MORTGAGES
Home Mover
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Your home may be repossessed if you do not keep up repayments on your mortgage.
What are Home Mover mortgages?
Home Mover is not a particular mortgage product, it relates to the applicant. An applicant who has an existing property and plans to move house is known as a home mover. Home mover mortgage may therefore refer to any mortgage products suitable for applicants classed as home movers.
When you move home, you don’t necessarily have to change mortgages, it’s often possible to remain with the same lender on the same mortgage, known as porting.
What is Porting?
In order to remain on your current mortgage terms when you move home, your lender can usually port your mortgage. Porting your mortgage is simply switching it from your current home to your new one and most lenders should be able to offer this service.
When you port your mortgage, you will need to make another application as well as pay valuation fees and stamp duty on your new home.
If your new home is higher in value than your current mortgage, your lender may require you to take out an additional mortgage. This can end up being more expensive than taking a new mortgage with an alternative lender, in which case porting will not benefit you. Often during a product term, for example during a five year fixed rate period, a mortgage would likely have Early Repayment Charges. These Early Repayment.
Charges are waived, if you port your existing mortgage to your new property and remain with your existing lender. They would however likely be payable if you were to arrange a new mortgage with a different lender.
Porting your mortgage is not a guaranteed right and is subject to a brand new application and meeting the affordability calculations and criteria of your current lender at the time of the move. It is therefore beneficial to discuss this with a Mortgage Broker such as ourselves to establish whether porting or a new lender is most cost effective in your circumstances and to help facilitate any porting or new lender application required.
Taking a New Home Mover Mortgage
If it’s not possible, or cost-effective to port your existing mortgage, or it won’t be beneficial for your circumstances, then your other option is taking a new residential mortgage with a new lender from the wider marketplace. Before you consider this, however, you should check out the early repayment charges on your current mortgage. Under the right circumstances, a new lender could save you lots of money, although this is down to individual circumstances and what rates are currently available to new Home Mover clients.
Timing is crucial when you make an application to take a new Home Mover Mortgage. For example, for those who are near the end of their current fixed-rate deal or have gained equity in their property, a new lender can be a great option. Those with large exit fees or with less than £50k outstanding on their existing mortgage are unlikely to benefit.
New Home Mover Mortgage with an existing lender
If your current lender is unable to port your mortgage, you may still be able to arrange a new Home Mover Mortgage with them if you are keen to stay with the same provider. Bear in mind, however, that this is unlikely to excuse you from early repayment fees.
Usually however, if you are unable to port your mortgage with your lender, this is often because you do not meet their lending criteria or the amount they are willing to lend you on your new purchase is insufficient to your needs. So this would only usually be relevant if your existing lender has a new Home Mover client rate that is financially beneficial compared to porting your existing product to the new property.
A new Home Mover Mortgage with a new lender
Obtaining a new Home Mover Mortgage with a new lender has the exact same costs involved as taking a new product and not porting with your current one, so the chances are, a new lender will be more likely to entice you with a more attractive deal.
When you choose to obtain a new Home Mover Mortgage, it may be possible to borrow more from a new lender than the mortgage amount you currently hold with your existing lender. This could allow you to hold back some equity out of the sale, putting down a lower deposit on the new purchase.
How does the value of your current home affect your options?
Upsizing
Upsizing is the most difficult option for home movers, even when their existing property has risen in value. This is because if their existing property has increased in value, so would the more expensive property they are looking to purchase. A higher purchase price without additional deposit monies such as from savings, would likely increase your loan to value ratio, meaning you are less likely to be accepted to borrow the required additional finance at better interest rates.
Downsizing
Choosing to downsize when you move home gives you the best chance to save money. It increases the chance that your application for a new mortgage will be accepted, as repayments on your mortgage will likely become more affordable and your borrowing will likely decrease, assuming your financial circumstances haven’t declined.
It’s also an option for those whose financial circumstances have declined because borrowing less shows financial responsibility and you will have a better chance of meeting the affordability criteria.
In some circumstances, it may even be possible to purchase a lower value home outright with the profit from selling your existing home.
Negative Equity
Other than in very few extenuating circumstances, such as relocation for work, it’s unlikely that you would choose to move home where your home has fallen into negative equity. Negative equity usually occurs as a result of a drop in the value of your current home, meaning that you owe more on your mortgage than its current value. Therefore in this instance, if you sold your property, you would have to redeem the remaining balance of the mortgage from savings or other funds.
