Moving Home Mortgages
If you’ve got your eye on moving home, speak to one of our lovely mortgage brokers across Dorset and Hampshire. Delta Mortgages have dedicated mortgage advisers who are are here to help—experienced, no-obligation advice
Explore thousands of remortgage rates
Access to all over 14,000 mortgage products
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Zero impact on your credit score
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You Focus on Moving Home, We’ll Sort the Mortgage
Moving home should be exciting—not overshadowed by mortgage stress. Whether you’re upsizing, downsizing, or relocating, our mortgage brokers at Delta Mortgages will make the process simple, stress-free, and tailored to you.
As a genuinely independent mortgage broker, we search the whole market—yep, that’s over 14,000 mortgage products—to find the best mortgage rates for your move. Whether you need to port your mortgage, switch lenders, or secure a brand-new deal, we’ll handle the heavy lifting so you can focus on the fun part.
Our experienced mortgage advisers in Dorset and Hampshire are here to help (hello 👋🏼). We’ll compare mortgage rates, explore costs, and provide tailored mortgage advice—so you don’t have to spend hours scrolling through comparison sites. Or, if you’d rather skip the reading, let’s chat—our brokers are just a call away.
In 2021-22, the top reasons younger homeowners (16-54) moved:
32%
Moving to a larger property
37%
Buying their first home
21%
Finding a better neighbourhood
Moving Home Mortgage Advice
Moving home should be an exciting chapter, but let’s be honest—sorting your mortgage can sometimes take the shine off it. Whether you’re upsizing, downsizing, relocating for work, or finally bagging that dream home, securing the right mortgage is key to making it all run smoothly.
At Delta Mortgages, we search the whole market—over 14,000 mortgage products—to find the best mortgage rates that fit your circumstances. Our lovely mortgage brokers work with buyers across Dorset and Hampshire, helping to simplify the process so you can focus on what matters—finding the perfect home.
We can help with:
Even if you’ve been through the mortgage process before, moving home comes with new challenges—timing your sale and purchase, balancing finances, and securing the right deal at the right time. That’s why we don’t just find you a mortgage—we support you every step of the way.
If you want to get clued up before your move, keep reading for key mortgage options, experienced mortgage advice, and moving home tips. Or, if you’d rather speak to a mortgage broker, we’re just a call or a click away.
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Three Simple Steps to Securing Your Moving Home Mortgage
Your mortgage is tied to your current home, so when you sell, the proceeds usually go straight towards paying off your existing loan. When you move, you’ll either:
Port your mortgage – Transfer your existing deal to your new property (if your lender allows it).
Take out a new mortgage – Pay off your current mortgage and arrange a new one for your next home.
Sorting your mortgage before you move ensures a smooth transition—no last-minute surprises. Whether you’re porting, switching lenders, or looking for a better rate, our mortgage brokers will help you get the right deal in place before the big move.
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Get Your Mortgage Agreement in Principle
Once we’ve found the right mortgage, we’ll secure your Agreement in Principle (AIP)—so you know exactly what you can borrow before making an offer. That way, when you find your perfect home, you can move forward with confidence (and beat other buyers to the punch!).
At Delta Mortgages, we make moving home mortgages stress-free. Whether you're navigating the property chain, need advice on porting, or want to secure the best mortgage rates, we’re here to make it simple—so you can get on with the important things (like figuring out where the sofa’s going).
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We’ll Search the Market for the Best Mortgage Deal
With access to over 14,000 mortgage products, we’ll compare the latest moving home mortgage rates—including deals that aren’t available on the high street. If porting your mortgage makes sense, we’ll help with that too. And if there’s a better deal elsewhere? We’ll make the switch easy.
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Speak to a Moving Home Mortgage Adviser
Start with a free initial, no-obligation chat with one of our experienced mortgage brokers. Whether you're upsizing, downsizing, or relocating for work, we’ll break down your options, explain the best mortgage rates, and handle the mortgage legwork—without drowning you in jargon.
Find Moving Home Mortgage Lenders
Access the most competitive mortgage rates for moving home today—tailored to your income and circumstances.
