Home Mover Mortgages

Clear mortgage advice for your next home

Moving home can be exciting, but it often involves more decisions than buying your first property.

You may be selling and buying at the same time, using the equity from your current home as a deposit, increasing or reducing your borrowing and deciding what to do with your existing mortgage.

You might be wondering:

• How much equity will I have available?

• How much could I borrow for the next property?

• Can I take my current mortgage with me?

• Will I need to pay an early repayment charge?

• What happens if I need to borrow more?

• Should I stay with my existing lender or arrange a new mortgage?

• What if my sale and purchase do not complete together?

At Moveo Mortgages, we’ll take the time to understand your current mortgage, the property you are selling, the home you want to buy and what you are hoping to achieve.

We’ll explain the available options, carry out our research within the scope of our service and recommend a mortgage that we believe is suitable for your individual circumstances and objectives.

There is no expectation that you already understand porting, property chains or lender affordability calculations.

Just clear, personal advice to help make the mortgage side of your move feel more manageable.

Move forward with Moveo.

Helping you make informed mortgage decisions with confidence.

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Find the Information You Need

Use the links below to move directly to the section most relevant to you:

• What is a home mover mortgage?

• When should you speak to a mortgage broker?

• How much could you borrow?

• How much equity do you have?

• Can you port your existing mortgage?

• What happens if you need to borrow more?

• Porting or arranging a completely new mortgage

• Early repayment charges

• Selling and buying at the same time

• Understanding property chains

• Selling before you buy

• Buying before your existing home has sold

• Property tax when you temporarily own two homes

• The home mover mortgage process

• What documents might you need?

• Moving after your circumstances change

• Upsizing

• Downsizing

• Relocating for work

• Moving with low equity or negative equity

• Moving from a Help to Buy or shared ownership home

• New-build home mover mortgages

• Buying a leasehold property

• Higher-value and distinctive properties

• What happens if the purchase falls through?

• Protecting your new home

• Why choose Moveo Mortgages?

• Frequently asked questions

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What Is a Home Mover Mortgage?

A home mover mortgage is a mortgage arranged when you sell your current home and purchase another property.

You may:

• transfer your existing mortgage product to the new home

• remain with your current lender but arrange different borrowing

• replace the existing mortgage with a new mortgage from another lender

• reduce your borrowing

• increase your borrowing

• repay the current mortgage and buy without another mortgage

There is no single mortgage product called a “home mover mortgage” that suits everyone.

The appropriate route will depend on:

• your current mortgage

• the price and expected sale proceeds of your existing home

• the price of the property you want to purchase

• your income and commitments

• any early repayment charge

• the amount of additional borrowing required

• lender affordability and property criteria

• your future plans

Your existing mortgage must normally be repaid when the property securing it is sold, even where the mortgage product is being ported to a new home.

When Should You Speak to a Mortgage Broker?

You do not need to wait until your existing home has sold or you have found your next property.

Speaking early can help you understand:

• how much you may be able to borrow

• the likely equity available from your sale

• whether your current mortgage is portable

• whether an early repayment charge may apply

• the approximate price range for your next property

• whether your changed circumstances could affect the application

• the costs you should allow for

• whether selling and buying simultaneously appears realistic

An early review can also help identify issues before you make an offer.

For example:

• your current lender may not accept the property type you want to purchase

• the mortgage may be portable, but you may not pass the lender’s current affordability assessment

• additional borrowing may need to be placed on a different product

• your current mortgage may carry a significant early repayment charge

• the expected sale proceeds may be lower after fees and redemption costs

The purpose of an initial conversation is to give you a clearer picture—not to pressure you into moving before you are ready.

How Much Could You Borrow?

The amount available for your next mortgage will depend on your current financial position, not simply the amount you borrowed when purchasing your existing home.

A lender may consider:

• employed or self-employed income

• bonuses, commission or overtime

• loans and credit-card commitments

• car finance

• childcare and dependants

• maintenance payments

• regular household expenditure

• the proposed mortgage term

• your age and expected retirement

• the deposit or property equity

• the home being purchased

Your circumstances may have changed since your existing mortgage was arranged.

