Home Movers
Moving to a new property? We'll help you navigate your mortgage options and make the transition as smooth as possible.
Moving home is an exciting milestone, but it brings a fresh set of financial decisions — particularly around your mortgage. Whether you are upsizing, downsizing or relocating, the right mortgage strategy can make a significant difference to your monthly outgoings and long-term financial position.
Our independent advisers will review your current mortgage, assess your options, and search the whole market to find the most suitable deal for your next chapter.
Your Mortgage Options When Moving
Porting Your Existing Mortgage
If you are on a favourable rate, it may be possible to transfer (port) your existing mortgage to your new property. We will check whether your current lender allows porting and whether it is the most cost-effective option.
Switching to a New Mortgage
If your current deal is ending, or porting is not suitable, we will search the whole market for a new mortgage that fits your new property and circumstances — potentially at a better rate.
Releasing Equity When Moving
If your new home costs more than your current property, you may need to borrow more. We will help you understand how much additional borrowing is available and what the impact on your repayments will be.
Early Repayment Charges
If you are currently within a fixed-rate or discounted period, leaving your mortgage early may trigger an early repayment charge (ERC). These can be significant — sometimes several thousand pounds — so it is important to factor them into your calculations before deciding whether to port or switch.
We will review your current mortgage terms and help you weigh up the cost of any ERC against the potential savings from a new deal.
Moving Home Checklist
- Review your current mortgage deal and any early repayment charges
- Understand whether porting is available and suitable
- Get an Agreement in Principle before making an offer
- Budget for solicitor, survey and removal costs
- Consider buildings and contents insurance for your new home
- Review your life assurance and protection arrangements
SBC Financial is a trading style of Steven John O'Neill, who is authorised and regulated by the Financial Conduct Authority. FCA reference number: 997666. The information on this page is for guidance only and does not constitute financial advice. Your home may be repossessed if you do not keep up repayments on your mortgage.
Moving home? Speak to one of our independent advisers to make sure your mortgage works as hard as you do.
Contact Us