Moving Home Mortgages

Moving home rates are very similar to first time buyer rates with most available between 4.39% and 6.77% with varying product fees and LTV percentages. There are currently 212 products available from 9 lenders

Moving Home Mortgages

Moving home rates are very similar to first time buyer rates with most available between 4.39% and 6.77% with varying product fees and LTV percentages. There are currently 212 products available from 9 lenders.   

Check back weekly or favourite this page to keep an eye on the ever-changing rates. The table below is updated as of June 11, 2024 and rates are subject to change.

Moving home mortgage rates – 2-year term

COMPANY TYPE TERM INITIAL RATE THE OVERALL COST FOR COMPARISON IS PRODUCT FEE LOAN TO VALUE (LTV)
COVENTRY BS Moving Home Fixed Rate 2 years 4.97% 7.2 APRC £999.00 65%
COVENTRY BS Moving Home Fixed Rate 2 years 5.01% 7.2 APRC £999.00 75%
COVENTRY BS Moving Home Fixed Rate 2 years 5.27% 7.2 APRC £999.00 80%
COVENTRY BS Moving Home Fixed Rate 2 years 5.54% 7.3 APRC £999.00 85%
COVENTRY BS Moving Home Fixed Rate 2 years 5.64% 7.3 APRC £999.00 90%
COVENTRY BS Moving Home Fixed Rate 2 years 5.99% 7.4 APRC £999.00 95%
COVENTRY BS Moving Home Fixed Rate Offset 2 years 5.56% 7.3 APRC £999.00 75%
COVENTRY BS Moving Home Fixed Rate 2 years 5.27% 7.2 APRC £0.00 65%
COVENTRY BS Moving Home Fixed Rate 2 years 5.34% 7.2 APRC £0.00 75%
COVENTRY BS Moving Home Fixed Rate 2 years 5.48% 7.2 APRC £0.00 80%
COVENTRY BS Moving Home Fixed Rate 2 years 5.77% 7.3 APRC £0.00 85%
COVENTRY BS Moving Home Fixed Rate 2 years 5.91% 7.3 APRC £0.00 90%
COVENTRY BS Moving Home Fixed Rate 2 years 6.13% 7.4 APRC £0.00 95%
HSBC Moving Home Fixed Fee Saver 2 years 5.11% 6.8 APRC £0.00 60%
HSBC Moving Home Fixed Standard 2 years 4.86% 6.9 APRC £999.00 60%
HSBC Moving Home Tracker Standard 2 years 5.44% 7.0 APRC £999.00 60%
HSBC Moving Home Fixed Fee Saver 2 years 5.24% 6.9 APRC £0.00 70%
HSBC Moving Home Fixed Standard 2 years 4.98% 6.9 APRC £999.00 70%
HSBC Moving Home Tracker Standard 2 years 5.54% 7.0 APRC £999.00 70%
HSBC Moving Home Fixed Fee Saver 2 years 5.24% 6.9 APRC £0.00 75%
HSBC Moving Home Fixed Standard 2 years 4.98% 6.9 APRC £999.00 75%
HSBC Moving Home Tracker Standard 2 years 5.54% 7.0 APRC £999.00 75%
HSBC Moving Home Fixed Fee Saver 2 years 5.54% 6.9 APRC £0.00 80%
