Home Mover Mortgages

Whether you’re upsizing or downsizing, you are likely to have a wider choice of lenders and mortgages than you were offered as a first-time buyer.

A home mover mortgage is really the same as a standard mortgage. The term “home mover mortgage” simply refers to the process of getting a new mortgage when you move house.

The home mover mortgage process provided by our mortgage team reviews your current financial status and helps to make sure your new mortgage is appropriate for the home you’re moving into.

Some lenders provide mortgages that are transferable, meaning you can move your current mortgage deal to your new house, however, there are other mortgages that do not offer this choice. If you are not able to take your existing mortgage with you, then you will need a home mover mortgage.

If you are looking to upsize and therefore increase the amount of your loan, you could find that your current lender may not allow you to borrow the additional funds needed for you to move home. If this is the case, searching for a new lender will be necessary.

Alternatively, you may not need to borrow more money, but it could still be worth replacing your existing mortgage when you move home, rather than shifting the current one over. This can help you get a mortgage offer that suits your new position and can give you a better overall deal.

The important thing to remember is, finding the best mortgage for your current financial situation is vital, as you will need to demonstrate that the mortgage repayment is affordable, whilst still meeting your new needs.

Whatever your financial situation, the simplest way to get the best deal is to contact one of our qualified and experienced mortgage advisers.