Your existing mortgage
Check whether the current deal can be ported, whether an early repayment charge applies and whether additional borrowing is available.
Moving home
Plan the mortgage alongside the move. We can review affordability, your existing deal, available equity and the timing of your sale and purchase before comparing suitable options.
A mortgage that fits the move
When you sell one property and buy another, the mortgage needs to work with your equity, deposit, income, moving costs and completion timetable. Your current mortgage may be portable, but porting is not automatic and any extra borrowing is normally assessed under the lender’s current criteria.
A home mover review can compare keeping your existing lender with arranging a new mortgage elsewhere. The right route depends on the remaining deal, early repayment charges, affordability, property type and the complete cost of borrowing.
Check whether the current deal can be ported, whether an early repayment charge applies and whether additional borrowing is available.
Estimate the equity released from your sale after repaying the mortgage, estate-agent fees, legal costs and other moving expenses.
Review income, regular commitments, dependants, credit history and the proposed mortgage term before setting a realistic purchase budget.
Coordinate the mortgage application, valuation and offer with the sale and purchase so avoidable delays are reduced.
Make an informed comparison
The cheapest-looking rate is not always the best overall choice. A useful comparison should include the rate, fees, incentives, early repayment charges and the flexibility you need.
Porting may preserve an existing deal, but the lender must approve the new property and reassess affordability. A new lender may offer a different overall cost or more suitable criteria.
The amount available is based on more than an income multiple. Lenders assess expenditure, debts, dependants, credit conduct, term and property details.
You can begin planning before accepting an offer on your current home. The full application normally becomes more practical once the property and transaction details are known.
If the new home costs more, additional borrowing may sit on a separate product with a different rate and end date when you port an existing mortgage.
The advice process
We gather the relevant facts, compare suitable routes and explain the costs and risks before you decide whether to proceed.
We discuss your existing mortgage, expected sale proceeds, income, commitments and the type of property you want to buy.
We consider deposit, stamp duty or land tax, legal fees, moving costs and a suitable contingency alongside mortgage affordability.
We assess porting, additional borrowing and new-lender options, including the effect of fees and early repayment charges.
Once you proceed, we help with the agreement in principle, application, documents, valuation and lender communication.
Use the enquiry page and select the option closest to your plans. An adviser can clarify the route after reviewing the initial details.
Useful next steps
Common questions
Some mortgages are portable, which means the product may be transferred to a new property, subject to a fresh application, affordability assessment and valuation. Porting is not guaranteed, and any extra borrowing may be placed on a separate product.
You can obtain initial advice and an agreement in principle before selling. A lender will normally need the purchase details and clarity around the sale, deposit and mortgage repayment before issuing a full offer.
The charge may be avoided or refunded in some porting situations, depending on the lender’s rules and timing. It should be compared with the cost and benefits of moving to another lender.
Potentially. Additional borrowing depends on affordability, loan-to-value, credit history, the new property and the lender’s criteria.
Yes. The evidence required can include accounts, tax calculations, tax-year overviews, contracts or business bank statements, depending on how you trade and the lender used.
Typical costs can include stamp duty or the relevant property tax, estate-agent fees, conveyancing, surveys, removals, mortgage fees and an early repayment charge. Your exact costs depend on the transaction.
Complete the short enquiry so the team can understand what you are looking to achieve and direct you to an adviser experienced in that area.
Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.