Home Mover

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Moving house is a big deal, it’s a huge step in your life and it’s important for you to make the right decisions. There’s also many things for you to consider because the possible financial implications of something like this could be huge.

This is why you need to ensure you get the right mortgage to help you buy your home. There are a lot of factors to get right, and it is crucial that you make sure you choose the best solution for you.  Secure in the knowledge that you have the right funding solution for your situation will certainly help to ease the pressure as you move forward.

Understand Your Options

The first part of the process is looking at what you can do to understand the different mortgage options open to you. Knowing your options at this stage is so important because this is what helps you make a qualified decision. These are the three most prominent home mover mortgage options that you need to know about right now:

Mortgaging with your current lender

Whilst remortgaging with your current lender can feel more convenient, it can also be more expensive. By not reviewing other available products with other lenders, you can’t be sure of getting the best deal available to you. Using a mortgage broker means you have access to more products, more lenders and advice you might not get with a product transfer with your current lender. A broker also makes it a stress-free experience by doing much of the leg work in finding the most suitable option.

Mortgaging with a new lender

This is likely to be a more attractive option financially because you’re not just settling for the rate your current lender offers you. You could secure a mortgage with a new lender safe in the knowledge that you’ve selected the best solution for you from across the market.

If you choose to go down this path, you need to factor in that there might well be an early repayment charge (ERC) for cancelling your existing mortgage.


Porting is one of the most popular options for home movers looking for the most attractive mortgage option. This is where you move your existing mortgage over to your new property and simply continuing paying it as normal. You’ll still have to apply for the mortgage and assuming the new property is higher in value, take out an additional mortgage to cover the shortfall.

Upsize, Downsize

If you’re upsizing or downsizing, it’s likely you’ll have to change your mortgage. If you want to move to a smaller or larger property, you need to take stock of your finances and understand how this is going to affect them in the future. A downsize may mean you have a lot of equity in your current property to make the move financially straight forward. By upsizing, the likelihood is your mortgage will naturally become more expensive.

Knowing what it takes to get the right mortgage is so important, which is why The Mortgage Store specialises in understanding it’s clients goals so that we can offer you the most suitable option for what you are looking to achieve.