HSBC Moving Home Fixed Standard 2 years 5.17% 6.9 APRC £999.00 80%
HSBC Moving Home Tracker Standard 2 years 5.64% 7.0 APRC £999.00 80%
HSBC Moving Home Fixed Fee Saver 2 years 5.54% 6.9 APRC £0.00 85%
HSBC Moving Home Fixed Standard 2 years 5.21% 6.9 APRC £999.00 85%
HSBC Moving Home Tracker Standard 2 years 5.79% 7.0 APRC £999.00 85%
HSBC Moving Home Fixed Fee Saver 2 years 5.79% 7.0 APRC £0.00 90%
HSBC Moving Home Fixed Standard 2 years 5.49% 7.0 APRC £999.00 90%
HSBC Moving Home Tracker Standard 2 years 6.14% 7.1 APRC £999.00 90%
HSBC Moving Home Fixed Fee Saver 2 years 6.05% 7.0 APRC £0.00 95%
LLOYDS BANK Club Lloyds Moving Home Fixed Rate 2 years 5.09% undefined £0.00 60%-75%
LLOYDS BANK Non-Club Lloyds Moving Home Fixed Rate 2 years 5.29% undefined £0.00 60%-75%
LLOYDS BANK Club Lloyds Moving Home Tracker 2 years 5.58% undefined £999.00 60%-75%
LLOYDS BANK Non-Club Lloyds Moving Home Tracker 2 years 5.78% undefined £999.00 60%-75%
NATIONWIDE BS Moving Home Fixed Rate 2 years 4.89% 7.7 APRC £999.00 75%
NATIONWIDE BS Moving Home Fixed Rate 2 years 5.09% 7.7 APRC £0.00 75%
NATIONWIDE BS Moving Home Tracker 2 years 5.44% 7.8 APRC £999.00 75%
NATIONWIDE BS Moving Home Tracker 2 years 5.99% 7.9 APRC £0.00 75%
NATWEST BANK PLC Moving Home Tracker 2 years 5.94% 8.24% £995.00 75%
NATWEST BANK PLC Moving Home Tracker 2 years 5.94% 8.24% £995.00 80%
NATWEST BANK PLC Moving Home Tracker 2 years 6.18% 8.24% £0.00 75%
NATWEST BANK PLC Moving Home Tracker 2 years 6.29% 8.24% £0.00 80%
NATWEST BANK PLC Moving Home Fixed Rate Online Only 2 years 4.97% 8.24% £1495.00 75%
NATWEST BANK PLC Moving Home Fixed Rate Green Mortgage 2 years 4.97% 8.24% £995.00 75%
NATWEST BANK PLC Moving Home Fixed Rate 2 years 5.02% 8.24% £995.00 75%
NATWEST BANK PLC Moving Home Fixed Rate 2 years 5.17% 8.24% £995.00 80%
NATWEST BANK PLC Moving Home Fixed Rate Shared Equity Exclusive Cashback 2 years 5.17% 8.24% £995.00 75%
NATWEST BANK PLC Moving Home Fixed Rate Online Only 2 years 5.02% 8.24% £1495.00 80%
NATWEST BANK PLC Moving Home Fixed Rate 2 years 5.22% 8.24% £0.00 75%
NATWEST BANK PLC Moving Home Fixed Rate Shared Equity Exclusive 2 years 5.37% 8.24% £0.00 75%
NATWEST BANK PLC Moving Home Fixed Rate 2 years 5.48% 8.24% £0.00 80%
SANTANDER UK PLC. Moving Home Fixed Rate 2 years 4.88% 7.2 APRC £999.00 75%
SANTANDER UK PLC. Moving Home Fixed Rate 2 years 5.18% 7.3 APRC £999.00 85%
