Moving Home Mortgage Guide | If you’re moving home and need a completely new mortgage, there are several flexible options available. The first step is to check whether you’ll face any early repayment charges (ERCs), especially if you’re still within a fixed or introductory deal. If ERCs apply, don’t worry. Many lenders allow you to start arranging a new mortgage once you’re within six months of your current deal ending.

Exploring New Lenders

If porting your mortgage isn’t possible or your current lender doesn’t offer a suitable alternative, you’re free to explore other options. Each lender has different affordability criteria and product ranges, so switching providers could give you access to more competitive mortgage deals.

Considering a New Type of Mortgage

Even if your current mortgage type has worked well so far, your personal and financial circumstances may have changed. You might now benefit from a different product structure, whether that’s a short-term or long-term fix or greater flexibility. A qualified mortgage adviser will assess your needs and guide you through the options that align with your new goals.

Choosing a Different Interest Rate

Unless you’re porting your existing mortgage, you’re under no obligation to stick with the same rate structure. Whether you’re looking at a fixed rate, tracker, discount, or variable option, a mortgage broker can help you compare what’s available and select the interest rate that matches your risk appetite and financial plans.

🔗 Need help choosing the right lender or product? Visit our Independent Mortgage Broker page to speak to a Connect expert.

Should I Port My Current Mortgage or Start a New One?

If you already have a mortgage, you may be able to port it, meaning transferring your existing mortgage to the new property.

Porting Pros:

• Avoid early repayment charges (ERCs)

• Keep your existing interest rate if it’s competitive

Porting Cons:

• You’ll still need to apply and be re-approved

• You may need to borrow more at a different rate

Alternatively, you could apply for a new mortgage altogether. Depending on the rates available and your circumstances, starting fresh could be more cost-effective.  Browse our blog on Porting Your Mortgage to learn more.

👉 Tip: Compare both options carefully. Our team at Connect Brokers can help you evaluate whether porting or switching is right for you.

Costs of Moving Home: Mortgage & More

Aside from the property price, moving comes with several hidden costs:

• Stamp Duty (if applicable)

• Estate agent and legal fees

• Mortgage arrangement fees

• Valuation and surveys

• Removal costs

To budget effectively, read our Mortgage Costs Guide for a breakdown of typical expenses.

Mortgage Options When Moving Home

Depending on your income, equity, and plans, you may choose:

• Fixed-rate mortgages – predictable repayments

• Tracker or variable rate mortgages – may be cheaper upfront

• Offset mortgages – good for those with savings

• Specialist mortgages – e.g., for self-employed or poor credit applicants

Need help finding the right fit? Explore our Mortgage Broker Services to compare deals and lenders.

Moving Home as a First-Time Seller

Selling your first home while buying a new one adds complexity. You’ll be managing:

• Estate agents

• Property chains

• Timing your sale and purchase

• Mortgage approval for the new property

We can help simplify the process, whether you’re remortgaging, porting, or switching to a new lender entirely.

How We Can Help

At Connect for Intermediaries, we work with a wide range of specialist lenders to secure buy-to-let solutions for every type of landlord. Whether you’re navigating HMO licensing or expanding a limited company portfolio, we offer personalised advice and access to exclusive products.

If you’re starting out, check our Adviser Mortgage Network for the Newly Qualified page to see how we support new advisers working with property investors.

Explore More

• Connect Brokers Compliance

• Connect Broker Technology

• Training & Development

• Why Join a Mortgage Network

• Mortgage Adviser Directory

• Adviser Services

If you’re serious about developing your client base and becoming the adviser people remember and recommend, you’re in the right place.

 Ready to grow? Join Our Network today and turn leads into loyal clients.

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Thank you for reading our “Moving Home Mortgage Guide | Moving & Getting a New Mortgage” publication. Stay “Connect“-ed for more updates soon!

Question	Answer
Can I transfer my mortgage when I move home?	Yes, this is called porting your mortgage. However, you must still apply and meet the lender’s current criteria.
What is mortgage porting?	Mortgage porting allows you to transfer your existing mortgage deal to a new property, subject to approval.
Should I get a new mortgage when moving?	It depends on your current deal, rates available, and whether porting is suitable. A broker can help compare options.
Do I pay stamp duty again when moving house?	Yes, if your new property’s value is above the threshold. Rates depend on the property’s value and your situation.
What are the hidden costs of moving home?	Yes – think legal fees, removal costs, surveys, mortgage arrangement fees, and potentially stamp duty.
Can I move home with bad credit?	Yes, but you may need a specialist lender. Connect Brokers can guide you through lenders open to adverse credit.
How do I get approved for a new mortgage?	Lenders assess income, credit history, affordability, and property value. A broker can improve your chances of approval.
How long does it take to switch mortgages when moving?	Typically 4–8 weeks, but this can vary based on the lender, your documentation, and property chain progress.
What if I need to borrow more money for the new property?	You may be able to take out a top-up loan with your current lender or apply for a new mortgage covering the full amount.
Should I use a broker when moving home?	Yes, brokers compare multiple lenders, find better rates, and simplify the process—especially during a home move.