Guide: The home movers guide to mortgages

02/04/2025

Whether you’re just exploring your options or already have a property earmarked for your next move, there are some important things to consider when it comes to buying your next home.

The housing market and mortgage landscape may have changed in the years since you bought your last home and though it may be an exciting time, moving house can also come with a unique set of financial considerations.

Interest rates fluctuate, property values rise and fall, and your income and savings have likely changed. These factors all play a crucial role in working out your borrowing power, affordability, and the types of mortgages that may be available to you. Similarly, if you already have a mortgage on your current property, you may be wondering what your options are.

Understanding these dynamics is essential for a smooth and successful move. The more you know, the better you can navigate the homebuying process, make informed decisions, and find an option that works for your individual needs.

This useful guide is perfect if you’re moving home, it covers:

• What happens to your mortgage when you move
• Understanding home equity 
• How the interest rate on your mortgage may change 
• What to consider when choosing a mortgage term
• Assessing your mortgage affordability 
• Additional considerations and costs you may want to weigh up. 

Download your copy here: ‘The home movers guide to mortgages’ to find out what you may want to consider if you’re moving home. 

If you have any questions about the guide or would like to discuss your options when moving home, please get in touch.