Your home/property may be repossessed if you do not keep up repayments on your mortgage.
Some Buy-To-Let Mortgages are not regulated by the Financial Conduct Authority.
Happy Clients
Jyoti Bains2026-04-02I’ve known Mohit for past so many years, and in that time I’ve seen firsthand just how dedicated, honest, and knowledgeable he is, both professionally and personally. As a mortgage advisor, Mohit goes above and beyond. He takes the time to really understand your situation, explains everything clearly (no jargon or pressure), and make what can feel like a stressful process so much smoother and more manageable. What really stands out is his integrity, you genuinely feel he has your best interests at heart. It’s rare to find someone who combines expertise with such a personal touch. Whether you’re a first-time buyer or remortgaging, you’re in very safe hands. Highly recommend to anyone looking for trustworthy, reliable mortgage advice!
Dripesh Chauhan2026-03-26I would like to thank you Mortgage Matchmakers in helping out the mortgage for our second home. Specially I would like to thank you Bhavna for her dedication and professionalism during the process. I will highly recommend Bhavna of Mortgage Matchmakers Limited for anyone looking for a mortgage. Dripesh & Reena
Jaya Bhardwaj2026-03-17Our experience with Bhavna from mortgage matchmakers has been absolutely fantastic. We have been using her for a while now to get mortgages on several of our properties, including buy to let properties purchased through our limited company and she has always managed to find fantastic deals for us. What particularly stands out is her communication, prompt responses to any queries and her efficiency. Even after the mortgage is approved, she constantly keeps looking to see if any better deals arrive on the market and lets you know if this is the case. She manages everything for you and we have never had any issues with any of the mortgage deals she has sorted for us. Doing business with her is a great pleasure and I would highly recommend Bhavna at Mortgage matchmakers for all of your mortgage needs.
Avanish Tantry2026-03-17I have used Mortgage Matchmakers for several mortgages now and am very happy with their service. Bhavna Grover, who has been our mortgage advisor, is excellent and I can’t recommend her enough. She is professional, very hard working, extremely prompt with her responses and gets things done in super quick time. She has always managed to find really competitive deals for me, including limited company but to let mortgages, and keeps looking out for better deals right till the end. I couldn’t ask for anything more and she completely takes the stress and hassle out of obtaining mortgages. If you are looking for a mortgage advisor and company, look no further than Bhavna and Mortgage Matchmakers.
Richard Smith2026-03-11Mohit was very professional and clearly has a good knowledge of the mortgage market. He was able to secure us a rate ahead of the increase that came in 8 hours later! Would highly recommend for all mortgage related enquiries.
Michael Wheller2026-03-04Excellent service and useful advice all the way through the process of setting up the new mortgage.
Julianaa Raghu2026-02-18I had an exceptional experience working with Mohit Mehra. As a first-time buyer, I was nervous about the process, but Mohit made everything feel straightforward and stress-free. He was incredibly responsive, patient and always answering my questions quickly and explaining complex terms in plain language. The communication was exceptional. I felt they truly had my best interests at heart and went above and beyond to ensure a smooth closing. I highly recommend their services to anyone looking for a reliable and professional mortgage broker!
Hameed Wahedi2026-02-01I was dealing with Ankur for my remortgage and I am highly recommend him to anyone looking to buy or remortgage their property. Thanks
Sope Famo2025-11-21Mohit from Mortgage Matchmakers was a pleasure to work with, making the process as simple as it could have ever been and was always on call to answer any questions. He was super helpful and impressively quick, which is rare when it comes to securing a property/mortgage. Thanks to Mohit we've had our mortgage approved and can move on to the next steps. I would highly recommend Mohit due to reliability and speed along but also his friendliness! Thanks a lot Mohit!!
Angela Kibia2025-11-20We had an excellent experience working with Mohit Mehra at Mortgage Matchmakers. From the beginning he was professional and very supportive. He made the whole process smooth as his communication was amazing. He was always quick to respond and provided updates. Thanks to Mohit we received a successful mortgage offer! We highly recommend Mohit to anyone looking for a reliable mortgage broker.