Speak with Delta Mortgages today. With access to 100+ lenders and over 14,000 mortgage products, we’ll take the time to understand your unique situation and match you with the best possible mortgage deal. Already have a mortgage in principle? No problem—it’s always worth comparing to ensure you're getting the best rate.
The Homebuyer’s Complete Guide to Mortgages and Remortgages
Whether you're buying a new home, moving up the property ladder, or remortgaging for a better deal, getting the right mortgage can make all the difference. At Delta Mortgages, we handle everything from new house purchases to remortgages—ensuring you get the best mortgage for your move.
While the mortgage process can often seem straightforward, expert mortgage advice can save you time, money, and potential headaches. With access to over 14,000 mortgage products, our independent mortgage brokers in Dorset and Hampshire will find you a deal that fits your circumstances—so you can move with confidence.
Thinking of Buying a Home or Moving House?
Whether you’re taking that first big step onto the property ladder or moving to your next home, securing the right mortgage is crucial. And let’s be honest—between house viewings, legal paperwork, and organising moving boxes, the last thing you need is mortgage stress.
At Delta Mortgages, we take the hassle out of homebuying by matching you with the best mortgage deals available. Here’s how we can help:
Buying a home is a big deal—so why do it alone? Our mortgage brokers will handle the heavy lifting, ensuring you secure the right mortgage at the right rate.
How Much Money Should You Have to Buy a House?
If only there were a magic number—but as you might have guessed, it depends. For most buyers, purchasing a home involves a combination of savings, a mortgage, and upfront costs like legal fees and surveys.
The key factor is your deposit. Most lenders require at least 5% of the property value, but the more you can put down, the better the mortgage rates you’ll have access to.
Here’s a rough guide to how your deposit affects mortgage options:
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5% deposit (95% mortgage) – Minimum required, but fewer lenders and higher interest rates.
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10-15% deposit (85-90% mortgage) – Opens up more mortgage deals with better rates.
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20%+ deposit (80% mortgage or lower) – Access to the most competitive mortgage rates.
Your borrowing potential is also determined by your income, expenses, and credit history, as well as the type of home you’re buying. Prices can vary dramatically based on location, property type, and demand—a two-bedroom flat in a prime Dorset seaside town will cost more than a similar-sized home in a quieter Hampshire village.
It’s not just about the deposit either—factor in Stamp Duty (if applicable), solicitor fees, surveys, mortgage arrangement costs, and moving expenses. We go into more detail on other expenses later on (because we love being helpful).
The bottom line is before house hunting, it’s smart to work out your budget and get a mortgage in principle to see what lenders might offer you.
Our mortgage advisers in Dorset and Hampshire can help crunch the numbers and find the best mortgage options for your budget.
What Mortgage Can I Afford?
When buying a home, knowing what you can afford is the first step—and it’s about more than just your salary. Lenders look at your income, savings, outgoings, deposit, and credit history to assess how much they’ll let you borrow.
The best way to get a rough idea is through a mortgage affordability calculator. These tools give you an estimate based on your earnings and expenses—but remember, they’re a guide, not a guarantee.
Here’s what determines how much you can borrow:
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Income & Bonuses – Your base salary plus any additional earnings (bonuses, commission, rental income) help lenders calculate affordability.
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Deposit Size – A larger deposit (10-20% or more) improves your mortgage options and unlocks better interest rates.
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Monthly Outgoings – Lenders factor in your spending, including debts, childcare, and living costs, to assess affordability.
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Credit History – A strong credit score means better mortgage deals; if it’s not perfect, there are still options.
Ok so let’s say you’re looking at a £300,000 property:
With a 5% deposit (£15,000) – You’ll need a £285,000 mortgage (95% loan-to-value).
With a 10% deposit (£30,000) – You’ll need a £270,000 mortgage (90% LTV), unlocking better rates.
With a 20% deposit (£60,000) – You’ll only need a £240,000 mortgage, giving you access to the best deals.
The key to all of this is finding the sweet spot between what you can borrow and what you can comfortably repay. Lenders typically allow you to borrow 4-4.5x your salary, but affordability checks take into account your income, outgoings, and financial commitments.
