Home Mover Mortgage

If your current Mortgage is portable, you may be able to transfer it to your new property. You can keep your mortgage terms, interest rate, and remaining balance. However, it would be best if you met the lender’s affordability criteria for the new property, and fees may be associated with the process.

When you move home, you can consider remortgaging to a new lender. This involves paying off your existing Mortgage and taking out a new mortgage with a different lender. This may allow you to get a better interest rate, and you can choose a mortgage product that fits your unique financial situation and property.

If you have enough savings or equity, you can consider paying off your existing Mortgage when you move home. This can give you the peace of mind of owning your property outright. Still, it may not be the best financial decision if you have higher interest debts or investments.