You may now:

• earn more or less

• have children

• be self-employed

• work fewer hours

• have additional borrowing

• receive a different type of income

• be closer to retirement

Porting an existing mortgage does not avoid the need to meet the lender’s current affordability and lending criteria. Moving is still treated as a new mortgage application.

Maximum Borrowing Versus Comfortable Borrowing

The maximum amount a lender is prepared to offer is not necessarily the amount you should borrow.

Your personal budget should account for:

• the new mortgage payment

• council tax

• utilities

• insurance

• maintenance

• commuting

• childcare

• savings

• potential changes in interest rates

• the cost of running the new property

A larger home can also bring higher heating, maintenance and insurance costs.

We’ll discuss the proposed mortgage payment alongside your wider plans rather than focusing only on the maximum available amount.

How Much Equity Do You Have?

Equity is broadly the difference between the value of your current property and the amount secured against it.

For example:

• expected sale price: £350,000

• outstanding mortgage: £220,000

• estimated gross equity: £130,000

However, this does not mean the full £130,000 will necessarily be available as your next deposit.

You may also need to deduct:

• estate agency fees

• solicitor or conveyancing costs

• an early repayment charge

• mortgage redemption or administration fees

• other secured borrowing

• agreed sale incentives or allowances

• moving costs

The Sale Price Is Not Guaranteed

An estate-agent valuation is an estimate rather than a guaranteed sale price.

Your actual equity will depend on:

• the price eventually agreed

• whether the buyer renegotiates

• survey findings

• outstanding mortgage interest and fees

• the final redemption figure

It is often sensible to consider how your purchase would be affected if the existing property sold for slightly less than expected.

Your Equity Becomes the Deposit

The net sale proceeds can usually contribute towards:

• the deposit on your new home

• property tax

• legal costs

• mortgage fees

• removals

• immediate repairs or improvements

Not every pound of equity must necessarily be placed into the next property.

You may wish to retain funds for costs, emergencies or planned work, subject to the deposit and mortgage required.

Can You Port Your Existing Mortgage?

Porting means transferring the mortgage product or rate from your existing home to another property.

Most modern mortgages are described as portable, but this does not mean the mortgage can be moved automatically.

The lender will normally assess:

• your current income

• affordability

• credit history

• the new property

• the amount being borrowed

• its current lending criteria

MoneyHelper confirms that porting remains subject to a new mortgage application and the lender’s affordability and eligibility checks.

What Is Actually Ported?

The mortgage loan itself is normally repaid when your current home is sold.

The product terms attached to the existing balance may then be transferred to the new borrowing, subject to the lender’s conditions.

This distinction is important.

Portability is a product feature—not a promise that the lender must approve the move.

When Porting May Be Worth Considering

Porting may be relevant where:

• your existing rate is attractive

• a substantial early repayment charge would otherwise apply

• the mortgage features continue to suit your plans

• your lender accepts the new property

• you pass its affordability and credit assessment

When Porting May Not Be Suitable

Porting may be less appropriate where:

• another lender offers a better overall solution

• the existing product no longer suits your plans

• you cannot meet the current lender’s affordability criteria

• the new property is unacceptable to the lender

• the porting timescales do not fit the transaction

• additional borrowing would create an awkward split mortgage

• the costs of staying outweigh the benefit

We’ll compare porting with suitable alternatives rather than assuming it is automatically the right route.

What Happens if You Need to Borrow More?

If the new property costs more and your available deposit is not enough to cover the difference, you may need additional borrowing.

Where you port your existing mortgage, the current rate normally applies only to the balance being transferred.

The extra borrowing may need to be arranged on a separate mortgage product with:

• a different interest rate

• a different product fee

• a different initial period

• a different deal-expiry date

• separate early repayment charges

MoneyHelper notes that additional borrowing used alongside a ported mortgage may be placed on a separate deal, meaning different parts of the mortgage can require review at different times.

A Split Mortgage

For example, you might have:

• £180,000 remaining on your existing fixed-rate product

• £100,000 of additional borrowing on a new product

The two parts may have different rates and end dates.

This can make future mortgage reviews more complicated.

A Completely New Mortgage May Be Better

In some circumstances, replacing the whole mortgage with one new product could be more suitable, even if an early repayment charge applies.

