Moving to your next home

Your options

Porting your deal or starting again

Many mortgages are portable, which means you may be able to take your existing deal with you and avoid an early repayment charge. Whether that is the right move depends on the rate you are on, how much extra you need to borrow and what else is available.

If you need to borrow more, the additional amount is usually on a separate product at current rates, so you can end up with two parts to the mortgage ending at different times. We will explain exactly how that works before you commit to it.

Affordability

Your circumstances have changed

It is easy to assume that because you were approved last time you will be approved again. Lenders reassess from scratch, and things move in both directions. A pay rise helps. A car on finance, a new child, or a switch to self-employment all change the picture.

We reassess properly rather than assuming last time's numbers still hold.

Timing

Getting the offer and the completion date to line up

This is where moves get stressful. Mortgage offers have expiry dates, chains slip, and a delay at one end has a habit of moving everything.

We work backwards from your target completion date and tell you what has to happen when, so you can see the pinch points coming rather than discovering them.

Costs

What moving actually costs

Worth having the full picture before you commit to an asking price.

• Stamp Duty Land Tax on the new property
• Estate agent fees on the sale, usually a percentage plus VAT
• Conveyancing on both the sale and the purchase
• A survey on the property you are buying
• Any early repayment charge on your current deal
• Removals, and storage if the dates do not meet