Moving Home/Trading up

If you have a growing family or need to move to a new location for a new job, the task of finding a new home becomes more challenging than for first time buyers because of Moving Homethe need to sell your existing home.

While the demand for mortgages from first time buyers remains healthy, the scourge of negative equity (ie. when your house is worth less than your mortgage) means that those who have bought within the last five years will find trading up a much more difficult issue.

There are ways around this, of course, such as if you are in a position to rent out your existing home or if you qualify for a negative equity mortgage.

Whatever the solution, one of your first ports of call should be to contact Foskin Financial, who will establish how much of a mortgage you qualify for on your new home and to shop around on your behalf to get you the best rate and product in the market to suit your needs and circumstances.

You will need to find out how much is outstanding on your existing mortgage and if there are any costs involved in clearing the mortgage.


Don’t forget to budget for additional costs such as Stamp Duty currently 1%, Auctioneers/Estate agency fees, legal fees for both selling and buying, Valuation fees and furniture removal.  Always ask for a written quotation to include Professional fee, outlay and VAT.


Contact Foskin Financial

 For further information

contact us at or

Phone 087-2261572 or 051-885358


WARNING: If you do not keep up your repayments you may lose your home.
WARNING: You may have to pay charges if you pay off a fixed-rate loan early.
WARNING: This new loan may take longer to pay off than your previous loans. This means you may pay more than if you paid over a shorter term.
WARNING: The cost of your monthly repayments may increase.