The decision should compare:

• the cost of leaving the current mortgage

• the rate on the ported borrowing

• the rate on the additional borrowing

• the cost of a completely new mortgage

• product fees

• future flexibility

• your expected plans

Porting or Arranging a Completely New Mortgage

There are usually two main routes when moving with an existing mortgage.

Option 1 – Port the Current Product

This may allow you to retain the current product on the existing balance.

Potential advantages include:

• retaining a favourable rate

• avoiding or recovering an early repayment charge, subject to lender rules

• keeping features you value

Potential disadvantages include:

• needing to meet the existing lender’s current criteria

• restricted additional-borrowing options

• separate rates and expiry dates

• limited flexibility

• the new property being unacceptable to that lender

Option 2 – Repay the Existing Mortgage and Arrange a New One

This may provide:

• access to a different lender

• one mortgage product covering the full balance

• different features

• a mortgage term better suited to your current plans

Potential disadvantages can include:

• an early repayment charge

• new product fees

• valuation and legal costs

• losing an attractive existing rate

Compare the Overall Cost

The lowest rate does not automatically produce the best result.

The comparison should include:

• early repayment charges

• arrangement fees

• valuation and legal costs

• monthly payments

• total cost over the comparison period

• product flexibility

• future plans

Early Repayment Charges

An early repayment charge may apply if your existing mortgage is repaid during an initial fixed, discounted or incentive period.

The charge may be:

• a percentage of the outstanding balance

• a reducing percentage over time

• another amount described in the mortgage terms

Check:

• when the charge ends

• how it is calculated

• whether porting affects it

• whether it must be paid and later refunded

• the lender’s time limit for completing the onward purchase

Some lenders require the sale and new purchase to complete simultaneously.

Others may permit a gap and refund some or all of the charge if the mortgage is ported within a defined period.

The precise rules vary and must be confirmed with the lender.

MoneyHelper notes that a homeowner can run out of time to port if there is a long gap between selling and buying, with the permitted period often being limited by the lender.

Moveo Tip

Do not assume that “portable” means the early repayment charge disappears automatically.

Ask how the lender handles the charge, whether simultaneous completion is required and what happens if the purchase is delayed.

Selling and Buying at the Same Time

Many home movers sell their existing property and purchase the next one as part of the same connected transaction.

The money from the sale is used to:

• repay the existing mortgage

• pay selling costs

• provide the deposit for the new home

• contribute towards property tax and moving costs

Your solicitor coordinates the legal completion and transfer of funds.

Why Timing Matters

The sale and purchase may depend on:

• the buyer of your current home

• the seller of your next property

• mortgage offers

• surveys

• searches

• legal enquiries

• other transactions within the chain

A delay affecting one household can affect several connected moves.

Exchange and Completion

In England and Wales, exchange of contracts is normally the stage at which the parties become legally committed to the transaction.

Completion is the day ownership transfers and the mortgage funds are released.

The legal process differs across Scotland and Northern Ireland, so your solicitor will explain the process relevant to the property’s location.

Understanding Property Chains

A property chain is a series of linked sales and purchases.

For example:

• your buyer must sell their home

• you need your sale to complete before buying

• your seller is also purchasing another property

Each household may depend on another transaction progressing successfully.

MoneyHelper describes a property chain as a series of linked purchases that all need to complete, with longer chains providing more opportunities for delays or a transaction to fall through.

What Can Delay a Chain?

Potential causes include:

• a mortgage application taking longer than expected

• survey problems

• legal-title issues

• a property being valued below the agreed price

• one buyer changing their offer

• a seller withdrawing

• a mortgage offer expiring

• delays elsewhere in the chain

Your Mortgage Offer Has an Expiry Date

A mortgage offer is normally valid for a limited period.

If the chain is delayed, the offer may need to be extended or reassessed.

An extension is not guaranteed.

The lender may require:

• updated income evidence

• another credit check

• a new valuation

• confirmation that circumstances have not changed

MoneyHelper notes that delays in conveyancing, property issues, credit matters or changes in circumstances can result in a mortgage offer expiring.

Selling Before You Buy

Some homeowners choose to complete the sale of their existing property before purchasing the next one.

