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Home Mover Mortgage: Everything You Need to Know.

Who Can Apply for a Home Mover Mortgage?

Home Mover Mortgages are designed for individuals who already have an existing mortgage and are looking to move. You might need to increase or decrease your loan size to suit your new property. The process of transferring your current loan to a new home is called “porting.”

Before making a decision, review your mortgage agreement to ensure it allows porting. If it doesn’t, you can try negotiating with your lender—most are open to discussions if you have a strong credit history. Changes in your financial circumstances, such as a new job, self-employment, or having children, may also affect your eligibility.

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Home Mover Mortgages are designed for individuals who already have an existing mortgage and are looking to move. You might need to increase or decrease your loan size to suit your new property. The process of transferring your current loan to a new home is called “porting.”

Before making a decision, review your mortgage agreement to ensure it allows porting. If it doesn’t, you can try negotiating with your lender—most are open to discussions if you have a strong credit history. Changes in your financial circumstances, such as a new job, self-employment, or having children, may also affect your eligibility.

When Might You Need a Home Mover Mortgage?

Here are a few situations where a Home Mover Mortgage might be relevant:

  • You’re moving home for personal or financial reasons.
  • You want to remortgage your current property to change the loan term or interest rate.
  • Your fixed-rate mortgage deal is expiring—waiting until you switch to a Standard Variable Rate (SVR) could save money.

While most mortgages today are portable, you’ll still need to go through the application process for your new loan. Adjustments to your current mortgage may also be necessary.

How to Arrange a Home Mover Mortgage

Getting started with a Home Mover Mortgage involves these key steps:

  1. Contact Your Broker: Discuss your existing mortgage arrangement to understand your options.
  2. Check Eligibility: Whether you want to port your current mortgage or remortgage, confirm that you meet the eligibility requirements.
  3. Start the Application: The process is similar to applying for your first mortgage. Your provider will assess your financial circumstances, conduct a property valuation, and perform a credit check.
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How Do Home Mover Mortgages Work?

Porting a mortgage involves the same steps as applying for your first mortgage. Your lender will assess your financial stability, survey the new property, and validate your eligibility based on updated data. While your previous mortgage details don’t directly impact the new arrangement, this could work in your favor, potentially altering loan terms to better suit your needs.

Keep in mind that additional charges may apply when porting or remortgaging. Also, note that commercial mortgages and certain buy-to-let mortgages are not regulated by the Financial Conduct Authority.

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Risk Warning This quote is for illustration purposes only and does not constitute a formal mortgage offer. The figures provided are based on current interest rates and available products at the time of this illustration and may vary depending on lender criteria, your personal circumstances, and market conditions at the time of application. Please be aware that all mortgage offers are subject to affordability assessments, credit checks, and a formal valuation of the property. Fees, terms, and conditions may apply. For a detailed, personalised offer, further discussions and a full application will be required. Your home may be repossessed if you do not keep up repayments on your mortgage. You may have to pay an early repayment charge to your existing lender if you remortgage.

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We offer free, no-obligation mortgage appointments at times that suit your schedule — including daytime, evening, and weekend slots. Speak with a qualified mortgage broker who can guide you through the process and answer all your questions. Book online using our appointment diary or call us directly on 01772 846147 to arrange a time that works for you.

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A MORTGAGE IS A LOAN SECURED AGAINST YOUR HOME OR PROPERTY. YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.

You may have to pay an early repayment charge to your existing lender if you remortgage.

Get a Quote.

Risk Warning This quote is for illustration purposes only and does not constitute a formal mortgage offer. The figures provided are based on current interest rates and available products at the time of this illustration and may vary depending on lender criteria, your personal circumstances, and market conditions at the time of application. Please be aware that all mortgage offers are subject to affordability assessments, credit checks, and a formal valuation of the property. Fees, terms, and conditions may apply. For a detailed, personalised offer, further discussions and a full application will be required. Your home may be repossessed if you do not keep up repayments on your mortgage. You may have to pay an early repayment charge to your existing lender if you remortgage.