Your existing mortgage
Your current deal may be portable but porting is not automatic. It remains subject to the lender’s criteria and a new assessment.
Moving home mortgages
Plan your next mortgage alongside your next move.
Selling one home and buying another involves several connected decisions. Joanne will help you understand your mortgage options, likely budget and the practical steps involved.
Planning your move
Understand your position before making your next offer.
Moving home can involve changes to your mortgage, deposit, monthly payments and borrowing requirements. Your existing mortgage may also include features or charges that need to be considered.
Joanne will review your current position and future plans, helping you understand what may be achievable before the pressure of a property chain begins.
Early planning can help you understand:
- How your existing mortgage may affect the move.
- What your likely budget for the next property could be.
- Whether additional borrowing may be required.
- Which documents and information should be prepared.
- How the mortgage process fits around selling and buying.
Important considerations
Your mortgage is only one part of the move.
The timing of your sale, purchase, mortgage application and legal work needs to be considered together.
Your new affordability
Changes to the property price, deposit, income or commitments can affect the amount and type of borrowing available.
Your moving timeline
Property chains and legal work can affect timing. Preparing information early can help reduce avoidable delays.
The process
From planning your budget to completing your move.
Joanne can remain in contact with the lender and liaise with other parties where appropriate to help keep the mortgage progressing.
- 01
Review your current position
Joanne will look at your existing mortgage, property, income, commitments and plans for the next home.
- 02
Understand your potential budget
Your likely deposit, sale proceeds and borrowing requirements will be considered before suitable options are researched.
- 03
Make an offer with greater clarity
Once you understand your likely position, you can search for your next home with a more informed idea of what may be achievable.
- 04
Apply and progress towards completion
Joanne will explain her recommendation, submit the application and manage mortgage-related queries as your move progresses.
Moving-home questions
Things to consider before your next move.
These answers provide general information. Your available options will depend on your mortgage and individual circumstances.
Can I take my existing mortgage with me?
Some mortgages are portable but this does not guarantee that the lender will approve the mortgage on a new property. You will normally need to meet the lender’s current criteria and affordability requirements.
Should I get mortgage advice before putting my home on the market?
Speaking to Joanne early can help you understand your potential budget, existing mortgage and any issues that may need attention before making an offer.
What if I need to borrow more for the new home?
Additional borrowing will normally be subject to affordability, property requirements and lender criteria. Joanne can explain how the available routes may work.
What happens if my circumstances have changed?
A change in employment, income, commitments or household circumstances may affect the options available. It is worth reviewing the position before assuming that moving is not possible.
Plan your next move
Understand your mortgage position before you move.
Start with a conversation about your existing home, current mortgage and plans for the next property.