Mortgages for Moving House

Moving home can be a stressful time. But it’s also an exciting one; finding a new house, possibly exploring a new area and making new memories.

We’re here to ensure that the stresses associated with moving don’t impact on this special time. Through our dedicated mortgage service offering, you can focus on what really matters to you while we take care of the details.

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On the move?

Guiding you through the process

Whether you’re a first-time buyer or you’ve been on the ladder a while, we’ll guide you through the steps towards owning your new home.

No hidden costs

Our mortgage experts will be clear on the costs associated with moving house and what you’ll need to pay when.

A little extra help

We can arrange protection insurance for your mortgage on your behalf; hassle free.

Get a better mortgage deal

Enquire with us today.

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Do I need a new mortgage?

If you’re a homeowner, one of the first questions you may have when it comes to moving house is whether you need a new mortgage or not? Some mortgages may be ‘portable’, meaning you have the ability to ‘port’ it when you move. You might want to port your mortgage to keep your current rate or to avoid early repayment charges (ERC).

If your mortgage isn’t portable or you simply want to find a better deal, you may need to switch to a new mortgage product. If it is portable, you will still need to reapply for the mortgage and whether it is granted or not will depend on your circumstances at the time of your application. If switching, your old mortgage is paid off with the sale of your property and new mortgage is taken out at the time of completion.

Costs associated with moving home

Moving house can be expensive. It’s important to understand the costs involved before making any decisions. We’ve detailed some of what you’ll need to consider below:

Mortgage valuation

A mortgage lender will arrange for a valuation of the property to be carried out when considering your application

Conveyancing and solicitor’s fees

Your solicitor arranges all the paperwork for the purchase of your new property. They will be able to let you know the costs for their services

Home insurance

Buildings insurance for your new home is required by lenders when you take out a mortgage with them

Mortgage broker fee

Your mortgage adviser will be able to advise you of their fees and how they’re paid during your first meeting with them

Stamp Duty

A tax paid when you buy a piece of land or property in the UK, calculated as a percentage of the value of what you’re purchasing

Product fee

Your lender may charge a product fee for porting your mortgage and borrowing a larger amount

Early Repayment Charges (ERCs)

These are incurred when you pay back your current mortgage before the introductory period ends

Lender’s arrangement fee

A fee paid to the lender for covering the cost of organising your mortgage. They will let you know how much the fee will be

Removal fee

Fees paid for any removal services that you may decide to use.

Speak to one of our mortgage experts

You can be sure that our specialist Mortgage Advisers will always:

Listen carefully to your mortgage requirements

Search the whole market to find the most cost-effective product

Be there to answer any questions you may have

Visit you at a time and a place that’s most convenient to you

Provide a service in which you can have total confidence

Moving house enquiry

Please fill in the form below and one of our Mortgage experts will be in touch.