This can:

• remove you from a property chain on the sale side

• give you certainty about the money available

• make you a more flexible purchaser

• avoid relying on a buyer when making the next offer

However, you may need:

• temporary accommodation

• storage

• two removals

• funds for rent and deposits

• a plan if property prices change

There may also be a time limit for porting the existing mortgage product after the sale.

If you intend to port, confirm the lender’s exact rules before deciding to sell first.

Buying Before Your Existing Home Has Sold

Some people consider completing the new purchase before selling their current property.

This can avoid temporary accommodation and reduce the risk of losing the new home.

However, it may require you to show that you can afford:

• both mortgages

• both sets of household costs

• the deposit on the new property

• potentially higher property tax

• any short-term borrowing

• the costs of selling later

A lender may include both mortgage commitments in its affordability assessment unless there is firm evidence that the existing mortgage will be repaid.

Short-Term Secured Finance

Specialist short-term finance, sometimes called bridging finance, may occasionally be considered where a buyer needs to complete before longer-term funds or sale proceeds become available.

This type of borrowing can involve:

• higher interest rates

• arrangement fees

• valuation and legal costs

• a clearly defined repayment or exit strategy

• borrowing secured against property

It is not a routine substitute for an ordinary residential mortgage and requires careful advice.

Read our Bridging Loans guide.
Internal link: Bridging Loans

Property Tax When You Temporarily Own Two Homes

Property tax depends on where in the UK you are buying and your individual circumstances.

Your solicitor or tax adviser should calculate the amount due.

England and Northern Ireland

If completing the purchase of a new main home means you temporarily own more than one residential property, the higher Stamp Duty Land Tax rates may apply.

The current additional-property surcharge is generally 5 percentage points above the standard residential rates. If the previous main residence is subsequently sold within the qualifying period, a refund of the higher-rate element may be available, subject to the conditions. GOV.UK currently states that the previous main home generally needs to be sold within three years.

Do not assume the refund will automatically apply.

Factors such as other property ownership and the precise replacement-main-residence rules can affect eligibility.

Scotland and Wales

Scotland and Wales have their own property-transaction taxes and additional-dwelling rules.

Your solicitor or tax adviser should confirm the amount and any available refund based on the property location and your circumstances.

The Home Mover Mortgage Process

Every move is different, but the mortgage process will commonly follow these stages.

1. Review Your Existing Mortgage

We’ll establish:

• the outstanding balance

• current rate

• product-expiry date

• remaining term

• repayment method

• early repayment charge

• portability terms

2. Estimate the Available Equity

We’ll consider:

• the expected sale price

• mortgage redemption

• selling costs

• other secured borrowing

• the amount you wish to retain

3. Assess Your Potential Borrowing

We’ll review your current income, commitments and circumstances.

This provides an indication of the price range that may be achievable.

4. Compare Porting and New-Mortgage Options

We’ll consider:

• the existing lender

• additional borrowing

• early repayment charges

• suitable alternative lenders

• the complete costs and features

5. Obtain an Agreement in Principle

Where appropriate, we can apply for an Agreement in Principle to help establish your likely borrowing position.

An Agreement in Principle is not a guarantee of a full mortgage offer.

6. Market Your Current Home and Search for the Next Property

You may decide to sell first, find first or progress both at the same time.

The estate agent and solicitor will help manage the wider transaction.

7. Make an Offer

Make sure the estate agent understands:

• your current selling position

• whether you are in a chain

• whether your mortgage has been assessed

• whether an Agreement in Principle is available

8. Receive a Full Mortgage Recommendation

Once the property and borrowing requirement are known, we’ll complete our research and explain:

• the recommended lender and mortgage

• why we believe it is suitable

• the rate and monthly payment

• fees and charges

• early repayment charges

• portability

• relevant alternatives

9. Submit the Application

If you are happy to proceed, we’ll prepare and submit the application.

10. Lender Assessment and Valuation

The lender will assess:

• affordability

• credit history

• supporting documents

• the property

• the requested mortgage

It may request additional evidence.

11. Mortgage Offer

If the lender approves the application and property, it may issue a formal mortgage offer.

12. Exchange and Completion

Your solicitor will coordinate the legal work, exchange and completion.