SANTANDER UK PLC. Moving Home Fixed Rate 2 years 5.08% 7.2 APRC £0.00 75%
SANTANDER UK PLC. Moving Home Fixed Rate 2 years 5.46% 7.4 APRC £0.00 85%
SANTANDER UK PLC. Moving Home Fixed Rate 2 years 5.62% 7.4 APRC £999.00 90%
SANTANDER UK PLC. Moving Home Fixed Rate 2 years 5.91% 7.5 APRC £0.00 90%
SANTANDER UK PLC. Moving Home Fixed Rate 2 years 6.12% 7.6 APRC £0.00 95%
SANTANDER UK PLC. Moving Home Tracker 2 years 5.84% 7.4 APRC £999.00 75%
SANTANDER UK PLC. Moving Home Tracker 2 years 6.77% 7.6 APRC £0.00 90%
TSB Moving Home Fixed Rate 2 years 4.84% 8.4 APRC £995.00 60%
TSB Moving Home Fixed Rate 2 years 5.24% 8.4 APRC £0.00 60%
TSB Moving Home Tracker Rate 2 years 5.84% 8.6 APRC £995.00 60%
TSB Moving Home Fixed Rate 2 years 4.89% 8.4 APRC £995.00 60% to 75%
TSB Moving Home Fixed Rate 2 years 5.29% 8.4 APRC £0.00 60% to 75%
TSB Moving Home Tracker Rate 2 years 5.89% 8.6 APRC £995.00 60% to 75%
TSB Moving Home Fixed Rate 2 years 5.19% 8.4 APRC £995.00 75% to 80%
TSB Moving Home Fixed Rate 2 years 5.59% 8.4 APRC £0.00 75% to 80%
TSB Moving Home Tracker Rate 2 years 6.04% 8.6 APRC £995.00 75% to 80%
TSB Moving Home Fixed Rate 2 years 5.24% 8.4 APRC £995.00 80% to 85%
TSB Moving Home Fixed Rate 2 years 5.64% 8.4 APRC £0.00 80% to 85%
TSB Moving Home Tracker Rate 2 years 6.04% 8.6 APRC £995.00 80% to 85%
TSB Moving Home Fixed Rate 2 years 5.64% 8.5 APRC £995.00 85% to 90%
TSB Moving Home Fixed Rate 2 years 5.79% 8.5 APRC £0.00 85% to 90%
TSB Moving Home Fixed Rate 2 years 6.04% 8.5 APRC £0.00 90% to 95%
VIRGIN MONEY Moving Home Everyday Freedom to Fix Tracker 2 years 5.67% 8.9 APRC £995.00  
VIRGIN MONEY Moving Home Greener NewBuild Fixed Cashback Everyday 2 years 5.14% 8.8 APRC £995.00  
VIRGIN MONEY Moving Home Everyday Fixed Cashback 2 years 5.19% 8.8 APRC £995.00  
VIRGIN MONEY Moving Home Everyday Fixed 2 years 5.39% 8.8 APRC £0.00  
YORKSHIRE BS Moving Home Fixed Rate 2 years 4.99% 7.49 APRC £1495.00 75%
YORKSHIRE BS Moving Home Fixed Rate Cashback 2 years 5.24% 7.54 APRC £495.00 75%
YORKSHIRE BS Moving Home Fixed Rate 2 years 5.34% 7.56 APRC £0.00 75%
YORKSHIRE BS Moving Home Fixed Rate Offset 2 years 5.64% 7.63 APRC £0.00 75%
YORKSHIRE BS Moving Home Tracker 2 years 5.69% 7.64 APRC £995.00 75%
YORKSHIRE BS Moving Home Fixed Rate Cashback 2 years 5.34% 7.56 APRC £0.00 75%
YORKSHIRE BS Moving Home Fixed Rate Offset 2 years 5.29% 7.55 APRC £1495.00 75%

