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Home Mover Mortgages

At Rosa Mortgages, we understand that moving home can be both exciting and overwhelming. As experienced mortgage brokers, we’re here to simplify the process and help you find the right mortgage solution for your next move. Whether you’re relocating to accommodate a growing family, downsizing, or simply seeking a change, we provide expert guidance and support every step of the way.

Our personalised service is at the heart of everything we do. We take the time to understand your unique circumstances and tailor our advice to suit your needs. With access to a wide range of mortgage solutions, including options to port your existing mortgage, remortgage, or secure a completely new deal, we ensure you have the best possible choices available.

At Rosa Mortgages, we’re committed to making your move as smooth and stress-free as possible. Let us help you navigate the mortgage process with confidence, no matter where your next home journey takes you.

What to Consider When Moving Home

When moving home, it’s essential to understand the various mortgage options available to you. As a home mover, you have three primary choices:

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Porting Your Existing Mortgage

This option allows you to transfer your current mortgage deal to your new property, keeping your interest rate and terms intact. If your mortgage has favourable terms and you’re happy with your current deal, porting may be a cost-effective choice. However, you will need to check if your lender allows porting and if the new property meets their criteria.

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Remortgaging

Remortgaging involves switching to a new deal, either with your current lender or a different one, when moving home. This can be an opportunity to secure better interest rates or adjust the terms of your mortgage to suit your new financial situation. Be mindful of any early repayment charges or exit fees tied to your existing mortgage if you choose this route.

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Finding a New Mortgage Product

If neither porting nor remortgaging fits your needs, you may decide to apply for a brand-new mortgage. This option gives you the flexibility to explore a broader range of lenders and products, potentially finding a better deal that suits your new circumstances.

Before making any decisions, it’s crucial to fully understand the terms of your current mortgage. Factors like early repayment charges or specific lender conditions may affect your options, so reviewing these details early on will help you determine the best path forward.

Additionally, consider the role of equity when moving home. The equity you have built up in your current property—calculated as the difference between your home’s market value and the remaining balance on your mortgage—can be used as a deposit for your new home. This can help you secure more favourable mortgage terms, but it’s important to assess how much equity you will have after selling your home to ensure it meets the deposit requirements for your next property.

At Rosa Mortgages, we’ll work with you to explore all of these options and guide you through the process, ensuring you make the best financial decision for your move.

Mortgage Options for Home Movers

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Porting Your Existing Mortgage

Porting your existing mortgage allows you to transfer your current mortgage deal to your new home. If you’re happy with the terms of your current mortgage—such as a favourable interest rate or minimal fees—porting could be an attractive option. It allows you to keep your existing deal while moving to a new property, avoiding potential early repayment charges. However, not all lenders offer this option, and both your circumstances and the new property must meet the lender’s criteria. The process involves applying for the same mortgage on the new property, often requiring a property valuation and affordability checks.

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Remortgaging

Remortgaging involves taking out a new mortgage when moving home, either with your existing lender or a new one. This option can be ideal if your current mortgage deal no longer suits your needs, or if better rates are available. Remortgaging can also provide flexibility to adjust the mortgage term, access better interest rates, or change from a fixed to a variable rate (or vice versa). However, be aware of any early repayment charges or exit fees tied to your current mortgage, as these costs could influence your decision to remortgage.

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New Mortgage Deals

Moving to a new property is an excellent opportunity to explore new mortgage products. Whether you’re a first-time mover or looking for a fresh start, a new mortgage deal may offer features better suited to your current financial situation and future plans. With a wide range of options available, including fixed-rate, variable-rate, and offset mortgages, you have the flexibility to find a product that aligns with your long-term goals. A new mortgage deal can help you take advantage of the changing market or meet the specific requirements of your new property.

At Rosa Mortgages, we help you navigate all these options, ensuring you choose the right mortgage for your move and your financial future.

Why Choose Rosa Mortgages for Your Home Mover Mortgage?

Personalised Mortgage Advice

At Rosa Mortgages, we understand that no two home moves are alike, which is why we provide tailored mortgage advice designed specifically for you. We take the time to learn about your financial situation, property goals, and long-term plans, ensuring the mortgage solutions we offer align with your unique needs. Whether you’re upsizing, downsizing, or moving to a new location, our personalised approach means you’ll receive expert guidance that fits your life, not a one-size-fits-all solution.