On completion:

• your existing property is transferred to its buyer

• the old mortgage is repaid

• the new mortgage funds are released

• ownership of the next home transfers to you

What Documents Might You Need?

The documents required depend on your circumstances and the lender.

You may be asked for:

• identification

• proof of address

• recent payslips

• a P60

• recent bank statements

• evidence of bonuses, commission or overtime

• accounts and tax documents if self-employed

• details of loans and commitments

• your existing mortgage statement

• evidence of savings or additional deposit funds

• proof of the expected sale

• estate-agent sales particulars

• property information

We’ll provide a personalised list based on your application.

Keep Us Informed

Tell us if anything changes before completion, including:

• income

• employment

• new borrowing

• credit commitments

• sale price

• purchase price

• deposit

• property

• household circumstances

A material change may affect the lender’s decision.

Moving After Your Circumstances Change

Your position may be different from when your existing mortgage was arranged.

You Have Changed Jobs

Some lenders can consider:

• a recently started role

• a signed future employment contract

• an applicant within probation

• a change in working hours

The approach varies.

You Have Become Self-Employed

You may now need to provide:

• accounts

• tax calculations

• tax year overviews

• salary and dividends

• business profit

• contract details

The current lender may also assess you differently from when you originally applied.

Read our Self-Employed Mortgages guide.
Internal link: Self-Employed Mortgages

Your Household Has Changed

You may be:

• buying with a new partner

• purchasing alone

• separating from a former partner

• adding or removing someone from the mortgage

• moving after having children

Ownership changes can involve affordability, legal and tax considerations.

Independent legal advice may be appropriate.

You Are Approaching Retirement

The proposed term may continue beyond your expected retirement age.

The lender may consider:

• expected retirement income

• pension arrangements

• remaining mortgage term

• repayment strategy

• affordability after retirement

Upsizing

Moving to a larger or more expensive property usually means increasing the mortgage or using more of your available equity.

Consider:

• the larger monthly payment

• increased council tax

• higher energy costs

• maintenance

• insurance

• planned renovations

• childcare or school costs

• possible future interest-rate changes

Borrowing More

The lender must be satisfied that the new mortgage is affordable.

The additional borrowing may also move you into a higher loan-to-value band.

Keep an Emergency Reserve

Using all available savings as the deposit may leave limited funds for:

• repairs

• furniture

• moving costs

• unexpected bills

The appropriate deposit should be considered alongside your wider finances.

Downsizing

Downsizing can involve moving to a smaller or less expensive home.

Your objectives may include:

• reducing the mortgage

• clearing it completely

• releasing equity

• reducing household costs

• moving closer to family or amenities

• choosing a more manageable property

Releasing Equity

The sale may leave money after:

• repaying the existing mortgage

• purchasing the new property

• paying tax and moving costs

You should consider appropriate financial, tax or pension advice before making longer-term decisions about significant released funds.

Mortgage Requirements

You may still need a mortgage if:

• the new property is more expensive than expected

• you want to retain some capital

• the existing mortgage balance is substantial

• costs reduce the available equity

Later-Life Borrowing

Where standard residential borrowing does not meet your needs, later-life mortgage options may exist.

These products can be complex and require specialist advice.

Relocating for Work

A home move may coincide with:

• starting a new job

• changing employer

• moving during probation

• receiving a relocation package

• changing from self-employment to employment

• retaining a property elsewhere

• relying on future income

Starting a New Role

Some lenders can consider applicants with:

• a recently started role

• a signed employment contract

• future employment beginning shortly

The decision will depend on:

• the lender’s criteria

• employment history

• the role

• the start date

• probation

• wider circumstances

Relocation Payments

Not every relocation allowance will be treated as mortgage income.

The lender may want to know whether it is:

• a one-off payment

• reimbursement of expenses

• contractual income

• repayable if employment ends

Moving With Low Equity or Negative Equity

Negative equity occurs where the mortgage balance is higher than the property’s current value.

This can make moving difficult because the sale proceeds will not fully repay the mortgage.

MoneyHelper explains that negative equity can restrict a homeowner’s ability to move or arrange another mortgage.

