Moving Home Information

When getting a mortgage if you are planning on moving home,  you may already have an existing mortgage.  This information covers moving a mortgage and taking out a new one.


Home Mover mortgage advice from WPP Financial Services, Rochester, Medway, Kent, could help with this.


Moving home if you already have a mortgage.

Mortgages providers may refer to you ‘porting’ your mortgage if you are looking at moving home  It is often possible to transfer ‘ port’ – your fixed rate, tracker or other mortgage.

If this is possible, you will still need to reapply for your mortgage and have credit checks. You’ll also have to pay for a valuation, as legal fees, possibly borrowing fees (if the loan is for an increased amount) and stamp duty as appropriate.  If your financial circumstances have changed, you might find it difficult to get a new mortgage.  If you have found a better, more competitive deal, you may decide to take out a new mortgage with a new provider.  Repayment charges may be due if you want to leave a mortgage early.

Moving Home – Tips to keep costs down

Home Mover mortgage advice from WPP Financial Services, Rochester, Medway, Kent, could help with this.

Consider if you can wait for your current fixed rate deal to come to an end.  If not, you may have to pay early repayment fees.

It may be best to go through your current mortgage provider.  WPP Financial Services can help with this.

If both of the above are not possible, you may still be able to save money if you can go through your current mortgage provider.  You may consider taking out a new mortgage with a new provider if they are offering a more competitive deal.

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