Moving Home

A homemover mortgage is a mortgage you get when you're selling your current home and buying a new one.

Here’s how it works in simple terms:

• You already own a home and have a mortgage on it.

• Now you want to move to a new home, so you need a new mortgage for that property.

• You can either:

  • Transfer your current mortgage to the new home (called “porting”), or

  • Apply for a brand-new mortgage with a different deal or lender.

A homemover mortgage is just like a regular mortgage, but it’s specifically for people who are moving house, not buying their first home.

You might be able to borrow more (if your income has gone up), or get a better rate depending on your situation.