Moving house mortgage

How mortgages work when moving house

Moving house mortgage
Moving mortgage to new house

Want to know how to move your mortgage to another house? Watch our video to find out how you can do just that and more!

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Moving house mortgages

When you move home it is important to check that you have the right moving house mortgage for your needs. Most mortgage lenders will let you port a mortgage from one property to another, which could be a good option if you are buying a home of a similar value. But if you need to borrow more money to purchase your new home, you will usually need to apply for another mortgage to cover the additional cost, which could have a higher interest rate and the added cost of an arrangement fee.

As a whole market mortgage broker, we can help you check that you have the best deal by comparing thousands of products from the UK’s top lenders. We will also help you to review your current deal, by checking to see if a new mortgage deal would still be the preferred option once you have paid any associated fees. If we recommend applying for a new mortgage and you are happy to do so, we will also arrange the entire process from start to finish for you.

If you are thinking of moving home and would like to discuss your options, then get in touch to book a consultation with one of our friendly mortgage advisors. Our advice is completely free and without obligation!

Mortgage moving house
  • Remortgage with same lender

    To avoid potentially having two mortgages, you could remortgage with the same lender and potentially get a much better rate at the same time. You will usually have to pay an early repayment charge and exit fee. And, as you are taking out a new mortgage, there will usually be an arrangement fee and valuation fee to pay too. But it could still be worthwhile which is where we can help.

  • Switch mortgage provider

    If you find a better moving house mortgage with another lender, you could switch mortgage provider and clear your existing mortgage. Again, your current lender will likely charge an early repayment fee and exit fee. And, you will generally need to pay an arrangement fee and valuation fee to your new lender too. But we can help you see if it would be the best decision for you.

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Verified
Excellent advice and service We received excellent advice and service from our broker Liz and from Zoë our case handler. Communication was brilliant from the get-go. Liz went above and beyond to get us the mortgage that suited us best. We feel very lucky to have had her in our corner. Zoë navigated us through the application process and within a super quick time we had the mortgage to buy our dream house. Thank you Fosters, we will use you again.
BPC, sudburyHC
BPC, sudburyHC
2021-06-18
Verified
Excellent service throughout my dealings with them , the adviser was very professional, and helpful and things were done in timely manner. Good company, I will definitely recommend them.
Mrs R
Mrs R
2021-06-15
Verified
Amazing support throughout the process Joanna has been amazing throughout. Really supported where others have failed and kept me fully upto to date throughout. Will definitely use again in 2 years time
Andy Corbett
Andy Corbett
2021-06-09
Verified
AMAZING TEAM OF PEOPLE As a first time buyer I had no idea where to start from so I spoke to a few brokers. Whilst those brokers were good, you guys at Forster's Financial are the best. Tara I cannot thank you enough for your patience and dedication. You understood my awkward working pattern and always accommodated me. I'm so grateful to you all for making the whole process of mortgage and insurance application as stress free as it could be. You took the time to research the market and found me the best deal which suited my needs. I couldn't have asked for a better service. Many thanks to you Tara, Gemma, Carrie and Travis...you are simply the BEST!!
Sheila Morton
Sheila Morton
2021-06-07
Verified
When we decide to move house we wanted to port our existing morgage, this was proving more difficult than we thought and we need some professional guidance. We got in touch with Fosters Financial where Jonathan and Connor took on our morgage port, I can't recommend these guy's enough, they have been professional, honest and determined from day 1. Jonathan also helped my 23 years son with his first morgage, which again is so difficult for our younger generation. If you are reading this I promise you don't need to look any further you have already found the best!
Maria
Maria
2021-06-06
Verified
EXCELLENT SERVICE Worked with Joanna and Zoe on 3 different transactions, a Buy to let, Let to buy and a residential purchase. The service we received was excellent, quick responses even on weekends and late in the evenings Joanna worked tirelessly to get us the best deals with really good interest rates that we did not expect. Joanna held our hands through the whole process, explaining all stages. Joanna is very organised and efficient which made the process much easy and quick. Joanna searched the market for competitive rates for us which saved us a lot of money and reduced our monthly mortgage payments. We would recommend Joanna to anyone looking for an excellent service and good rates.
A S Hewitt
A S Hewitt
2021-06-03
Verified
Great service, Joanna and Gemma for the win! I received a great service from Fosters Financials. Joanna especially was a great help from the get-go and managed to secure me a mortgage offer that no other broker even came near to. Really impressed throughout and would 100% recommend. Thanks again guys!
Seyi
Seyi
2021-06-02
Verified
Joanna went above and beyond her role and was exceptional Our experience with Fosters was an extremely positive one. Our broker was Joanna who went above and beyond her role. Joanna took us step by step through our illustration and all the costs involved, allowing us to ask questions without feeling like we were asking stupid questions. Joanna had an exceptionally clear and concise way of explaining complicated "jargon" making documents extremely easy to understand. We did have a couple of hiccups along the way not created by Joanna or Fosters. However, Joanna was fully on board to do everything she could to push things through for us and to listen to our frustrations and share them while reassuring us when we were concerned. Joanna realised how time senstive our case was and put this at the forefront when dealing with it. Keeping us informed every step of the way, updating us about how our case was progressing - giving us timescales of how long each process took. Now we have been offered a mortgage and I don't think we would have gotten to this stage without Joanna's expertise and efficiency. We really want to thank Joanna and also would like the higher team to know how valuable she is to your team and your organisation as a whole - I would love it if she was overseeing every part of the application process. Thanks very much Joanna!
Craig Maxwell
Craig Maxwell
2021-05-31
Verified
Tara and Gemma have been so helpful and informative throughout my whole process. Being a first time buyer I have obviously had loads of questions as I have no idea what I'm doing! Having also spoken to several advisors, I chose to stick with Tara as she explored every avenue and explained what may work for me before I had even had an offer accepted on a property and she kept in touch throughout my viewing process without making me feel too smothered. Thank you so much Tara and Gemma!!
Abigail Weightman
Abigail Weightman
2021-05-28
Verified
Jonathan has been been fantastic with the service he has provided. He was really helpful with my mortgage application and I am so grateful for all his help!
Clifford Ero
Clifford Ero
2021-05-27
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