MOVING HOME
What does it mean?
If you are already a homeowner with a mortgage and are looking to move to a new home, what happens? Is it better to look into getting a new loan or to use an already existing one, even though that could lead to an increase in the size of your debt? It can be quite a complicated process at a time which should be exciting as you move to somewhere new. We can help to talk you through your options, so you know what could work best for you as you come to move home with a mortgage.
What does home mover mean?
When it comes to moving home, one of the first things that you need to take into consideration is looking at how much you would be able to borrow. From there you would need to find the best home mover mortgage that will suit your individual circumstances. Home mover mortgages are for when you change your mortgage provider, you move to a more expensive property, or where you downsize and your monthly repayments will be reduced.
Porting
Porting is where you transfer your current mortgage to your new property, meaning that the mortgage is ‘portable.’ There will still need to be an application process for the mortgage loan, and in some instances you might need to increase the mortgage because of the new cost of the property. If this is the case, a new arrangement fee will be added on, so checking what this will be is a good idea first. If you need an additional loan for higher property cost, then you could face higher interest fees.
How can we help you?
Navigating the mortgage market can feel overwhelming, with so many lenders and products to choose from. That’s where our experienced team comes in. We take the time to understand your personal circumstances, budget, and future plans, so we can recommend the most suitable and competitive mortgage product for your situation.
Rather than spending hours comparing lenders yourself, we handle the legwork — streamlining the process and saving you valuable time. As independent brokers, we have access to a comprehensive panel of lenders across the market, including a wide selection of products and some exclusive deals that aren’t usually available through high street lenders.
Importantly, we don’t just look at the headline rates. We carefully check affordability and lender criteria to ensure any mortgage we recommend is realistic, achievable, and tailored to your circumstances.
Working with us means more than simply arranging a mortgage; it means having a trusted partner who ensures the product you choose is the right fit for both your needs today and your goals for tomorrow.
Bespoke Money Ltd is registered in England and Wales with Registration No. 10507268. Registered Office: 4 Cantelupe Mews Cantelupe Road East Grinstead RH19 3BG. Bespoke Money Ltd is an Appointed Representative of The Right Mortgage Ltd, which is authorised and regulated by the Financial Conduct Authority. Some forms of Buy to Let Mortgages are not regulated by the Financial Conduct Authority. The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.