Possible Options

Depending on the circumstances, you may need to consider:

• delaying the move

• reducing the balance

• using savings to cover the shortfall

• discussing options with the existing lender

• whether a specialist negative-equity product exists

Do not commit to a sale where the proceeds will not clear the mortgage without first speaking to the lender and solicitor.

Moving With a Small Deposit

Home movers purchasing their main residence may have access to eligible 90% or 95% loan-to-value repayment mortgages, subject to lender affordability, credit, property and scheme criteria. The permanent Mortgage Guarantee Scheme supports participating lenders’ availability of qualifying low-deposit products but does not guarantee an individual application.

A smaller deposit can mean:

• higher monthly payments

• fewer mortgage options

• greater sensitivity to a fall in property value

• stricter affordability requirements

Moving From a Help to Buy or Shared Ownership Home

Some home movers purchased their existing property through a government or affordable-homeownership arrangement.

Additional steps may be required before the property can be sold.

Help to Buy Equity Loan

If your current home has a Help to Buy equity loan, the equity loan must normally be repaid when you sell.

The repayment is based on the relevant equity-loan percentage and the property’s current market value or sale price under the scheme rules. A qualifying RICS valuation and formal redemption process are normally required.

This can affect the amount of equity available for your next deposit.

Begin the repayment process early and follow the current Homes England guidance.

Shared Ownership

If you own less than 100% of a shared ownership home, you must normally notify the landlord or housing provider when selling.

The provider may have a period in which it can nominate a buyer for your share before the home can be marketed more widely. The precise process depends on the lease.

Consider:

• valuation costs

• nomination periods

• landlord fees

• lease requirements

• the mortgage redemption

• your available equity

Your solicitor and housing provider should explain the process.

New-Build Home Mover Mortgages

Buying a new-build home while selling an existing property can create additional timing considerations.

You may need to consider:

• the reservation fee

• the developer’s exchange deadline

• the expected build-completion date

• the mortgage-offer expiry

• possible construction delays

• your current property sale

• developer incentives

• part-exchange arrangements

• estate or management charges

The Exchange Deadline

A developer may require exchange within a relatively short period after reservation.

This may be difficult if your current property is not yet sold or your chain is incomplete.

Delayed Completion

Where the new home is still being built, the mortgage offer may expire before completion.

An extension may be possible but is not guaranteed.

Part Exchange

Some developers offer to purchase an existing property as part of a new-build transaction.

The arrangement may reduce chain uncertainty, but you should consider:

• the offered price

• the terms and deadlines

• any incentives

• the complete financial outcome

Obtain suitable legal advice before committing.

Read our New-Build Mortgages guide.
Internal link: New-Build Mortgages

Buying a Leasehold Property

If your next home is a flat or leasehold house, the lender may assess:

• the remaining lease term

• ground-rent provisions

• service charges

• planned major works

• the freeholder or management company

• building insurance

• construction

• commercial premises within the building

• external-wall information where relevant

Your solicitor will advise on the lease and legal title.

We’ll help you understand any mortgage requirements raised by the lender.

Service Charges and Affordability

A service charge may be included as a regular financial commitment within the lender’s affordability assessment.

Include it in your own budget alongside:

• the mortgage

• council tax

• insurance

• utilities

• maintenance

Higher-Value and Distinctive Properties

Some home moves involve:

• a larger mortgage

• a period property

• listed status

• unusual construction

• land or outbuildings

• an annexe

• private access

• extensive renovation

• a bespoke or contemporary home

The lender must be satisfied with both the borrower and property.

Larger Mortgages

A lender may assess:

• bonuses and commission

• company-director income

• partnership earnings

• existing property liabilities

• the source of the deposit

• monthly commitments

• interest-only repayment strategies

Read our Large Mortgage Loans guide.
Internal link: Large Mortgage Loans

Distinctive Properties

Tell us early if the home includes:

• several acres

• commercial or equestrian use

• an annexe

• a private road

• non-standard construction

• structural issues

• significant planned work

This can help avoid approaching a lender whose property criteria are unsuitable.

What Happens if the Purchase Falls Through?

A mortgage offer relates to a particular applicant, property and transaction.

