will also provide legal advice and process your transactions for the exchange of contracts as well as completion.

Why choose Oviso?

We not only search the market for the best rates we also complete all the admin and form-filling, leaving you to focus on your house move. We always communicate rather than waiting for you to contact us, we pride ourselves in staying in touch both with you and the lender to ensure the process moves forward in a timely fashion.

What are Oviso's fees?

Our initial advice is completely free. However, we typically do charge a fee of £295, which is only payable on offer or completion.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Mortgage calculator

Our simple mortgage calculator can help you to calculate your LTV (loan to value) and what your likely mortgage repayments will be. Remember, you will need to allow for other costs such as stamp duty, solicitor fees and moving expenses.

Cost of property
?
Enter the purchase cost of the property
£
Your deposit
?
Enter the deposit amount. The minimum for a house is usually 10% of the property's value.
£
Mortgage term
?
Enter the number of years you want to pay your mortgage over (between 1-35 years) If you already have a mortgage then enter the number of years you have remaining on your mortgage.
Mortgage interest rate
?
Enter the mortgage interest rate.
%
Mortgage amount
£0
Monthly repayments
£0
Loan to value (LTV)
0%

There will be additional fees that you'll need to include within your house purchase budget

Examples may include: Solicitor fees, Broker fees, Conveyancing fees, Mortgage fees, Stamp duty.

If your mortgage is a fixed rate, your payments will remain the same for the deal period, but could increase at the end of the deal period.

For a more detailed summary of your house purchase costs, it's advisable to discuss the options available to you for your circumstances with a qualified mortgage advisor.

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