Relocating To A New Home

Guiding You Through Your Next Property Purchase

Moving to a new home comes with many considerations. Even if you’ve navigated the process before, changes in your circumstances—like a new job—can impact your mortgage options.

Porting Your Existing Mortgage: You may have the option to transfer your current mortgage to your new property. This isn’t guaranteed and will require your lender’s approval.

Securing a New Deal with Your Current Lender: You might be able to renegotiate your mortgage terms or interest rates to suit your new situation.

Switching to a New Lender: Applying for a new mortgage with a different lender could offer more favourable terms, though it may come with additional costs.

Considering Early Repayment Charges: Changing your mortgage, even with your existing lender, could result in early repayment fees. It’s important to balance these costs against the potential benefits of securing a new deal.

Get Ready For Your Move

Moving home is an exciting journey, but it’s important to be aware of the costs involved. Here are some common expenses to consider:

Valuation and Survey Fees: You’ll need to cover the cost of valuing your current property and conducting a survey to assess the condition of your new home.

Legal Fees: Property transactions require legal work, which comes with associated fees. We can recommend trusted legal partners to ensure a smooth process.

Estate Agent Fees: If you’re selling through an estate agent, there will be fees involved, but it’s an effective way to market your property and achieve the best sale price.

Mortgage Application Fees: Some mortgage deals come with booking or arrangement fees. We can help you determine if these apply to your situation.

Fixed-Rate Mortgage Considerations: If you’re on a fixed-rate mortgage, ending it early may result in charges. However, you might have the option to port your existing mortgage—speak with your lender or broker to explore your options.