The key to all of this is finding the sweet spot between what you can borrow and what you can comfortably repay. Lenders typically allow you to borrow 4-4.5x your salary, but affordability checks take into account your income, outgoings, and financial commitments.
Mortgage Affordability Calculator
How much can you borrow? Let’s crunch the numbers.
Before you start house hunting, it helps to know what’s within reach. Our Mortgage Affordability Calculator gives you an estimate of how much you could borrow based on your income and expenses—helping you plan with confidence.
What Are the Different Types of Mortgages?
Choosing a mortgage can feel like walking into a coffee shop and being hit with a menu of options you didn’t even know existed. Flat white or oat milk latte? Fixed or variable rate? The good news? You don’t have to figure it out alone.
At Delta Mortgages, we’re here to break it down and help you find the right mortgage for your move—whether you’re buying in Dorset, Hampshire, or beyond.
The first big decision: Repayment or Interest-Only?
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Repayment Mortgage – The most common choice. Your monthly payment covers both interest and capital, meaning by the end of the term, the mortgage is fully repaid (hooray, no lump sum surprises!).
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Interest-Only Mortgage – A rarer breed these days. You only pay interest each month, leaving the original loan untouched until the end of the term. Lenders will want to see a solid repayment plan before offering you this option (no winging it).
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Once you’ve decided between repayment and interest-only, it’s time to pick your mortgage flavour:
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Fixed-Rate Mortgage – Predictability lovers, this one's for you. Your interest rate stays the same for two, three, five, or even ten years, so you always know what your monthly repayments will be.
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Variable-Rate Mortgage – Your rate can go up or down depending on lender changes. Usually, these start lower than fixed-rate deals, but they can increase at any time.
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Discount Mortgage – A temporary discount off your lender’s standard variable rate (SVR). Usually lower at the start, but it will fluctuate over time.
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Offset Mortgage – Got savings? This clever option lets you offset them against your mortgage balance, reducing the interest you pay. It can be a great way to save if you’ve got cash sitting in the bank.
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Tracker Mortgage – Your rate is linked to the Bank of England base rate. If interest rates drop, so do your payments (win). If they rise, so do your payments (less fun).
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It depends on your priorities. If you want stability, a fixed-rate mortgage might be best. But if you’re happy to take a risk for a lower rate, then a tracker or discount mortgage could be worth exploring. If you’ve got savings to work with then an offset mortgage might be a game-changer.
The easiest way to decide is to speak to one of our lovely mortgage brokers—we’ll help you find the best mortgage rates and make sure your move is as smooth as possible.
How Do You Shop Around for a Mortgage?
Shopping for a mortgage isn’t quite as fun as house hunting (no dreamy kitchens or sea views involved), but getting the right mortgage deal can save you thousands in the long run. Whether you’re a home mover, first-time buyer, or remortgaging, comparing mortgage deals is key to getting the best rate for your budget.
Here’s where to start:
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Decide What Type of Mortgage You Need
Fixed-rate? Tracker? Offset? If you’re unsure, check out our guide on types of mortgages. Knowing what works for you makes comparison much easier.
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Work Out Your Loan-to-Value (LTV) Ratio
LTV is simply the percentage of the property price you’re borrowing. The lower the LTV, the better the rates.
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5% deposit = 95% LTV (higher rates, fewer choices)
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10% deposit = 90% LTV (better rates, more options)
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15%+ deposit = 85% LTV or lower (access to the best mortgage deals)
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Don’t Just Look at the Interest Rate
Banks, building societies, and specialist lenders all offer different deals—but here’s the catch: not all mortgages are advertised on comparison sites or the high street. Some of the best deals are only available through independent mortgage brokers (like us).
At Delta Mortgages, we have access to over 14,000 mortgage products from a mix of high street lenders, private banks, and specialist mortgage providers across Dorset and Hampshire.
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Compare Mortgage Rates from Different Lenders
It’s tempting to pick the mortgage with the lowest rate, but watch out for:
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Arrangement fees – Some “low-rate” mortgages charge hefty upfront fees.
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Early repayment charges – If you plan to move or remortgage early, check these fees.
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Flexibility – Need to overpay? Want a mortgage that allows you to move home and take your rate with you?
