Home Mover
Simplify your move with expert mortgage guidance
No matter how often you move, the process can be both daunting and exciting. We're here to help ease any mortgage concerns as your move progresses.
We recognise that circumstances change, and when you decide to move, you need to consider transferring your mortgage. The deal that worked for your current home may not be suitable for your new situation. We’re committed to helping you find the best mortgage option tailored to your needs and supporting you throughout the application process to make moving as smooth as possible.
Check out our guide, Home Buying Process in England
Your Home (or property) may be repossessed if you do not keep up repayments on your mortgage or any other debts secured on it.
FAQs
Can I transfer my current mortgage to my new home?
Yes. It's called "porting", and most mortgages have this facility.
Porting your mortgage deal means staying with your existing lender. It can be a good money-saving option, especially if you are partway through a deal that carries exit fees and early repayment charges, since you could avoid paying (or at least be refunded) these when you move.
Do I need a deposit for a home mover mortgage?
You will need a deposit of at least 5% for your new mortgage. Some properties, such as flats, may require a 15% deposit, depending on the lender. The deposit can usually be taken from the equity in your home when you sell your existing house.
Moving home costs to consider
Beyond the purchase price, moving home involves numerous costs you may need to consider:
- Solicitor fees
- Building Survey costs
- Mortgage broker fees
- Estate agent fees
- Early repayment charges (unless porting)
- Mortgage lender and valuation fees (where applicable)
- Stamp Duty (if payable)
- Buildings & Contents insurance
- Removal costs
How much can I borrow?
Typically, you can borrow around 4 to 4.5 times your gross annual income, though this will be affected by other factors like outstanding debts or credit history.
All mortgage lenders assess income and expenditure differently to calculate how much you can borrow, so we will assess your specific circumstances and work out your affordability.
Contact us
Contact us today for all your mortgage needs
Ready to take the next step?
Schedule a free, no-obligation chat to discuss your plans and explore what is possible, with no pressure to proceed.
Office: 01274 265571
alfie@crownestmortgages.co.uk
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