A Guide to Upsizing your Home
What does upsizing your home mean?
The pros and cons of upsizing
Upsizing has advantages and disadvantages, including the following:
Pros | Cons |
A bigger house often means more indoor and outdoor space, including a garage, a garden and a guest room. |
Upsizing may lead to higher maintenance costs and utility bills. |
Upsizing can increase your home’s value over time. |
Larger homes are more expensive, meaning you may need a bigger deposit. |
Bigger homes help you avoid clutter. |
Higher mortgage rates may mean higher monthly repayments. |
Things to consider before upsizing
Alternatives to upsizing
Help to Sell Schemes
We have a range of schemes to help you sell your existing home.
Parent Power
Parents can also help. Typically they (or a close family member) could help you with your deposit, or guarantee your mortgage, or act as a joint applicant.
Low Deposit Schemes
If you have a low deposit, we have a variety of schemes to help make moving more affordable.
Key Worker Scheme
We could help make your move with our Key Worker Deposit Contribution Scheme.
Own New - Rate Reducer
Own New - Rate Reducer is a brand-new scheme available on new build homes that could mean lower mortgage rates and reduced monthly payments.
Part Exchange
We could be your guaranteed buyer. No stress or fuss, just an easy move for you and your family.