Moving home
Home mover mortgage advice
Moving home means juggling a sale, a purchase and a mortgage at the same time. Quanstrom Financial's advisers compare taking your current deal with you against a new mortgage, explain any early repayment charges and help keep your move on track through the chain.
- Porting and switching lender compared side by side
- Options to borrow more, subject to criteria
- Free first consultation, with no obligation
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Your options
Four ways to fund your move
The right route depends on your current deal, your next home and how much you need to borrow. We'll compare the options that may suit you before you decide.
Port your mortgage
Many lenders let you move your current deal to your new home, which could help you avoid an early repayment charge. You'll still need to meet the lender's current lending criteria.
Borrow more
If your next home costs more, you may be able to borrow extra from your current lender, often on a separate rate. We'll show you how the combined payments could look.
Switch lender
A new mortgage with a different lender could suit you better, even after any early repayment charge. We'll compare the total costs so you can see the difference.
Let to buy
Keeping your current home and letting it out? A let-to-buy mortgage could help release a deposit for your next home, subject to criteria.
Most buy-to-let mortgages are not regulated by the Financial Conduct Authority.
How it works
Your move, step by step
From your first conversation to moving day, we'll keep you, your solicitor and your estate agent up to date.
Free consultation
We'll look at your current deal, any early repayment charge and what you may be able to borrow.
Agreement in principle
An early indication of how much a lender may lend, so you can make an offer with confidence.
Sale and purchase agreed
Once your offer is accepted, we'll recommend the mortgage that suits your move.
Full application
Jessie submits your application and keeps it moving with the lender.
Valuation and offer
The lender values your new home and, if all is well, issues your mortgage offer.
Moving day
Your solicitors complete the sale and purchase and you collect your new keys.
What to know
Home mover mortgages, explained
A few things worth understanding before you sell and buy. We'll go through how each one applies to you.
Read our guide to portingPorting
Moving your deal to a new home usually means a fresh application, so the lender will check your income, outgoings and the new property.
Early repayment charges
Leaving a fixed or discounted deal early can mean a charge. Porting could help you avoid it, so we'll check your current terms first.
How much you could borrow
Many lenders lend around 4 to 4.5 times your income, and some may lend more, depending on your circumstances and the lender.
Timing your move
Your mortgage offer needs to be in place before you exchange contracts. We'll plan around your chain and your current deal.
Why Quanstrom Financial
Why home movers choose us
- Porting and switching comparedWe'll set out the costs of each route side by side, including any early repayment charge.
- Lenders compared across the marketIncluding lenders that may be more flexible if you need to borrow more for your next home.
- Your chain kept movingJessie stays in touch with the lender, both solicitors and your estate agent, so you don't have to chase.
- Local people who know EastbourneWe work with local estate agents and solicitors every week, so we know the local market well.
Toby has been dealing with porting my existing mortgage and the mortgage offer has been issued just a week after the application went in.
Tyrone B., about TobyHome mover questions
Can't see your question? Call us on 01323 364432 or book a free consultation.
Can I take my current mortgage with me?
Many lenders let you port your existing deal to a new property, which could help you avoid an early repayment charge. You'll still need to meet the lender's current lending criteria, and we'll check whether porting or a new deal works out better for you.
What if I need to borrow more?
You may be able to borrow more from your current lender, usually on a separate product, or take out a new mortgage with another lender. We'll compare both routes, subject to affordability.
Will I have to pay an early repayment charge?
It depends on your current deal. Charges can apply if you leave a fixed or discounted rate early. Porting may help you avoid one, and we'll check your terms before recommending anything.
How much could I borrow for my next home?
Many lenders lend around 4 to 4.5 times your income, and some may lend more, depending on your circumstances. Your outgoings, credit history and deposit all play a part. Our borrowing calculator gives a rough idea.
What happens if my chain falls through?
Moving home can be unpredictable. If your sale or purchase is delayed or falls through, we'll review your options with you, including whether your lender may extend your mortgage offer.
Can I keep my current home and let it out?
You may be able to, with a let-to-buy mortgage on your current home alongside a residential mortgage on your next one. Most buy-to-let mortgages are not regulated by the Financial Conduct Authority. Our let-to-buy guide explains more.
How much does your advice cost?
Fees vary depending on your circumstances - get in touch and we'll explain any costs clearly before you proceed. Your first consultation is free and there's no obligation.
Ready to plan your move?
Book a free consultation and find out what your options may be. We aim to reply the same working day, and there's no obligation.
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