BASED IN GLOUCESTER · CLIENTS ACROSS THE UK
Moving Home Mortgage Advice
Planning your next move? Let’s make your mortgage move with you.
Moving home is an exciting step, whether you’re looking for more space, relocating for work, moving closer to family or simply ready for a change.
But alongside finding your next property, you’ll need to think about your existing mortgage, affordability and how to finance your move.
Should you take your current mortgage with you? Would a new mortgage be more suitable? Could you borrow more?
I’ll help you understand your options and guide you through the mortgage process, so you can concentrate on finding your next home.
Based in Gloucester, I provide personal mortgage advice to home movers locally and throughout the UK.
Your next home starts with the right mortgage advice.
How I can help with your next move
Every move is different. I’ll take the time to understand your plans, your existing mortgage and what you want to achieve.
Understand your moving budget
Before making an offer, it’s important to understand how much you could potentially borrow and what your monthly repayments might look like.
We’ll consider your income, expenditure, existing mortgage and other financial commitments.
Review your existing mortgage
If you’re currently on a fixed-rate mortgage, you may be able to take your existing mortgage deal with you through a process called porting.
Porting is subject to your lender’s criteria and approval. It doesn’t automatically mean your existing mortgage can transfer to your new property.
I’ll help you understand whether porting or arranging a new mortgage could be more suitable.
Buying a more expensive property?
If your next home costs more than your current property, you may need additional borrowing.
We’ll look at the mortgage options available and whether the additional borrowing is affordable and suitable for your circumstances.
Selling and buying at the same time
Buying and selling simultaneously can involve a lot of moving parts.
I’ll help you understand the mortgage arrangements, timescales and potential costs involved, so you know what to expect.
Mortgage application and completion
Once you’ve found your next property, I’ll guide you through the mortgage application and help you understand the process through to mortgage offer.
Should you port your mortgage or arrange a new one?
This is one of the most important questions when moving home.
Porting your existing mortgage
Some mortgages are portable, which means you may be able to transfer your existing mortgage product to another property.
This could be worth considering if you currently have an attractive interest rate.
However, your lender will still assess the new property and your circumstances. If you need to borrow more, the additional borrowing may be on a different rate.
Arranging a new mortgage
A new mortgage could provide access to different products, rates or features.
However, you should consider any early repayment charges on your existing mortgage, as well as arrangement, valuation and legal costs.
I’ll help you compare the available options before making a decision.
Moving Home Mortgage FAQs
Can I take my existing mortgage with me when I move?
Possibly. This is known as porting. It depends on your existing mortgage conditions, the new property and your lender’s approval.
What happens if I need to borrow more?
If your new property is more expensive, you may need additional borrowing. Your lender will assess affordability and the additional borrowing may be on a different interest rate.
Will I have to pay an early repayment charge?
If you’re leaving your existing mortgage before the end of a fixed or special rate period, an early repayment charge may apply. Porting may avoid this in certain circumstances, subject to your lender’s conditions.
Should I arrange a mortgage before finding a property?
Understanding your borrowing position before viewing properties can be extremely helpful. An Agreement in Principle can also support you when making an offer.
Can I move home if I’m self-employed?
Yes. Self-employed applicants can obtain mortgages, subject to lender criteria and affordability checks.
Can I move home and increase my mortgage term?
Potentially. This depends on the lender, your age, affordability and circumstances. It’s important to consider the additional interest that may be payable over a longer term.
Ready for your next move?
Whether you’re upsizing, downsizing or relocating, let’s look at your mortgage options before you make your next move.