Buying your next home

You’ve been through it all before and you think you’re an old hand at purchasing property. So, why go through Loanscope? Well, we keep on top of the latest deals, so that we can find you a competitive home loan that works for you now and in the long-run. We help you complete all of the paperwork, which as you know can be tedious. And we answer all of those tricky questions about using your equity, negative gearing and offset accounts, so that you come out on top.


When you’re buying your next home, Loanscope can help by laying out all of the options in front of you. We compare more than 600 home loans from over 30 different lenders. Loanscope take the burden away from you by liaising with solicitors, conveyancers, real estate agents and lenders on your behalf.


What to do with your current home

The first decision you will need to make is whether to turn your current home into an investment and rent it out or to sell the property. Loanscope can go through the pros and cons of each option with you.


Equity versus savings

Equity = the current market value of the property – what you owe.

If the market value of your property has increased substantially or you’ve been making extra home loan repayments, you may have accumulated a nice amount of equity to use as a deposit for your next home. Loanscope can advise about how to use your equity wisely.

Alternatively, you may like to buy your next home using a saved cash deposit. Remember, if you borrow more than 80% of the property value, you’ll usually need Lenders’ Mortgage Insurance. Loanscope can arrange Deposit Guarantees for next home buyers whose funds are tied up in investments or a property that’s on the market.


Considering the costs

The times they are a-changin’, especially when it comes to securing finance. The fees associated with buying and selling may be different from when you last bought a property, which is why it’s so important to seek the advice of a mortgage specialist like Loanscope. We help you to remain informed, in control and confident of your home loan decisions.


How much can I borrow?

Once we have worked out your equity and costs, Loanscope can explain how much you can borrow and what the repayments would be. Usually it’s best not to sign up for repayments of more than 30% of your income, after tax.


Please see our online calculators for a rough estimate of how much you can borrow or get in touch to discuss your needs.

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