Moving home mortgage advice
Dreaming of a new home? Whether you're expanding, downsizing, or simply looking for a fresh start, we're here to help you find the right mortgage.
YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
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Why choose us
Focus on the excitement of moving into your next home and let us handle the mortgage search, application, and everything in between.
Save Time
Don’t waste your valuable time researching mortgage rates and completing lengthy application forms. We’ll take care of it for you.
Save Money
Save money on your mortgage with better rates and lower application fees, it could mean big savings on your monthly payments.
Get Exclusive Rates
Your mortgage adviser has access to 1000’s of mortgage rates and exclusive offers that that may not be available to you directly.
How it works
Getting expert financial advice shouldn't be complicated. From your first conversation to finding the right solution, we'll guide you every step of the way.
Book a callback
Choose a convenient time to speak with an adviser. We're available 7 days a week, from 8am to 8pm.
Lets talk
Tell us what you'd like to achieve. We'll understand your circumstances and explain the options available to you.
We'll guide you
Your adviser will recommend suitable solutions, handle the paperwork and support you through the process.
What should you know before moving home?
Whether you're upsizing, downsizing or relocating, here's what to consider when arranging a mortgage for your next home.
Your property equity
The equity in your current home could help fund the deposit for your next property. How much you have available depends on your home's value and outstanding mortgage.
Porting your mortgage
You may be able to transfer your existing mortgage deal to your new home, potentially avoiding early repayment charges. Porting is subject to your lender's approval and affordability checks.
How much you can borrow
Your income, existing commitments and the equity in your property can affect your borrowing options. If you're upsizing, you may need to borrow more to fund your next home.
Costs of moving home
Budget for estate agent fees, conveyancing, removals and any applicable Stamp Duty Land Tax. Mortgage fees and early repayment charges may also apply when changing properties.
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Moving home mortgage FAQS
Mortgage porting is the process of transferring your existing mortgage from your current home to a new property Your moving home mortgage adviser will see if this is possible when reviewing your exiting mortgage deal.
Mortgage porting is often considered when you're moving to a new home and want to avoid the costs and hassle of applying for a new mortgage.
Not all mortgages are portable. Check with your lender to see if your current mortgage is eligible.
Lenders may charge an ERC if you make an overpayment in excess of any stated limit, if the loan is repaid early or if you remortgage during the early repayment period. This can amount to a significant cost, so you should always check the early repayment terms in the offer letter from your lender.
Fixed-rate mortgages: With a fixed-rate mortgage, your interest rate will stay the same for the entire term of the mortgage. This can provide peace of mind, as you know exactly what your monthly payments will be. However, if interest rates rise, you will not benefit from the lower rates.
Variable-rate mortgages: With a variable-rate mortgage, your interest rate will fluctuate based on the Bank of England base rate. This means that your monthly payments may go up or down, depending on the market. However, if interest rates fall, you will benefit from the lower rates.
Tracker mortgages: A tracker mortgage is a type of variable-rate mortgage that tracks the Bank of England base rate. This means that your interest rate will always be a certain percentage above the base rate.
Discounted mortgages: A discounted mortgage is a type of variable-rate mortgage that is offered at a discount to the lender’s standard variable rate (SVR). This means that your interest rate will be lower than the SVR, but it may still fluctuate.
First time buyer scheme: Help to Buy: Equity Loan | Shared ownership | The Mortgage Guarantee Scheme
These are the costs your lender will charge you for arranging your new mortgage (where applicable). Some mortgage lenders will allow the fee to be added on to your mortgage, but this means you will be charged interest on it over the mortgage term.
