Home Me Mortgages
Moving Home

Moving Home
Mortgages Made Simple

Ready to move to your next home? Our moving home mortgage experts make the transition seamless, whether you're upsizing, downsizing, or relocating. Get competitive rates and expert guidance for your property move.

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Expert Guidance

Smooth Property Transitions

Moving home is one of life's biggest decisions, and securing the right mortgage is crucial to making your move successful. Whether you're upsizing for a growing family, downsizing in retirement, or relocating for work, we provide expert guidance tailored to your specific moving situation.

Our moving home mortgage service covers all aspects of your property transition, from evaluating whether to port your existing mortgage to finding the most competitive new deals. We understand the complexities of property chains and timing, ensuring your move proceeds smoothly.

With access to a wide range of lenders and exclusive rates, we help you secure the best possible terms for your new home, while minimizing stress and maximizing your options throughout the moving process.

Explore Benefits
Understanding moving home mortgage options

Why Choose Our Moving Home Service

Discover the advantages of working with our moving home mortgage experts for a stress-free property transition.

Seamless Transitions

Expert guidance to ensure smooth coordination between your property sale and purchase.

Flexible Options

Choose from porting, remortgaging, or new mortgage solutions that fit your needs.

Cost-Effective Solutions

Access competitive rates and minimize costs throughout your moving process.

Expert Coordination

Professional management of complex timing and documentation requirements.

Your Moving Home Journey

Our proven 3-step process makes your property move straightforward and stress-free, from initial assessment to completion and beyond.

01

Property Assessment

We evaluate your current property value, outstanding mortgage, and new property requirements to determine the best financing approach.

1-2 days
02

Finance Options

We explore porting your existing mortgage, new mortgage products, or bridging finance to ensure smooth property transition.

3-5 days
03

Coordinated Move

We manage the timing of both property transactions to ensure you can move smoothly without financial stress or gaps.

Completion day

Key Moving Home Considerations

Important factors to consider when planning your property move and mortgage requirements.

Porting Options

Evaluate whether to transfer your existing mortgage or secure a new deal for better rates and terms.

Equity Release

Maximize the equity from your current property to secure the best possible terms for your new home.

Timing Strategy

Plan the optimal sequence of sale and purchase to minimize stress and maximize financial efficiency.

Cost Planning

Budget for all moving costs including legal fees, surveys, stamp duty, and potential early repayment charges.

Chain Management

Navigate property chains effectively with professional coordination and contingency planning.

Market Analysis

Understand current market conditions to make informed decisions about timing and pricing strategies.

Frequently Asked Questions

Everything you need to know about moving home mortgages

What is a moving home mortgage?
A moving home mortgage helps you finance the purchase of a new property when you already own a home. This could involve selling your current property and buying a new one, or keeping your existing property while purchasing another. The process typically involves either porting your existing mortgage or applying for a new one.
Can I port my existing mortgage when moving home?
Many lenders allow you to port (transfer) your existing mortgage to a new property, which can be beneficial if you have a good rate. However, the new property must meet the lender's criteria, and you may need additional borrowing if the new property costs more. Our advisors can help you understand your porting options.
What if my new home costs more than my current one?
If your new property is more expensive, you'll need additional borrowing. This could be through topping up your existing mortgage (if porting), taking out a second mortgage, or applying for a completely new mortgage. We can help you find the most cost-effective solution for your situation.
How much deposit do I need when moving home?
The deposit required depends on your circumstances. If you have significant equity in your current home, this can be used towards your new property. Typically, you'll need at least 5-10% deposit, but having more equity from your current property sale can give you access to better rates and terms.
What are the costs involved in moving home?
Moving home involves various costs including estate agent fees, legal fees, survey costs, stamp duty (if applicable), removal costs, and potentially early repayment charges on your existing mortgage. We can help you budget for these costs and factor them into your mortgage planning.
Should I sell before buying or buy before selling?
This depends on your financial situation and market conditions. Selling first provides certainty about your budget but may require temporary accommodation. Buying first gives you more time but requires bridging finance. We can discuss the pros and cons of each approach and help you choose the best strategy.
What is a bridging loan and when might I need one?
A bridging loan is short-term finance that helps you buy a new property before selling your current one. It bridges the gap between purchase and sale. While more expensive than traditional mortgages, it can provide flexibility in competitive markets. We can advise if this option suits your situation.
How long does the moving home mortgage process take?
The timeline varies depending on whether you're porting an existing mortgage or applying for a new one. Typically, the process takes 4-8 weeks from application to completion. If you're in a chain, this can affect timing. Early preparation and professional advice can help streamline the process.
What happens to my existing mortgage when I move?
When you sell your current property, your existing mortgage is typically paid off from the sale proceeds. If you're porting your mortgage, the lender transfers it to the new property. Any remaining balance after the new property purchase becomes your new mortgage amount.
How can Home Me Mortgages help with my move?
We provide comprehensive moving home mortgage advice, including assessment of porting options, sourcing competitive new mortgage deals, coordinating timing between sale and purchase, advising on bridging finance if needed, and ensuring a smooth transition throughout your move.
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Ready to Get Started?

Take the first step towards your dream home. Our expert mortgage advisors are here to guide you through every step of the process.

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hello@homememortgages.co.uk 01628 884 693