A house move can be an exciting – if stressful – time! Happily Cowens Mortgage Solutions can relieve the stress by helping you find the right mortgage lender for your particular needs.
Moving Home Mortgages in Nottingham & Mansfield
When you’re moving home you want to be able to look forward to viewing properties, exploring a new area and planning your décor. We’re here to provide the peace of mind that, when you discover your dream property, your finances will be in order.
Even if you’ve secured a first-time buyer mortgage previously and already understand the mortgage and moving process it’s still a life-changing decision and you want to be assured you choose the right package.
Whether you’re upsizing, downsizing, or even if you have special requirements, like a non-standard construction mortgage, a mortgage for a specialist property, or if you’re wondering whether you can transfer your existing mortgage, we’re on hand with the expertise and advice to make it all as easy as possible. Thanks to our independent status we have access to a broad spectrum of lenders and mortgage options to ensure you make the most of your money and can enjoy your property journey the way in which you’re supposed to!
Your home may be repossessed if you do not keep up repayments on your mortgage.
Get in touch with a friendly, expert Cowens adviser to find out more
Frequently Asked Questions
What is a moving home mortgage?
A moving home mortgage is a mortgage taken out when you sell your current property and buy another. It can involve transferring your existing mortgage to your new property (“porting”) or arranging a completely new mortgage deal.
Can I transfer my existing mortgage to a new property?
Yes, many lenders allow you to “port” your mortgage, meaning you transfer the existing deal to your new home. However, not all mortgages are portable, and you will still need to go through affordability and underwriting checks.
Should I get a new mortgage when moving home?
Sometimes taking out a new mortgage is better than porting your existing one, especially if market rates have improved or your financial situation has changed. As independent brokers, we have access to a wide range of mortgage products across the market, including many not available on the high street, and one of our advisers can compare your options to see which is most cost-effective.
What costs should I budget for when moving home?
Along with your mortgage costs, you should budget for estate agent fees, solicitor or conveyancing fees, surveys, moving costs, and potentially stamp duty.
Will I need to go through the full mortgage application process again?
Yes, whether you’re porting or applying for a new mortgage, lenders will still carry out checks on your income, credit history, and affordability to ensure you can manage the repayments.
What is a moving home mortgage?
A moving home mortgage is a mortgage taken out when you sell your current property and buy another. It can involve transferring your existing mortgage to your new property (“porting”) or arranging a completely new mortgage deal.
Can I transfer my existing mortgage to a new property?
Yes, many lenders allow you to “port” your mortgage, meaning you transfer the existing deal to your new home. However, not all mortgages are portable, and you will still need to go through affordability and underwriting checks.
Should I get a new mortgage when moving home?
Sometimes taking out a new mortgage is better than porting your existing one, especially if market rates have improved or your financial situation has changed. As independent brokers, we have access to a wide range of mortgage products across the market, including many not available on the high street, and one of our advisers can compare your options to see which is most cost-effective.
What costs should I budget for when moving home?
Along with your mortgage costs, you should budget for estate agent fees, solicitor or conveyancing fees, surveys, moving costs, and potentially stamp duty.
Will I need to go through the full mortgage application process again?
Yes, whether you’re porting or applying for a new mortgage, lenders will still carry out checks on your income, credit history, and affordability to ensure you can manage the repayments.