If the purchase falls through:

• tell us and your solicitor immediately

• do not assume the offer can automatically be transferred

• avoid committing to another property before checking the mortgage position

• keep us informed of any change in price or property type

The lender may need:

• a new valuation

• revised property details

• another underwriting review

• updated documents

The mortgage product may no longer be available by the time another property is found.

Your Sale May Still Proceed

If your purchase fails but your buyer remains ready, you may choose to:

• delay the sale

• find another property

• sell and move into temporary accommodation

Consider the mortgage-porting rules and costs before making a decision.

Protecting Your New Home

Moving home is a useful opportunity to review whether your existing protection still reflects your circumstances.

Your mortgage, income and family responsibilities may have changed.

Life Insurance

Life insurance can pay a benefit if the insured person dies during the policy term, subject to the policy’s terms and conditions.

Read our Life Insurance guide.
Internal link: Life Insurance

Critical Illness Cover

Critical illness cover can pay a benefit following diagnosis of a condition covered by the policy, provided the relevant definition and conditions are met.

Read our Critical Illness Cover guide.
Internal link: Critical Illness Cover

Income Protection

Income protection can provide a regular benefit if illness or injury prevents the insured person from working, subject to the policy terms.

Read our Income Protection guide.
Internal link: Income Protection

Do Not Cancel Existing Cover Prematurely

Do not cancel an existing policy simply because replacement cover has been discussed or applied for.

New cover may be:

• declined

• subject to exclusions

• more expensive

• offered on different terms

Wait until the replacement has been accepted, checked and placed on risk and you have been advised that cancelling the existing policy is appropriate.

Any protection recommendation will be based on your individual needs and objectives.

Why Choose Moveo Mortgages for Your Home Move?

Moving home can involve many people and several connected transactions.

Our role is to make the mortgage side clearer and easier to manage.

We Review Your Existing Position First

We’ll consider:

• the current mortgage

• early repayment charges

• portability

• outstanding balance

• available equity

• your expected sale proceeds

We Help You Establish a Realistic Budget

We’ll review your current income, commitments and the likely mortgage requirement before you focus on the next property.

We Compare Porting and New-Mortgage Options

We won’t assume that remaining with your current lender or switching is automatically better.

We’ll explain the costs, features and practical differences.

We Explain the Recommendation

You’ll understand:

• what we recommend

• why we believe it is suitable

• the proposed monthly payment

• the relevant fees

• early repayment charges

• product restrictions

• anything else you should consider

We Manage the Mortgage Application

If you decide to proceed, we’ll prepare and submit the application, explain the supporting evidence and keep you informed.

We Aim to Respond Within 24 Hours

You should know who to contact and where the mortgage application stands.

We Support You Beyond Completion

We’ll aim to contact you before the new mortgage deal expires so that there is time to review the available options.

Home Mover Mortgage Advice Across the UK

Moveo Mortgages provides remote mortgage and protection advice through Zoom, telephone and email.

We also have dedicated location information for home movers across Manchester, Cheshire and the surrounding areas.

Explore our location guides:

• Mortgage Broker Manchester
  Internal link: Mortgage Broker Manchester

• Mortgage Broker Cheshire
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Frequently Asked Questions

What is a home mover mortgage?

It is a mortgage arranged when you sell your existing home and buy another property.

Can I take my current mortgage with me?

Potentially.

This is known as porting, but it remains subject to a new application, affordability assessment, credit checks, lender criteria and approval of the new property.

Does a portable mortgage guarantee that I can move it?

No.

Portability is a product feature rather than guaranteed approval.

Will I need another affordability assessment?

Yes, in most cases.

The lender will assess your current circumstances and the proposed borrowing.

Can I borrow more when I move?

Potentially.

Additional borrowing will be subject to affordability and lender criteria and may be placed on a separate mortgage product.

Can I borrow less when porting?

Potentially.

An early repayment charge may apply to the portion not being transferred, depending on the lender’s rules.

What happens to my existing mortgage when I sell?

It is normally repaid from the sale proceeds.

Where the product is ported, the qualifying product terms may be transferred to borrowing secured against the new property.

Will I pay an early repayment charge?

Possibly.

This depends on the existing mortgage, timing and porting rules.

Can an early repayment charge be refunded?