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Speak to a Mortgage Broker
With so many lenders and products, finding the best mortgage for your situation isn’t always straightforward. A mortgage broker (oh hello! 👋🏼) can compare options, break down the jargon, and save you time and money by matching you with the right lender.
What is a Mortgage in Principle?
A Mortgage in Principle (MIP)—also called an Agreement in Principle (AIP)—is a lender’s indication of how much they might be willing to lend you, based on an initial financial check. It’s not a guaranteed mortgage offer, but it reassures sellers and estate agents that you’re a serious buyer.
Most agreements in principle last between 60 to 90 days, giving you time to find a property.
Not quite. When you submit a full mortgage application, the lender will run more detailed checks on your income, credit history, and the property itself. If anything changes—like your financial situation or the property being deemed unsuitable—the lender may decline the mortgage.
At Delta Mortgages, we can secure your AIP quickly—sometimes within 24 hours. Whether you’re moving home or remortgaging, our mortgage brokers in Dorset & Hampshire will find the best lenders for your circumstances.
Porting Your Mortgage vs. Switching to a New One—Which Is Best When Moving Home?
When you’re moving home, you have two main mortgage options: porting your existing mortgage or switching to a new one. Each route has its pros and cons, and the right choice depends on your current deal, lender criteria, and long-term plans.
Porting simply means taking your existing mortgage with you when you move home. Your current loan is repaid when you sell your property, and a new mortgage—on the same rate and terms—is taken out for your new home. It’s a popular option if you’re mid-way through a good fixed-rate deal or want to avoid early repayment charges (ERCs).
That said, even if your mortgage is technically portable, it’s not a guaranteed yes from your lender. You’ll need to reapply for the mortgage, and they’ll reassess your situation based on their current criteria. So, if your income has changed, you’ve taken on new debt, or affordability rules have tightened, there’s a chance they may decline the application.
💡 Pro Tip: In many cases, you can still adjust some of the terms when porting—such as increasing or decreasing the mortgage term or adding/removing someone from the mortgage application. If you’re borrowing more, the additional loan may be offered at a different interest rate, depending on what products are available at the time.
If you’re thinking of moving but want to keep your current mortgage deal, we’ll walk you through your lender’s porting policy and help ensure it’s the right move for your circumstances.
You have a low fixed-rate deal that you want to keep.
You want to avoid early repayment charges on your current mortgage.
You don’t need to borrow significantly more for your new home.
Porting isn’t always the best option. Sometimes, moving to a new mortgage with a different lender can save you money—especially if better rates are available.
When you switch mortgages, your existing mortgage is repaid when you sell your home, and a new mortgage is taken out on your next property. If your lender doesn’t allow porting, or you find better deals elsewhere, switching could be the way forward.
You can shop around for the most competitive rates.
You might be able to borrow more if needed.
Some lenders offer cashback deals or incentives for new borrowers.
Choosing between porting your mortgage and switching to a new one depends on your deal, affordability, and lender criteria. If you're unsure, speak to our mortgage advisers in Dorset and Hampshire—we’ll compare both options, run the numbers, and help you make the right move
Our Moving House Mortgage Process
Moving home is exciting—a new start, fresh walls to paint, and a fridge that will actually fit your oversized grocery shop. But let’s be honest, sorting your mortgage? That part isn’t quite as thrilling.
At Delta Mortgages, our mortgage brokers in Dorset and Hampshire make securing the right mortgage simple, stress-free, and dare we say… enjoyable? While you focus on house-hunting and planning where your sofa will go, we’ll handle the boring-but-important mortgage bits.
Here’s how it all comes together:
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Securing Your Decision in Principle (DIP)
Once we’ve found the right mortgage, we’ll secure your Decision in Principle (DIP)—which is essentially the lender saying, “Yep, we’d lend to you (subject to final checks).” Having a DIP strengthens your buying position, giving you more clout when making an offer.
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Making an Offer on Your New Home
With your DIP in hand, you’re in a great position to make an offer. Sellers love buyers who are mortgage-ready—it makes you stand out from the crowd (and helps avoid those pesky bidding wars).
