Home mover mortgages
Moving home should feel exciting, not stressful. At YesCanDo Money, our fee-free mortgage advisers make the whole process smoother, simpler, and far less overwhelming.
Call our mortgage experts for free advice today on 033 0088 4407
We work with over 90 Mortgage Lenders
A stress-free home moving mortgage? YesCanDo
Whether you’re upsizing, downsizing, relocating for work, or finally moving into your dream family home, The YesCanDo Money team can take care of everything.
From great advice, filling out the mortgage application, handling the paperwork, and chasing banks and solicitors – leave it to us. And the best part is, our services are FREE.
We’re YesCanDo Money: expert mortgage brokers for home movers across the UK. Call us today on 03300884407 for a friendly, no-pressure chat.
What are your mortgage options when moving home?
The options
When you’re moving house, you usually have three main mortgage options:
The right one depends on your current mortgage, your new property, your mortgage affordability, and how much you want to borrow.
How much deposit is needed for a buy-to-let mortgage?
Many home movers choose to port their existing mortgage deal to the next home.
Others need a new mortgage because they’re borrowing more, changing their repayment plan, or prefer another lender’s rates. Some choose to remortgage to move, especially if they want to release equity from their existing property.
Ask for advice
Whatever your circumstances, your YesCanDo mortgage adviser will walk you through everything.
We can help secure an agreement in principle quickly, so you can show estate agents you’re a serious buyer and start making offers with confidence.
Porting your mortgage
Porting your mortgage simply means transferring your existing mortgage to your new property. If you’re happy with your current mortgage deal – perhaps it has a great interest rate or low monthly repayments – porting can be a smart move.
Your current lender will treat this like a fresh application, so they’ll check your income, financial commitments, and credit file again. They’ll also complete a valuation or purchase price assessment on the new property to ensure the loan amount fits their criteria.
Porting can work especially well if:
- You’re staying within your current mortgage term
- You want to keep your current mortgage deal
- You’d like to avoid early repayment charges
- You’re not increasing your borrowing significantly
If you do need to borrow more, your lender may offer a second mortgage product alongside your ported deal. You’ll then have two parts to your mortgage, potentially on different interest rates.
We’ll talk you through how this affects your mortgage payments and whether sticking with the same lender is genuinely your best option.
Getting a new mortgage
If porting doesn’t suit your plans, you can apply for a new mortgage with a new lender. This is common when house prices have changed, when you want lower monthly payments, or when a better new mortgage rate is available elsewhere.
A new mortgage might be the right choice if:
- You’re borrowing more than your existing mortgage allows
- You want to switch from an interest-only mortgage to a repayment mortgage
- Your current lender’s assessment criteria have changed
- You want access to new mortgage products or a better interest rate
When comparing lenders, we’ll look at the whole picture: interest rates, the mortgage term, mortgage calculation options, valuation fees, legal fees, and how each option affects your monthly repayments.
We’ll also help you understand anything your new lender needs, from a credit search via a credit reference agency to the documents required for your mortgage application.
Remortgaging your home to move home
If you’ve built up equity in your current property, remortgaging can help you release some of that cash in value to use towards your next purchase. This could help you increase your deposit, secure a better mortgage deal, or reduce your loan-to-value ratio to qualify for lower interest rates.
You might remortgage to move home if:
- You’re no longer tied to your existing mortgage
- You want to avoid early repayment charges
- Your existing mortgage rate isn’t competitive anymore
- You’re moving to a property with a higher purchase price
- You want a bigger deposit on your new property
We’ll compare every option for you, including staying with your current lender, switching to a new lender, or remortgaging after your current mortgage ends and you’re on a lender variable rate.
Whatever your situation or goals, you can rely on YesCanDo Money. No pressure. No jargon. Just honest guidance from a mortgage and protection adviser who genuinely wants the best for you.
Fill out our contact form and we’ll be in touch.
The home mover mortgage application process
We’re known for making moving home as stress-free as possible. Here’s how we do it.
1. Chat to your mortgage broker
Tell us about your plans, your existing home, your current mortgage, and the new home you’re hoping to buy. We’ll look at your financial commitments and what you want from your next mortgage.
2. Get your agreement in principle
We’ll find the best lender for your situation and secure an agreement in principle quickly, so you can confidently make offers and reassure estate agents you’re good to go.
3. We handle your mortgage application
Once your offer is accepted, we complete the application for your new mortgage, confirm your mortgage roll number, deal with the lender, and keep everything moving. You won’t need to chase anyone, that’s down to us.
4. Your valuation and legal work
Your mortgage lender will arrange the valuation, and your solicitor will handle the conveyancing fees, land registry fees and the mortgage deed. We stay in the loop, keep the same completion date across everyone involved, and make sure nothing stalls.
5. Move into your new home
When the mortgage money is released and the legal fee guarantee is complete, you’ll get your keys. Simple as that.
Throughout the process, your broker is on hand for every question, big or small.
Use our mortgage calculator
Want a quick sense of what your new mortgage repayments might look like? Our mortgage calculator helps you estimate your monthly payments based on your purchase price, mortgage term, and interest rate.
It’s a great starting point before we complete a full mortgage calculation for you. Remember, this is an estimate – not the loan you’ll be offered – but it’s a really useful guide while you’re planning your move.
Enter your sole or joint income below and see how much you can borrow.
For a more detailed and personalised mortgage affordability, book a free call with our expert mortgage advisers.
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Our clients’ satisfaction speaks volumes about our service quality. YesCanDo Money is proud to have earned a 5-star rating on Trustpilot, reflecting our dedication to providing top-notch, personalised mortgage advice and services. We take pride in our commitment to excellence, ensuring that every client receives the best possible guidance and support.
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Frequently asked questions about home mover mortgages
What is a home mover mortgage?
A home mover mortgage is simply the mortgage you take when you’re selling your existing property and buying a new one. You can port your current mortgage, take out a new mortgage, or remortgage to move – whichever fits your plans best.
Do I need a mortgage adviser when moving house?
While you can go directly to a bank, most home movers prefer to use an independent mortgage adviser like YesCanDo. We compare mortgage products from across the market, manage the entire process, and can often find options that are not available directly to borrowers.
Can I keep my current mortgage deal when I move?
Many home movers port their existing mortgage to their new property, as long as their lender agrees and the mortgage still suits their circumstances.
Will I have to pay early repayment charges to my current lender?
Possibly. If you repay your mortgage during a fixed term, your lender may apply early repayment charges. We’ll check this for you and help you decide whether porting or switching is the better move.
Will moving affect my credit rating?
Only slightly. A credit search for your new mortgage will appear on your credit file, but moving house itself doesn’t harm your credit rating.
Will I need a new home insurance policy when I move house?
Yes – your old buildings insurance won’t transfer to the new property. We’ll help you arrange building insurance so you’re covered from exchange.
Speak to our fee-free mortgage brokers today
If you want to understand your mortgage options before you start viewing homes, our advisers are here to help.
We’re friendly, supportive, and here to make your life easier. And our service is completely fee-free.
Send us a message or call us on 03300884407. We look forward to hearing from you.