 

Moving home mortgage rates – 3-year term

COMPANY TYPE TERM INITIAL RATE THE OVERALL COST FOR COMPARISON IS PRODUCT FEE LOAN TO VALUE (LTV)
COVENTRY BS Moving Home Fixed Rate 3 years 4.92% 6.9 APRC £999.00 65%
COVENTRY BS Moving Home Fixed Rate 3 years 4.96% 6.9 APRC £999.00 75%
COVENTRY BS Moving Home Fixed Rate 3 years 5.22% 7.0 APRC £999.00 80%
COVENTRY BS Moving Home Fixed Rate 3 years 5.41% 7.1 APRC £999.00 85%
COVENTRY BS Moving Home Fixed Rate 3 years 5.49% 7.1 APRC £999.00 90%
COVENTRY BS Moving Home Fixed Rate 3 years 5.90% 7.2 APRC £999.00 95%
COVENTRY BS Moving Home Fixed Rate 3 years 5.22% 7.0 APRC £0.00 65%
COVENTRY BS Moving Home Fixed Rate 3 years 5.29% 7.0 APRC £0.00 75%
COVENTRY BS Moving Home Fixed Rate 3 years 5.43% 7.0 APRC £0.00 80%
COVENTRY BS Moving Home Fixed Rate 3 years 5.62% 7.1 APRC £0.00 85%
COVENTRY BS Moving Home Fixed Rate 3 years 5.73% 7.1 APRC £0.00 90%
COVENTRY BS Moving Home Fixed Rate 3 years 6.04% 7.2 APRC £0.00 95%
HSBC Moving Home Fixed Fee Saver 3 years 4.99% 6.6 APRC £0.00 60%
HSBC Moving Home Fixed Standard 3 years 4.73% 6.6 APRC £999.00 60%
HSBC Moving Home Fixed Fee Saver 3 years 5.11% 6.7 APRC £0.00 70%
HSBC Moving Home Fixed Standard 3 years 4.83% 6.6 APRC £999.00 70%
HSBC Moving Home Fixed Fee Saver 3 years 5.11% 6.7 APRC £0.00 75%
HSBC Moving Home Fixed Standard 3 years 4.83% 6.6 APRC £999.00 75%
HSBC Moving Home Fixed Fee Saver 3 years 5.37% 6.7 APRC £0.00 80%
HSBC Moving Home Fixed Standard 3 years 5.06% 6.7 APRC £999.00 80%
HSBC Moving Home Fixed Fee Saver 3 years 5.37% 6.7 APRC £0.00 85%
HSBC Moving Home Fixed Standard 3 years 5.06% 6.7 APRC £999.00 85%
HSBC Moving Home Fixed Fee Saver 3 years 5.62% 6.8 APRC £0.00 90%
HSBC Moving Home Fixed Standard 3 years 5.31% 6.8 APRC £999.00 90%
HSBC Moving Home Fixed Fee Saver 3 years 5.88% 6.9 APRC £0.00 95%
NATIONWIDE BS Moving Home Fixed Rate 3 years 4.79% 7.4 APRC £999.00 75%
NATIONWIDE BS Moving Home Fixed Rate 3 years 4.99% 7.4 APRC £0.00 75%
SANTANDER UK PLC. Moving Home Fixed Rate New Build Exclusive 3 years 4.78% 7.0 APRC £999.00 75%
SANTANDER UK PLC. Moving Home Fixed Rate 3 years 4.78% 7.0 APRC £999.00 75%
SANTANDER UK PLC. Moving Home Fixed Rate New Build Exclusive 3 years 5.21% 7.1 APRC £999.00 85%
SANTANDER UK PLC. Moving Home Fixed Rate New Build Exclusive 3 years 5.06% 6.9 APRC £0.00 75%
SANTANDER UK PLC. Moving Home Fixed Rate 3 years 5.06% 6.9 APRC £0.00 75%
SANTANDER UK PLC. Moving Home Fixed Rate New Build Exclusive 3 years 5.41% 7.1 APRC £0.00 85%
SANTANDER UK PLC. Moving Home Fixed Rate New Build Exclusive 3 years 5.55% 7.2 APRC £999.00 90%
SANTANDER UK PLC. Moving Home Fixed Rate New Build Exclusive 3 years 5.87% 7.3 APRC £0.00 90%
SANTANDER UK PLC. Moving Home Fixed Rate New Build Exclusive Cashback 3 years 6.01% 7.4 APRC £0.00 95%
TSB Moving Home Fixed Rate 3 years 4.69% 8.0 APRC £995.00 60%
TSB Moving Home Fixed Rate 3 years 4.79% 8.0 APRC £995.00 60% to 75%
TSB Moving Home Fixed Rate 3 years 4.89% 8.0 APRC £995.00 75% to 80%
TSB Moving Home Fixed Rate 3 years 4.99% 8.1 APRC £995.00 80% to 85%
TSB Moving Home Fixed Rate 3 years 5.29% 8.1 APRC £995.00 85% to 90%
TSB Moving Home Fixed Rate 3 years 5.69% 8.3 APRC £995.00 90% to 95%
YORKSHIRE BS Moving Home Fixed Rate 3 years 4.79% 7.24 APRC £1495.00 75%
YORKSHIRE BS Moving Home Fixed Rate 3 years 5.19% 7.36 APRC £0.00 75%

 

