Home Mover Mortgage Broker

It depends on your current deal, your lender's porting policy, and what is available in the market. If you are on a competitive fixed rate with time left to run, porting may save you money — but it is not always possible if your new property does not meet the lender's criteria, or if you need to borrow significantly more. We will run the numbers on both options and give you a clear recommendation. Read our full guide to porting your mortgage.

Yes - most home movers need to borrow more as they move to a larger or more expensive property. This will go through a full affordability assessment with the lender. We'll tell you the maximum you can borrow before you start viewing properties so you know exactly what's within reach.

If you are on a fixed rate deal that has not yet ended, your lender may charge a percentage of your outstanding balance to exit early. These can be significant, so it is important to factor them into the cost of moving. In some cases it may make more sense to wait until your deal ends and remortgage at that point, rather than pay the charge now. We will work out whether the ERC makes moving now a good or bad financial decision for you.

Chain collapses are frustrating, but they're not always the end of the road. Your mortgage in principle will remain valid for a period, and in many cases your mortgage application can be transferred to a different property. We'll advise you on your options quickly so you can make an informed decision about next steps.

Equity is the difference between what your property is worth and what you owe on your mortgage. When you sell, this equity is released and can be used as a deposit on your next purchase. If your property has increased in value since you bought it, you may have more to work with than you think. We'll calculate this clearly as part of our initial conversation.

Yes - lenders will typically want two years of accounts or tax returns, though some will consider one year. As whole-of-market brokers, we have access to lenders who are flexible with self-employed income and understand varied income structures.

Yes - many of our clients deal with us entirely by phone or video call. There's no need to visit us in person, though you're always welcome to come and see us at our Chorley offices.

Beyond the deposit and your existing mortgage balance, typical costs include:

•       Stamp Duty Land Tax (SDLT) - rates vary by purchase price and whether it's your only residential property

•       Solicitor/conveyancing fees - typically £2,000-£3,000 for a sale and purchase combined

•       Estate agent fees -- usually 1-3% of your sale price

•       Survey on the new property -- £400-£1,500 depending on type

•       Removal costs

•       Any early repayment charges on your existing mortgage

•       Mortgage arrangement/product fees -- varies by deal

•       Buildings insurance on the new property

We'll give you a full picture of costs upfront -- no surprises.

Downsizing often means releasing a significant amount of equity, which can either reduce your mortgage dramatically or eliminate it entirely. Some people moving to a lower-value property don't need a mortgage at all. We'll help you work through the numbers and ensure the transaction is structured in the most efficient way for your circumstances.

If your mortgage is changing -- in size, lender, or term -- it's worth reviewing your protection at the same time. Your existing life insurance may not be aligned to your new mortgage amount, and policies taken out years ago may not reflect your current circumstances.

We can help you look at:

•       Life insurance -- pays out a lump sum to clear your mortgage if you die

•       Critical illness cover -- pays out on diagnosis of a serious condition

•       Income protection -- replaces a portion of your income if you're unable to work

This isn't a sales pitch -- it's a conversation. We'll explain the options simply and only recommend cover that genuinely makes sense for your situation. Take a look at our dedicated protection insurance page for more info.

As well as home mover mortgages, we advise on first time buyer mortgages, remortgages, buy-to-let mortgages, and product transfers. We also have specialist advisers for self-employed applicants, contractors, and professionals. See our full range of mortgage services.