Movers

Moving house is a significant financial commitment at any stage of life, and just because you’ve purchased a property before doesn’t make the process any easier or less stressful. Selling your current home adds another step and can complicate things further.

As your circumstances and priorities change, so will your mortgage needs. The mortgage you had for your previous home may not be suitable for your new property, so it’s important to review your options carefully.

Porting Your Mortgage

Many mortgages today are portable, meaning you can transfer, or ‘port’, your existing mortgage to a new home. You will still need to formally apply, but porting can make the move smoother.

If your new home is more expensive and you need to borrow additional funds, your existing lender may offer favourable terms. Porting may also allow your lender to waive early repayment fees if you are on a fixed-rate deal.

The main drawback is that you could end up with two linked mortgages with different fixed-rate end dates, which may require careful planning to manage effectively.

Property Clinic Solutions can help you assess whether porting your mortgage is the best option or if a new mortgage deal would better suit your needs.

Remortgaging Process

Discover how much you can borrow

Start by valuing your current home (we recommend getting at least three estate agent opinions) and speak to our mortgage advisors. We’ll help you understand how much you can realistically afford to borrow for your new home.

List your home for sale

While waiting for your Agreement in Principle, instruct a trusted estate agent to list your property on the market. This helps you start the sale process early and keeps your move on track.

Get your mortgage agreed in principle

Secure an Agreement in Principle to show sellers you are serious and confirm you have passed the first stage of the lender’s credit assessment. This also gives you a clear idea of how much you can borrow, helping you plan your budget and make confident offers on properties that suit your needs.

Source a solicitor early

Don’t wait until you’ve found your new home. Find a solicitor you trust so they can begin legal checks and paperwork as soon as your offer is accepted. We can recommend solicitors if needed.

Start house hunting

With your budget and mortgage position confirmed, you can start viewing properties and focus on finding a home that suits your needs and plans. We can offer guidance on what to look for, help you compare options, and ensure you make informed decisions throughout your property search.

Have your offer accepted

Once your offer is accepted, contact us immediately. We will submit your mortgage application and manage the process with your lender to keep things moving smoothly. Our team will ensure all paperwork is complete, deadlines are met, and any questions are answered promptly, making your move as stress-free as possible.

Wait for the mortgage valuation

Your lender will arrange a valuation to confirm the property is worth the agreed price. This protects both you and the lender and ensures your mortgage is based on accurate information.

Receive your mortgage offer

Once the valuation and checks are complete, your lender will issue a formal mortgage offer, confirming your application has been approved. This document outlines the mortgage terms, interest rate, and any conditions, giving you full clarity and confidence as you move towards completion and prepare to take ownership of your new home.

Arrange your insurance

Buildings insurance is required before completion. We also advise on contents insurance and other protection to safeguard your home, income, and family. Having the right cover in place ensures you are financially protected from day one, giving you peace of mind and security as you move into your new home.

Exchange contracts

Your solicitor exchanges contracts with the vendor’s solicitor, and a completion date is legally agreed. Your deposit is secured, and all parties are committed to the move. At this stage, the purchase is legally binding, giving you certainty and allowing you to finalise your arrangements for moving day with confidence.

Completion and moving in

On completion day, funds are transferred, you receive your keys, and you officially become a homeowner. Congratulations on your new home! This is the moment all your planning and hard work pays off, and you can start settling in, making the space your own, and enjoying your new chapter with confidence and peace of mind.

Your home may be repossessed if you do not keep up repayments on your mortgage.

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Address : 1 Mychell House, Pincott Road, London, SW19 2NN
Email : info@propertyclinicsolutions.com
Phone : 0333 404 0589

Property Clinic Solutions Limited is authorised and regulated by the Financial Conduct Authority (FCA). Our Financial Services Register number is 1040229. You can check this on the FCA’s website: www.fca.org.ukProperty Clinic Solutions Limited is a company registered in England and Wales, registration number 15630130, with its registered office at 1 Mychell House, Pincott Road, London, SW19 2NN.

Your home may be repossessed if you do not keep up repayments on your mortgage.
For our mortgage advice services, we may charge a fee ranging from £0 to £499, depending on the type of application. The exact amount will be confirmed at the earliest possible opportunity.