Moving home mortgage rates – 5-year term

COMPANY TYPE TERM INITIAL RATE THE OVERALL COST FOR COMPARISON IS PRODUCT FEE LOAN TO VALUE (LTV)
COVENTRY BS Moving Home Fixed Rate 5 years 4.53% 6.3 APRC £999.00 65%
COVENTRY BS Moving Home Fixed Rate 5 years 4.66% 6.4 APRC £999.00 75%
COVENTRY BS Moving Home Fixed Rate 5 years 4.80% 6.5 APRC £999.00 80%
COVENTRY BS Moving Home Fixed Rate 5 years 5.10% 6.6 APRC £999.00 85%
COVENTRY BS Moving Home Fixed Rate 5 years 5.24% 6.7 APRC £999.00 90%
COVENTRY BS Moving Home Fixed Rate 5 years 5.55% 6.8 APRC £999.00 95%
COVENTRY BS Moving Home Fixed Rate Offset 5 years 5.22% 6.7 APRC £999.00 75%
COVENTRY BS Moving Home Fixed Rate 5 years 4.75% 6.4 APRC £0.00 65%
COVENTRY BS Moving Home Fixed Rate 5 years 4.84% 6.4 APRC £0.00 75%
COVENTRY BS Moving Home Fixed Rate 5 years 4.96% 6.5 APRC £0.00 80%
COVENTRY BS Moving Home Fixed Rate 5 years 5.15% 6.6 APRC £0.00 85%
COVENTRY BS Moving Home Fixed Rate 5 years 5.29% 6.6 APRC £0.00 90%
COVENTRY BS Moving Home Fixed Rate 5 years 5.60% 6.8 APRC £0.00 95%
HSBC Moving Home Fixed Fee Saver 5 years 4.70% 6.2 APRC £0.00 60%
HSBC Moving Home Fixed Standard 5 years 4.48% 6.2 APRC £999.00 60%
HSBC Moving Home Fixed Premier Standard 5 years 4.45% 6.2 APRC £1499.00 60%
HSBC Moving Home Fixed Fee Saver 5 years 4.77% 6.2 APRC £0.00 70%
HSBC Moving Home Fixed Standard 5 years 4.56% 6.2 APRC £999.00 70%
HSBC Moving Home Fixed Premier Standard 5 years 4.53% 6.2 APRC £1499.00 70%
HSBC Moving Home Fixed Fee Saver 5 years 4.77% 6.2 APRC £0.00 75%
HSBC Moving Home Fixed Standard 5 years 4.56% 6.2 APRC £999.00 75%
HSBC Moving Home Fixed Premier Standard 5 years 4.53% 6.2 APRC £1499.00 75%
HSBC Moving Home Fixed Fee Saver 5 years 5.00% 6.3 APRC £0.00 80%
HSBC Moving Home Fixed Standard 5 years 4.76% 6.3 APRC £999.00 80%
HSBC Moving Home Fixed Premier Standard 5 years 4.73% 6.3 APRC £1499.00 80%
HSBC Moving Home Fixed Fee Saver 5 years 5.00% 6.3 APRC £0.00 85%
HSBC Moving Home Fixed Standard 5 years 4.76% 6.3 APRC £999.00 85%
HSBC Moving Home Fixed Premier Standard 5 years 4.73% 6.3 APRC £1499.00 85%
HSBC Moving Home Fixed Fee Saver 5 years 5.11% 6.4 APRC £0.00 90%
HSBC Moving Home Fixed Standard 5 years 4.93% 6.4 APRC £999.00 90%
HSBC Moving Home Fixed Premier Standard 5 years 4.90% 6.4 APRC £1499.00 90%
HSBC Moving Home Fixed Fee Saver 5 years 5.47% 6.5 APRC £0.00 95%
LLOYDS BANK Club Lloyds Moving Home Fixed Rate 5 years 4.65% undefined £0.00 60%-75%
LLOYDS BANK Non-Club Lloyds Moving Home Fixed Rate 5 years 4.85% undefined £0.00 60%-75%
NATIONWIDE BS Moving Home Fixed Rate 5 years 4.55% 6.8 APRC £999.00 75%
NATIONWIDE BS Moving Home Fixed Rate 5 years 4.74% 6.8 APRC £0.00 75%
NATWEST BANK PLC Moving Home Fixed Rate Online Only 5 years 4.57% 8.24% £1495.00 75%
