Essex Mortgages

Home Movers

If you currently own a property and are looking to move home, you will have many things to consider… including your mortgage! Depending on your financial circumstances you may have a range of mortgage options available to you, from porting your mortgage to a new property or switching your mortgage to a different lender.Contact us today to discuss your plans and explore the mortgage options available to you.

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Moving to a bigger house?

Are you looking to move to a larger property with a bigger mortgage? If your house has gone up in value since you bought it you will have built up equity over the years, which can be beneficial in putting down a larger deposit towards a bigger and often more expensive property.Having kept up with mortgage repayments, reducing your monthly outgoings or having received a salary increase also helps when considering mortgage eligibility.

When to apply?

If you have only just considered moving, it is best to speak with a mortgage advisor as soon as possible to review your options. This will be a good opportunity to consider different mortgage products suitable for you and find out how much you can borrow if you were to relocate.

Downsizing to a smaller property?

If you wish to downsize to a smaller property and your financial situation hasn’t changed, you may be able to take out a smaller mortgage and reduce your monthly repayments if your current property has increased in value.One of our mortgage experts will be able to guide you through the whole process. We will evaluate your current situation and can advise you on the right mortgage solution for you going forward.

What if I have a Fixed Rate Mortgage?

Yes, it is possible to move property if you are currently tied into a fixed rate mortgage agreement. This is a term known as porting a mortgage and is frequently available as many fixed rate mortgages are portable.

Many mortgage lenders will apply an early repayment fee, however this is subject to the terms of your agreement and can be discussed with a member of our team.

As a mortgage is secured on your home, please note, your home may be repossessed if you do not keep up repayments on your mortgage.