Moving Home Mortgages - Fixed and Variable

At a glance

• Here are three moving home mortgage options: 1) Move your current mortgage to your new property – this is known as 'porting' 2) Take out a new mortgage deal with your existing lender to replace your current one 3) Take out a new mortgage deal with a different lender.
• Not all mortgages are portable, so check with your lender if your current deal is and find out what fees are involved in this.
• You may need to pay early repayment charges if you move to a new mortgage deal.
• Just like with your first mortgage, you'll need to go through an application process that will involve affordability and credit checks.