Moving Home? Move Your Mortgage
Most mortgages are portable, meaning that you can transfer them from the property you originally borrowed against to the new home which you want to move to.
This can allow you to stay with the same lender so that you do not have to incur any early repayment charges if you are currently in a deal.
This will require a new application to be submitted to the lender you are currently with
Alternatively, it is also an opportunity to look around for a better mortgage deal.
We can offer advice on which route is the best to take once we have fully understood your needs and circumstances.
Mortgages for those moving home are increasingly competitive and if you are trading up to a larger property you may need to increase the size of your loan.
It is crucial to get the right advice upfront to ensure the new mortgage remains affordable for you once you do upsize to the new home.
The borrowing amount will drastically change from lender to lender so we need to make sure that the mortgage will remain affordable both now and in the future.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.