NATWEST BANK PLC Moving Home Fixed Rate Green Mortgage 5 years 4.57% 8.24% £995.00 75%
NATWEST BANK PLC Moving Home Fixed Rate 5 years 4.62% 8.24% £995.00 75%
NATWEST BANK PLC Moving Home Fixed Rate Online Only 5 years 4.68% 8.24% £1495.00 80%
NATWEST BANK PLC Moving Home Fixed Rate 5 years 4.77% 8.24% £0.00 75%
NATWEST BANK PLC Moving Home Fixed Rate Shared Equity Exclusive Cashback 5 years 4.77% 8.24% £995.00 75%
NATWEST BANK PLC Moving Home Fixed Rate 5 years 4.73% 8.24% £995.00 80%
NATWEST BANK PLC Moving Home Fixed Rate Shared Equity Exclusive 5 years 4.92% 8.24% £0.00 75%
NATWEST BANK PLC Moving Home Fixed Rate 5 years 4.87% 8.24% £0.00 80%
SANTANDER UK PLC. Moving Home Fixed Rate 5 years 4.58% 6.5 APRC £999.00 75%
SANTANDER UK PLC. Moving Home Fixed Rate 5 years 4.68% 6.4 APRC £0.00 75%
SANTANDER UK PLC. Moving Home Fixed Rate 5 years 4.80% 6.6 APRC £999.00 85%
SANTANDER UK PLC. Moving Home Fixed Rate 5 years 5.01% 6.7 APRC £0.00 85%
SANTANDER UK PLC. Moving Home Fixed Rate 5 years 5.20% 6.8 APRC £999.00 90%
SANTANDER UK PLC. Moving Home Fixed Rate 5 years 5.31% 6.8 APRC £0.00 90%
SANTANDER UK PLC. Moving Home Fixed Rate 5 years 5.61% 7.0 APRC £0.00 95%
TSB Moving Home Fixed Rate 5 years 4.39% 7.2 APRC £995.00 60%
TSB Moving Home Fixed Rate 5 years 4.59% 7.3 APRC £0.00 60%
TSB Moving Home Fixed Rate 5 years 4.54% 7.3 APRC £995.00 60% to 75%
TSB Moving Home Fixed Rate 5 years 4.74% 7.3 APRC £0.00 60% to 75%
TSB Moving Home Fixed Rate 5 years 4.79% 7.4 APRC £995.00 75% to 80%
TSB Moving Home Fixed Rate 5 years 4.99% 7.4 APRC £0.00 75% to 80%
TSB Moving Home Fixed Rate 5 years 4.79% 7.4 APRC £995.00 80% to 85%
TSB Moving Home Fixed Rate 5 years 4.99% 7.4 APRC £0.00 80% to 85%
TSB Moving Home Fixed Rate 5 years 5.19% 7.6 APRC £995.00 85% to 90%
TSB Moving Home Fixed Rate 5 years 5.24% 7.5 APRC £0.00 85% to 90%
TSB Moving Home Fixed Rate 5 years 5.44% 7.6 APRC £0.00 90% to 95%
VIRGIN MONEY Moving Home Everyday Fixed Cashback CA Rewards 5 years 5.00% 7.6 APRC £0.00  
VIRGIN MONEY Moving Home Greener NewBuild Fixed Cashback Everyday 5 years 4.64% 7.5 APRC £995.00  
VIRGIN MONEY Moving Home Everyday Fixed Cashback 5 years 4.69% 7.5 APRC £995.00  
VIRGIN MONEY Moving Home Everyday Fixed 5 years 4.89% 7.6 APRC £0.00  
YORKSHIRE BS Moving Home Fixed Rate 5 years 4.69% 6.84 APRC £1495.00 75%
YORKSHIRE BS Moving Home Fixed Rate Cashback 5 years 4.79% 6.89 APRC £495.00 75%
YORKSHIRE BS Moving Home Fixed Rate 5 years 4.84% 6.91 APRC £0.00 75%
YORKSHIRE BS Moving Home Fixed Rate Offset 5 years 5.14% 7.05 APRC £0.00 75%
YORKSHIRE BS Moving Home Fixed Rate Cashback 5 years 4.84% 6.91 APRC £0.00 75%
YORKSHIRE BS Moving Home Fixed Rate Offset 5 years 4.99% 6.98 APRC £1495.00 75%