Wide Range of Lender Access

One of the key advantages of working with Rosa Mortgages is our extensive network of lenders. We have access to a broad range of mortgage providers, including high street banks, building societies, and specialist lenders. This diverse selection allows us to compare multiple options and find the mortgage deal that offers the best rates and terms for your specific circumstances. Whether you’re porting your current mortgage, remortgaging, or looking for a brand-new product, our wide lender access ensures that you’ll have the flexibility to choose the most suitable solution.

Expert Guidance Throughout the Process

Moving home can be a complex process, but with Rosa Mortgages, you don’t have to navigate it alone. From reviewing your current mortgage terms to deciding whether to port, remortgage, or secure a new deal, our team is here to guide you every step of the way. We manage the paperwork, liaise with lenders, and handle all the details, making the entire mortgage process as smooth and stress-free as possible. With our expert support, you can focus on your move, knowing your mortgage needs are in trusted hands.

Choose Rosa Mortgages for a home-moving experience that prioritises your goals, provides extensive options, and offers expert guidance from start to finish.

Conclusion

Choosing Rosa Mortgages for your home move comes with a range of benefits designed to make the process as smooth and stress-free as possible. Our personalised mortgage advice ensures that we understand your unique financial situation, property goals, and future plans, allowing us to tailor the perfect mortgage solution for you. 

From start to finish, our expert support will guide you through the complexities of the mortgage process, whether you’re porting your existing mortgage, remortgaging for better terms, or exploring new deals. Our team is committed to finding a lender that fits your needs and helping you make confident, informed decisions.

Ready to take the next step? Contact Rosa Mortgages today and let us help you secure the right mortgage for your move. With our expertise, you can move forward with confidence, knowing that your mortgage needs are in the best hands.

FAQs Home Mover Mortgages

  • Can I port my existing mortgage to my new home?

    Yes, many lenders allow you to port your existing mortgage, meaning you can transfer your current mortgage deal, including the interest rate and terms, to your new property. However, this depends on both the lender’s policies and whether your new home meets their criteria. You will likely need to reapply and go through affordability checks, just as you did with your original mortgage.

  • What is remortgaging, and should I consider it when moving home?

    Remortgaging means switching to a new mortgage deal, either with your current lender or a new one, when you move home. You might consider remortgaging if your current deal isn’t suitable for your new property, if you’re looking for better rates, or if your financial situation has changed. It’s important to factor in any early repayment charges or exit fees when deciding whether to remortgage.

  • How long does the mortgage process take when moving home?

    The mortgage process when moving home can take anywhere from a few weeks to a couple of months, depending on factors such as your lender’s processes, your financial situation, and the property market. It typically involves getting a valuation, undergoing affordability checks, and waiting for lender approval. Planning ahead can help avoid unnecessary delays.

  • What documents will I need when applying for a mortgage to move home?

    Common documents include proof of income (such as payslips, tax returns, or bank statements), identification (passport or driver’s licence), and proof of address (utility bills or bank statements). You may also need documentation related to your current mortgage, including the outstanding balance and terms.

  • Are there any fees involved in moving my mortgage to a new home?

    Yes, there may be several fees involved, such as valuation fees, legal fees, or early repayment charges if you’re exiting your current mortgage before the end of its term. Some lenders may also charge arrangement fees for setting up a new mortgage or porting your existing one. It’s important to review your mortgage agreement and consult with your mortgage advisor to understand the potential costs.

  • What happens if my home purchase falls through after I’ve secured a mortgage?

    If your home purchase falls through after your mortgage offer has been secured, you may need to pay fees for services already provided, such as valuation fees. Some mortgage offers are portable, meaning they can be transferred to another property if your next purchase is completed within a specific timeframe, but this varies by lender. Always speak with your mortgage broker to understand the implications.

  • How can Rosa Mortgages help me with my home move?

    At Rosa Mortgages, we offer expert advice tailored to your situation, helping you navigate all available options—whether you’re porting your mortgage, remortgaging, or looking for a new deal. We take care of the entire process, from reviewing your current mortgage terms to finding the best lender for your needs, making your home move as smooth as possible.

    If you have more questions, contact Rosa Mortgages today. Our team is here to provide you with the support and information you need to make confident, informed decisions about your mortgage.

If you have additional questions or need personalised advice, don’t hesitate to contact Rosa Mortgages. Our friendly and knowledgeable team is here to help you navigate the home mover mortgage process with ease. Reach out to us today for a consultation!

Rosa Mortgages, a trading style of Rosa Mortgages LTD is an appointed representative of HL Partnership Limited which is authorised and regulated by the Financial Conduct Authority.
There may be a fee payable for mortgage advice. Our typical fee is £399, but further details can be found on our About Us Page
The guidance and/or information contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.
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