Home mover mortgages.
Upsizing, downsizing or relocating. We work out whether to take your current mortgage with you or start afresh, and manage it alongside your move.
What is a home mover mortgage?
If you own the home you live in, with or without a mortgage, and you want to move, you are a home mover.
A home mover mortgage is a new mortgage on the property you are buying. That could mean moving your existing mortgage to the new property, known as porting, or taking out a completely new one.
It may be years since you last moved, and the property and mortgage markets change constantly. What was right last time may not be right now.
Who is it for?
Homeowners who are:
- Buying somewhere bigger for a growing family
- Downsizing to something smaller
- Relocating for work or to be nearer family
- Part way through a fixed rate and unsure whether to port it or pay to leave it
- Needing to borrow more than they do now
How we help.
Moving is a big life event, and life does not stop while you do it. We take the time and hassle out of finding the right mortgage so you can concentrate on everything else.
We compare porting your current deal with taking a new one, across a wide range of lenders. Our recommendation considers your circumstances and plans, along with early repayment charges, legal fees and valuation fees.
It is not just about the mortgage. It is about getting the keys to your new home, and we are with you every step of the way.
Buying a house can obviously be quite stressful, but their professionalism and communication meant I felt completely relaxed and confident that everything was being taken care of properly.
What happens next.
Book a free call
Tell us where you are and what you want to do. There is no obligation and no hard sell.
See your options
We research lenders against your circumstances and explain what we recommend, what it costs and why.
We handle the application
We prepare and submit it, deal with the lender and keep you updated at each stage.
Offer to completion
We stay involved until you complete, and we are here when your deal is next due for review.
Think carefully before securing debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.
You may have to pay an early repayment charge to your existing lender if you repay your mortgage or move it before the end of your current deal.
Still have questions?
How much can I borrow?
There is no hard and fast rule. Every lender works out affordability differently, based on its own criteria and your circumstances. They look at the size of your deposit, your credit profile, your income and your outgoings.
Our affordability calculator gives a rough guide. A conversation gives you a real answer.
Can I take my current mortgage with me?
Many mortgages are portable, which means you can ask to move the product to a new property. You still have to apply again and meet the lender's criteria at that point, and any extra borrowing is usually on a different rate.
We compare porting with switching, including any early repayment charge for leaving your current deal.
How much deposit will I need?
For most movers the equity in the current home forms the deposit on the next one. Most residential lenders want at least 5% of the new property's value. A bigger deposit generally opens up more lenders and lower rates.
What is the best interest rate available?
It is not just about the interest rate. A low rate with a high fee can cost more overall than a slightly higher rate with no fee. We look at the whole picture, including fees, cashback and early repayment charges, and recommend what suits your circumstances.
Have a no obligation chat with us.
So that we can identify your options and the best next steps, book a free call. We will learn about you and your circumstances and put together a plan.