Moving home is a stressful time. We help guide you through the process and make it as straightforward as possible.
If you're moving home, you have several mortgage options. You may be able to port your existing mortgage to your new property, remortgage with a new lender for a better deal, or borrow more if you're buying a more expensive home. Getting mortgage advice early from our experts can help you understand your options, budget with confidence, and keep your move on track.
You may be able to transfer your mortgage, provided your lender allows it and you still meet their lending criteria. There may be costs involved if you decide to change lenders. If you repay your existing mortgage instead of porting it, you could also face early repayment charges, depending on your current deal. We can offer you the best advice based on your situation.
Your home may be repossessed if you do not keep up with your mortgage repayments. There may be a fee for mortgage advice. The actual amount you pay will depend on your circumstances. The fee is up to 1%, but a typical fee is £499.
VIEW FULL FEE DETAILSIn many cases, yes. This is known as porting your mortgage. Your lender will assess your affordability and the new property before approving the transfer, and additional borrowing may be available if needed.
You may need to pay valuation fees, legal or conveyancing costs, and possibly mortgage arrangement fees. If you don't port your mortgage and repay it early, early repayment charges may also apply.
It depends on your existing deal, any early repayment charges, and the rates available. Comparing your options before you move can help you decide whether porting or taking out a new mortgage offers the best value.
