Home Mover Mortgage
Make your next move on the property ladder.
Whether you’re moving to a bigger house or downsizing, we can help you find the right home mover mortgage for that next step. Even though you’ve been through the mortgage process before, you’ve now got the added stress of selling as well as buying. Having an expert on your side will make your life easier. We’ll guide you through the options, source your new mortgage and manage the process from application to completion.
With your mortgage ticked off the list, you can focus on the move and the excitement of your new home.
Your home mover mortgage options
When it comes to moving house, there are several mortgage options to consider. You can seek a new mortgage with an alternative provider, borrow additional funds to cover renovations or port your existing mortgage. Porting means transferring your mortgage to your new house. This option might seem the easiest, but it’s not always financially beneficial.
We’ll review and evaluate your options so you can make the right mortgage decision for your move.
With access to the whole mortgage market, including broker-only lenders, we can find the right home mover mortgage for you. And as impartial advisers, you can trust that our recommendations are in your best interests.
Get in touch for an initial free, no-obligation chat with an adviser about the most suitable home mover mortgage option for you.
Home Mover Mortgage FAQs
- Should I port my mortgage or switch to a new lender?
You might want to port your mortgage to your new home if you have a particularly competitive rate or you want to avoid early repayment charges. Alternatively, switching to a new lender might give you a better deal. Sometimes, an existing lender won’t let you port your mortgage, so you’ll have to find a new one. The exact answer will depend on your specific circumstances. We can help you determine the right option.
- How long does it take to get a home mover mortgage offer?
The exact amount of time can vary by lender, the house you’re buying, and the timing of the mortgage valuation survey. However, we usually expect to receive an offer within a month of applying.
- Do I need a deposit for a home mover mortgage?
You will need a deposit of at least 5% for your new mortgage. The deposit can be taken from the equity in your home when you sell your existing house.
- How much can I borrow as a home mover?
The amount you can borrow will depend on several factors including your income, outgoings and deposit. Every lender assesses affordability and risk differently, so some will lend more than others. With access to a wide range of lenders, we can approach those more likely to give you the mortgage you need.
- What are the mortgage costs when moving house?
Several costs are involved in moving home. These include estate agent fees for your house sale, solicitor’s fees for the sale and purchase, Stamp Duty on your purchase (depending on the purchase price), and valuation fees for your new mortgage. You may also need to pay a mortgage broker fee and may have removal costs.
See how much you can borrow
See what’s within reach with our straightforward mortgage calculator. Estimate your monthly payments, try out different options, and take the first step towards your future home.
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