01789201914 enquiries@capc.uk.com

What happens to your mortgage when you move home?

While moving home can be one of the busiest and most stressful times in your life, sorting out your mortgage doesn’t have to be. In fact, mortgages can be pretty straightforward when moving home, whether you take your current mortgage with you to your new property or decide to remortgage.

If you have decided to move, speaking to a mortgage adviser is one of the best ways to help you with your situation. An adviser will look at your individual circumstances and recommend the right option for you to take. However, if you’re looking for a basic understanding of the options out there then read on.

Portable mortgage – keep your current deal

If your current mortgage has a lower rate than existing deals, you may want to consider a porting your mortgage.

Although one of the simpler options, deciding whether or not to port your mortgage will depend on a few factors. For example, the time remaining on your current mortgage deal, your affordability when porting, if you’re porting your mortgage to a more expensive property or if you’re tied into your current deal with early repayment charges. Ultimately, the deciding factor will be whether it’s financially the right option for you.

Remortgage – get a new mortgage deal

Alternatively, if you’re moving home, this could be a great opportunity for you to look around for a better mortgage deal. Many homeowners look at remortgaging when moving house, to get a lower interest rate.

However, it is important before you consider remortgaging to check any penalties or additional fees that may occur, such as arrangement fees and exit fees. Many lenders charge exit fees when you leave your existing deal and charge an arrangement fee for your new mortgage. So it may be worth considering if it is in actual fact financially the better option for you.

It’s also important to consider your current circumstances and whether these have changed since you took out your original mortgage. Like any remortgage, you will be assessed and credit checked by lenders, to make sure you meet their criteria and with stricter criteria, you may be better sticking with your current mortgage and transporting it to your new property.


If you’d like to get in touch with our expert mortgage advisers to discuss your remortgage options, please don’t hesitate. We offer flexible appointments to fit around your schedule to help make things as easy as possible for you.

For further information call: 01789 201 914

Or email: enquiries@capc.uk.com


Submit a Comment

Your email address will not be published. Required fields are marked *

Contact our expert advisers now

Call free from landline or mobile


Not the right time for a call? Email us and we can arrange a good time to discuss your needs


Mortgage Blogs

What Protection Should I Consider When Getting A Mortgage?

What protection should i consider when getting a mortgage?   For most people, the biggest expense in life will be the mortgage for their house, so it makes sense that you think about getting protection in case you need help to pay your mortgage at some point in...

What Is a Mortgage In Principle

What is a ‘Mortgage in Principle’?  When you are in the early stages of applying for a mortgage, you may come across a number of terms that you are not familiar with or that you do not fully understand. The term ‘Mortgage in Principle’, sometimes referred to as a...

How To Get A Credit Score For Free

How to Get a Credit Score for Free  There are certain times when it is important to have a good idea of how your financial background will be regarded by potential lenders, for instance, when you are applying for credit and particularly if you are applying for a...

Does Gambling affect my mortgage application?

Does gambling affect your mortgage application?  Applying for a mortgage is a process that will involve heavy scrutiny of your financial history and current income and expenditure. A house mortgage is probably the biggest loan you will ever take out, so banks will do...

A Guide to Residential Mortgages

What is a residential mortgage   A residential mortgage is a loan of finance that enables someone to acquire a house to live in. The mortgage will usually be provided by a bank or building society, with a term agreed over which to pay back the loan. The amount...

The Ultimate Mortgage Guide

Are you planning to get a mortgage, but don’t know where to start? This ultimate guide to mortgages will tell you everything you need to know to secure yourself a mortgage.

Your home may be repossessed if you do not keep up repayments on your mortgage.

There will be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances and loan amount. The fee is up to 1.5%, but a typical fee is 0.67% of the amount borrowed.

©2019 |CAPC is a trading name of Christopher Allen Private Clients Limited which is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the financial conduct authority.

Christopher Allen Private Clients Limited. Registered Office: 7 Arrow Court, Adams Way, Alcester, Warwickshire, B49 6PU. Registered in England Number:08820469

We use cookies on this website to give you the best experience we can. To find out how to turn off cookies, have a look at our privacy & cookies policy