Home Mover Mortgages
Home Mover Mortgages
Home Mover Mortgage Solutions
Whether you're upsizing, downsizing, or simply moving to a new property, juggling the sale of your current home with a new purchase can feel daunting. At Bradgate Financial Solutions, we make the move simpler with clear, tailored advice that fits your goals, budget, and timescales.
We will compare lenders, explain costs in plain English, and help you decide whether to port your current deal or switch to a new one — a decision that often turns on an early repayment charge rather than on the headline rate.
We handle the paperwork, keep you updated, and liaise with third parties when needed, so the move stays on track. Speak to us today and get a clear plan before you commit to an offer.
How Does a Home Mover Mortgage Work?
A home mover mortgage supports individuals looking to buy a new property while managing the sale of their current one.
With our expertise, moving to a new home becomes a smooth and manageable process.
- Assess Your Needs We evaluate your circumstances to determine the type of mortgage that aligns with your goals — whether you're upsizing, downsizing, or relocating.
- Review Mortgage Options Our whole-of-market approach ensures access to the most competitive mortgage deals, tailored to your needs.
- Porting or New Mortgage We guide you in deciding whether to transfer your existing mortgage to the new property or secure a new deal.
- End-to-End Support From application to liaising with solicitors and estate agents, we manage the details for you.
Early Repayment Charges and Timing
If you are within a fixed or discounted period, leaving it early normally triggers an early repayment charge — commonly a percentage of the balance, stepping down each year of the deal.
On a substantial mortgage this can be a five-figure sum, and it is the cost most often left out of a moving budget.
There are three ways to deal with it.
Port the mortgage
Porting carries your existing rate to the new property, avoiding the charge entirely. It is not automatic — you must reapply and meet the lender's current affordability rules — and where you need to borrow more, the additional amount is taken on a separate product at today's rates, leaving you with two parts on different rates and often different end dates.
Time the move
Charges usually fall each year and disappear at the end of the deal. Where a move is flexible by a few months, waiting can be worth more than any rate difference. Some lenders also waive the charge if you take a new product with them within a set window.
Pay it
Sometimes the right answer, particularly where a materially better rate is available or where porting would restrict which property you can buy.
Ask your lender for the exact figure and the date it reduces before committing to anything. It is a single phone call and it frequently changes the plan.
Keeping the Property Rather Than Selling
Where you do not need the equity from your current home to fund the purchase, letting it instead of selling is worth considering. This is a let to buy arrangement.
It works as two transactions at once: the current home is remortgaged onto a buy to let basis, often releasing capital to serve as the deposit on the new property, and a residential mortgage is arranged for the home you are moving to.
It suits people whose circumstances make selling unattractive — a property struggling to sell, a market they would rather not sell into, or a home they may want to return to. It also removes a link from the chain, which can make your offer on the new property considerably stronger.
It is not a soft option. You will need to satisfy affordability on both mortgages, the new residential lender will take the let property's commitments into account, and the additional-property stamp duty surcharge applies to the purchase because you will own two homes. You also become a landlord, with the obligations, tax position and void risk that carries.
Where you simply need to buy before you sell rather than keep the property permanently, short-term finance is the usual answer instead. Both routes need arranging before you commit to a purchase, not after an offer has been accepted.
Benefits of Working With Us
Working with Bradgate Financial Solutions provides a range of benefits, including:
- Our advisors help you navigate the complexities of buying and selling properties simultaneously.
- Every recommendation is based on your unique needs, whether you're expanding your space, downsizing, or transitioning to independent ownership.
- We search the entire mortgage market to secure the best deal for your situation.
- From the first consultation to the day you move in, we're with you every step of the way.
Matching the Move to Your Circumstances
Your life circumstances may require a change in your living situation. Perhaps your family has outgrown your current home, or your children have moved out, and you're looking for something cosier. Whatever the reason, we tailor our services to suit your specific goals and timeline. If you're exploring your options, loans for moving house can help you decide the best way to finance your next move.
Our Mortgage Solutions
In addition to Home Mover Mortgages, we offer a variety of mortgage services to meet diverse needs:
These options ensure we can support you at every stage of your property journey.
Contact Us
First Time Buyer Mortgages
First Time Buyer Mortgages: Ideal for those entering the property market for the first time.
Right to Buy Mortgages
Right to Buy Mortgages: Ideal for council tenants looking to purchase their homes under the Right to Buy scheme.
Remortgages
Remortgages: Helping you switch to a better rate, release equity, or consolidate debts.
Self-Employed Mortgages
Self-Employed Mortgages: Tailored options for business owners and freelancers with varying income streams.
Adverse Credit Mortgages
Adverse Credit Mortgages: Solutions for individuals with poor credit history to secure a mortgage.
Buy to Let Mortgages
Buy to Let Mortgages: Designed for property investors looking to rent out residential properties.
Portfolio Mortgages
Portfolio Mortgages: Simplifies financing for landlords managing multiple rental properties.
Self-Build Mortgages
Self-Build Mortgages: Provides funding for constructing your own home.
Ex-Pat Mortgages
Ex-Pat Mortgages: Assistance for UK nationals living abroad who want to purchase property in the UK.
Fill In The Form To Get Started
Moving home comes with enough decisions already, so let us make the mortgage part simple.
Once we have the details, an adviser will contact you to arrange a consultation and set out your options. We will assess affordability against today's rules rather than the ones that applied when you last borrowed, compare lenders, and explain whether porting or switching works out better once any early repayment charge is taken into account.
Include any concerns on the form and we will answer them clearly during the call.
Complete the form now and we will keep everything moving — including the parts that usually stall a move, like the chain and the solicitors.
Common questions
Can I transfer my existing mortgage to a new property?
Yes, many lenders allow porting, enabling you to transfer your current mortgage deal to the new property.
Should I pay off my current mortgage and find a new deal?
This depends on your financial situation and current mortgage terms. Our advisors can help you weigh the pros and cons of both options.
What deposit do I need for my next home?
The deposit amount varies, but typically you'll need at least 5% to 10% of the property value.
How long does the process take?
The timeline varies depending on factors like property chains and lender processing times. We aim to streamline the process for a faster completion.
Can I get a mortgage if my circumstances have changed?
Yes, whether you've changed jobs, become self-employed, or experienced other changes, we can help you secure a mortgage tailored to your current situation.
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