Some lenders may refund a charge where a new mortgage is completed within their permitted porting period.

This cannot be assumed and the lender’s conditions must be checked.

How much equity will I have?

Your available equity is based on the sale price minus the mortgage balance, secured borrowing and selling costs.

Can I use all my equity as the next deposit?

Potentially, but you should also allow for tax, legal costs, fees, removals, repairs and emergency savings.

Should I arrange a mortgage before selling my home?

An early assessment can help you understand your borrowing position before making commitments.

Do I need an Agreement in Principle?

It can help demonstrate your likely borrowing position when making an offer, although it is not a guarantee of a full mortgage offer.

Can I buy before my current home sells?

Potentially, but you may need to demonstrate affordability for both properties and provide the new deposit without relying on the sale.

Higher property taxes or short-term finance may also apply.

Will I pay higher Stamp Duty if I buy before selling?

In England and Northern Ireland, the higher rates may apply if you own both homes at completion.

A refund may be available if the former main residence is subsequently sold within the qualifying period and the conditions are met.

What is a property chain?

It is a series of connected property sales and purchases that depend on one another.

Can my mortgage offer expire because of a chain delay?

Yes.

Mortgage offers are valid for a limited period. An extension may be possible but is not guaranteed.

What happens if my purchase falls through?

The lender must be told.

A new property may require a valuation, updated application and further underwriting.

Can I change the property on my mortgage application?

Potentially, subject to the lender’s approval, valuation and criteria.

Can I move if I have become self-employed?

Potentially.

The lender will assess your current trading history, income and evidence.

Can I move during a probationary period?

Potentially.

Lenders approach probation differently.

Can I use bonuses, overtime or commission?

Potentially.

The amount accepted and evidence required vary between lenders.

Can I move if I have previous credit problems?

Potentially.

The available options depend on the type, timing and severity of the issues and your wider circumstances.

Can I move with negative equity?

This can be difficult.

You should speak to your current lender and adviser before committing to a sale or purchase.

Can I move from a Help to Buy property?

Yes, but the equity loan normally needs to be repaid as part of the sale process under the scheme rules.

Can I sell a shared ownership property?

Yes, subject to the lease and housing provider’s resale process.

Can I move to a new-build home?

Potentially.

The developer’s exchange deadline, build completion and mortgage-offer validity must be considered carefully.

Can I port my mortgage to a new build?

Potentially, if the lender accepts the property and the timing meets its porting rules.

Can I move to a leasehold flat?

Potentially.

The lender will assess the lease, charges, building and property.

Can I buy a home requiring renovation?

Potentially.

The lender must regard the property as acceptable security in its current condition.

Can I keep my existing home and rent it out?

Potentially, but you may require consent to let or a buy-to-let mortgage.

The existing property’s mortgage and costs may affect affordability for the new home.

Do I need life insurance when moving?

Life insurance is not automatically compulsory with every mortgage.

A move is an appropriate time to review whether existing protection still meets your needs.

Will Moveo contact me when the new mortgage deal ends?

We’ll aim to contact you before the deal expires so that there is time to review the available options.

Ready to Plan Your Next Move?

You do not need to know whether you should port your mortgage, change lender or exactly how much you can borrow before speaking to us.

That is what the first conversation is for.

Whether you are:

• beginning to think about moving

• preparing to put your home on the market

• already under offer

• looking for a larger property

• downsizing

• relocating for work

• moving after becoming self-employed

• purchasing a new-build home

• buying before your existing home has sold

• moving from shared ownership or Help to Buy

• considering a higher-value or distinctive property

we’ll take the time to understand your circumstances and explain the relevant options.

No unnecessary jargon.

No assumption that porting or changing lender is automatically better.

Just clear, personal advice to help make your next move feel more manageable.

Move forward with Moveo.

Helping you make informed mortgage decisions with confidence.

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Regulatory Wording

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[Moveo Mortgages is a trading style of FULL LEGAL ENTITY NAME, an Appointed Representative of PRINCIPAL FIRM NAME, which is authorised and regulated by the Financial Conduct Authority. FCA reference number: NUMBER.]

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THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Most forms of buy-to-let mortgage are not regulated by the Financial Conduct Authority.