Whether you're upscaling or downsizing, moving home is an exciting experience and we’d love to share it with you. Let us remove some of the home moving stress by taking care of your next mortgage.
How much can I borrow when moving house?
How much you can borrow depends on several factors, such as your income, outgoings, the current value of your property and your loan-to-value (LTV).
Whether it’s your first or fourth home, the process for applying for a mortgage is very similar. The main difference is that with each move you’re likely to have access to lower mortgage rates due to the equity acquired in your home. The more equity you have in your home, the lower your LTV.
This equity serves as your ‘deposit’, however, you can put additional funds towards your next home if you would like to reduce your LTV.
Our advisors can help you get a clearer picture of how much we would be willing to lend, based on your circumstances. Alternatively, you can use our mortgage finder to get an idea of what could be available to you.
Can I move my existing mortgage to my new home?
If you already have a mortgage product with us, you can take it with you to your new home. This is called 'porting’.
Porting your mortgage could save you money as you won’t need to pay any early repayment charges. If you need to borrow more on your existing mortgage, however, you can do this with a new mortgage product from us.
To make an appointment to discuss your mortgage needs with an advisor, please call 0800 220 568.