GUIDES
Home Movers Mortgages
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Who Are Home Movers Mortgages For?
When are Home Mover Mortgages Used?
The homeowner often uses the proceeds from the sale of their existing property to pay off or reduce the mortgage on the new one. Homemover mortgages come in various forms, including fixed-rate and variable-rate mortgages, and they offer different terms and conditions. The choice of mortgage will depend on the homeowner’s financial situation and preferences. These mortgages are commonly sought when someone is relocating, upsizing, or downsizing to a different property.
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Understanding your equity when moving home
When moving to a new property, your equity plays a major role in shaping your borrowing options. Equity is the difference between your current home’s market value and the remaining balance on your mortgage. As property prices rise or as you pay down your mortgage, your equity increases — giving you more flexibility when purchasing your next home.
Home movers often use this equity as a deposit on their new property, which can lead to better interest rates, lower monthly repayments, and stronger lending terms. A higher deposit reduces the loan-to-value (LTV) ratio, making you a more attractive borrower to lenders. Understanding your equity position early in the moving process helps you plan ahead, assess affordability, and explore the full range of mortgage products available.
Challenges home movers commonly face
Moving home isn’t always straightforward, and many homeowners encounter similar challenges during the process. A common issue is property chains, where the purchase of your new home depends on the sale of your current one. Delays in the chain can impact mortgage approval timelines and completion dates, so choosing a lender who works efficiently is essential.
Another challenge is navigating affordability checks, especially if your income, expenses, or financial commitments have changed since your last mortgage application. Lenders will reassess your finances to ensure your new repayments are manageable. Some movers also face complications if they need to borrow more money than before, particularly when upsizing. Understanding these challenges in advance helps you prepare and ensures a smoother, more confident home-moving experience.
We hope you enjoyed our guide on – Home Movers Mortgages.
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Author: Chris Days - Gomortgage
- 5 Mins
- Updated: Nov 17th 2025
Frequently Asked Questions
Can I transfer my existing mortgage to my new home?
Yes – many mortgages are “portable,” meaning you can transfer your current mortgage product to the new property. However, you may still need to go through affordability checks and meet the lender’s criteria.
How much deposit do I need as a home mover?
Most home movers use the equity from their current home sale as a deposit. Typically, a 5%–20% deposit is required depending on the lender and the property value.
What happens if my new home costs more than my current mortgage?
If the new property is more expensive, you may need to borrow additional funds on top of your ported mortgage or switch to a new mortgage product entirely.
Can I get a home mover mortgage if my income has changed?
Possibly – lenders will reassess your affordability based on your current financial situation. You’ll need to provide updated income documents, bank statements, and credit information.
Is it possible to move home if my property hasn’t sold yet?
Yes – some lenders offer bridging options or temporary solutions to help cover the gap between buying and selling. However, these often come with higher costs and should be carefully considered.
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Speak With A Mortgage Advisor today
Contact our friendly mortgage advice team today. Sound mortgage advice from the experts at GoMortgage.