 

Moving home mortgage rates – 10-year term

COMPANY TYPE TERM INITIAL RATE THE OVERALL COST FOR COMPARISON IS PRODUCT FEE LOAN TO VALUE (LTV)
LLOYDS BANK Club Lloyds Moving Home Fixed Rate 10 years 4.85% undefined £999.00 60%-75%
LLOYDS BANK Club Lloyds Moving Home Fixed Rate 10 years 4.94% undefined £0.00 60%-75%
NATIONWIDE BS Moving Home Fixed Rate 10 years 4.83% 6.1 APRC £999.00 75%
NATIONWIDE BS Moving Home Fixed Rate 10 years 4.94% 6.1 APRC £0.00 75%
VIRGIN MONEY Moving Home Everyday Fixed 10 years 4.89% 6.4 APRC £995.00  
YORKSHIRE BS Moving Home Fixed Rate 10 years 5.39% 6.33 APRC £0.00 75%
YORKSHIRE BS Moving Home Fixed Rate Cashback 10 years 5.34% 6.29 APRC £1495.00 75%

 

Moving home mortgage rates FAQs

Can I just move my mortgage to another house? 

Porting your mortgage can usually only be done if you are not looking to borrow additional funds for the purchase of your new property. Porting your mortgage and moving it from one property to another, using a moving home mortgage, is possible and can sometimes be more cost effective than taking out a new mortgage. Porting involves transferring the current rate, terms and conditions and whilst possible, not all mortgage products are transferrable and so the terms and conditions of your current deal should be looked into in the first instance.  

If your current mortgage deal is not able to be transferred, you may also be subject to an early repayment charge which is worth considering as this can be quite high on top of the additional costs that moving house incurs.  

If your mortgage deal can be ported it is worth bearing in mind that this is not always straightforward, and your lender will consider your circumstances in the same way as if you are applying for a new mortgage. Provided that your financial circumstances have not changed negatively then the process should be an easy one. Whether looking to port or change mortgages you should ensure that your credit score doesn’t contain any issues and that your finances are in order.  

Porting your mortgage is worth doing if your current deal has a very competitive rate and/or you still have a considerable length of time on your current deal. It is worth speaking to a broker regarding porting your mortgage in order to consider whether it is better to stay with your current deal or move to a new mortgage as different circumstances will dictate which option is best.  

Do you need a solicitor to move mortgage?  

You need a solicitor in order to move home if you are taking out a new mortgage as the mortgage funds are paid via the solicitor. If you are porting your mortgage you may not need a solicitor for that part of the moving process, however a solicitor will still be required for the legal parts of a property sale and purchase such as the Stamp Duty, land registry and deed transfer.  

Conveyancing solicitors are required when selling and purchasing property in order to ensure that you know exactly what you are buying or selling in terms of land issues, boundaries, restrictions, covenants etc. The solicitor of each property will deal with each other directly to ask and answer any queries that may be raised.  

Solicitors will also conduct searches for your prospective property and its locality in order to confirm any issues that may arise in the future such as flooding risks and ground contamination.  

Solicitors conduct the exchange of contracts for a house purchase at which point the contract of sale becomes legally binding. The solicitors then also organise the completion of the sale and transfer the funds between seller and buyer and/or mortgage lenders.  

How hard is it to transfer a mortgage? 

Porting a mortgage when moving home is not always possible and may not be a simple process. Affordability rules, lender’s terms and conditions and individual circumstances will determine whether you are able to port your current mortgage to a new property.  

If your mortgage deal can be ported it is worth bearing in mind that this is not always straightforward, and your lender will consider your circumstances in the same way as if you are applying for a new mortgage. Provided that your financial circumstances have not changed negatively then the process should be an easy one. Whether looking to port or change mortgages you should ensure that your credit score doesn’t contain any issues and that your finances are in order.  

Porting your mortgage is worth doing if your current deal has a very competitive rate and/or you still have a considerable length of time on your current deal. It is worth speaking to a broker regarding porting your mortgage in order to consider whether it is better to stay with your current deal or move to a new mortgage as different circumstances will dictate which option is best. 

Porting your mortgage can usually only be done if you are not looking to borrow additional funds for the purchase of your new property. Porting your mortgage and moving it from one property to another is possible and can sometimes be more cost effective than taking out a new mortgage. Porting involves transferring the current rate, terms and conditions and whilst possible, not all mortgage products are transferrable and so the terms and conditions of your current deal should be looked into in the first instance.  

If your current mortgage deal is not able to be transferred, you may also be subject to an early repayment charge which is worth considering as this can be quite high on top of the additional costs that moving house incurs. 

Can you buy a property before selling yours?

If you can afford to buy a property in addition to your current one, then it is of course possible. If you need to sell your property prior to purchase, some estate agents do not allow you to put an offer on another property without at least an offer being in place on your current home.  

There are benefits and drawbacks to each option:  

  • by buying before selling you need to be able to ensure you can afford it, but if you can then it will take away the pressure of having to find another property because you have accepted an offer on your current property;  

  • however, you will also have to consider additional Stamp Duty and Capital Gains Tax that will be incurred for owning two properties at once, even if for just a short time.  

  • Selling before buying will mean that you know how much you have to spend on your next property and allows you to budget accordingly, however possibly having to rent or seek out alternative accommodation in the interim between selling and buying could incur additional costs that hadn’t previously been considered.  

Another way to buy a new property prior to selling your current home is with a bridging loan. A bridging loan is a short-term, interest only loan that is designed to “bridge the gap” between a debt and money due to come in. Bridging loans can be quicker to arrange and have more flexible terms than a mortgage, however they often have high rates compared to other loans. Bridging loans can usually only be arranged through a specialist lender.