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Pre-Application & Submission
Once your offer is accepted, our mortgage brokers roll up their sleeves and sort the mortgage paperwork so you don’t have to. How good is that?
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Lender Checks & Property Valuation
Your chosen lender will now assess your application and carry out a property valuation to check everything is above board (no crumbling walls or surprise structural issues thank you very much).
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Receiving Your Mortgage Offer
If all goes smoothly, the lender will issue your formal mortgage offer—this is the bit where you can breathe a sigh of relief. We’ll also receive a copy, keeping things moving forward without a hitch.
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The Legal Bits (Conveyancing)
At this stage, your solicitor (or conveyancer) will handle the legal side of things—drafting contracts, doing the necessary property searches, and ensuring everything is lined up for a smooth purchase. You’ll also need to arrange buildings insurance before exchanging contracts.
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Exchange & Completion—AKA Getting Your Keys!
Once all legalities are sorted, you exchange contracts with the seller—this is the point of no return (in a good way!). On completion day, the funds are transferred, and—drumroll, please—you get the keys to your new home. (whoohoo!! 🎉)
At Delta Mortgages, we take care of the heavy lifting (not literally, though we do have strong tea-making skills). Whether you’re upsizing, downsizing, or relocating, we make sure your mortgage is sorted with zero stress and the best possible deal.
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First Chat with a Mortgage Adviser
We start with a friendly, no-obligation conversation—by phone, video call, or in person (because, yes, we’re real humans and not just online forms). We’ll chat through your plans, budget, and mortgage needs, then search the whole market (that’s over 14,000 mortgage products) to find the best deal for you.
What Are the Mortgage Costs When Moving House?
Moving house isn’t just about finding the perfect home—it also comes with a few extra costs to budget for. From Stamp Duty to solicitors' fees, here’s what you’ll need to consider when sorting your mortgage.
This one depends on the value of the property you’re buying. If your new home is above the threshold, you’ll need to pay Stamp Duty Land Tax (SDLT). Rates vary based on property price and whether you’re a first-time buyer or a home mover.
Lenders need to check your new home is worth what you’re borrowing—it’s their way of making sure the property is suitable security for the mortgage. Some lenders cover this cost, but in many cases, you’ll need to pay for the valuation yourself.
Tip
Thinking of a more in-depth survey? You can also opt for a Homebuyer Report or a Full Structural Survey for extra peace of mind.
Your solicitor (or conveyancer) will handle all the legal paperwork—property searches, contracts, and transfer of ownership. Fees vary based on the complexity of your purchase, but typically range from £800 to £2,000.
Tip
Need a solicitor recommendation? Our team at Delta Mortgages can connect you with trusted conveyancers who’ll handle the legal side smoothly.
Lenders require you to have buildings insurance in place before you move in—it protects your home against damage. You might also want to consider contents insurance to cover everything inside.
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Not sure which policy to choose? We can help you compare providers to find the right level of cover.
Most mortgage brokers charge a fee for their services, but at Delta Mortgages, we’re always upfront about costs. Our fee structure is discussed during your first meeting, so you’ll never face unexpected charges.
Unless you’re packing up the car and roping in a few friends (we’ve all been there), you’ll likely need a removal company. Costs vary based on distance and how much you’re moving, but expect to pay between £300 and £1,500.
Some lenders charge a product fee when you take out a mortgage—especially if you’re porting your mortgage and borrowing more. This fee varies between lenders, so always check the details.
If you’re switching mortgage products before your current deal ends, your lender may apply an Early Repayment Charge (ERC). This can be a flat fee or a percentage of your mortgage balance.
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Not sure if ERCs apply to you? Our mortgage brokers can review your deal and check your options to avoid unnecessary fees.
This is the administrative cost for setting up your mortgage. It can be a fixed fee or a percentage of the loan amount—some lenders let you add it to your mortgage, while others require upfront payment.
A one-off application fee charged by some lenders to reserve your interest rate while your mortgage is processed. It’s usually between £100 and £250.
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Want a breakdown of what your mortgage will cost? Our mortgage brokers in Dorset and Hampshire can compare mortgage deals, explain fees, and help you budget with confidence.
Is It Better to Get a Mortgage from a Bank or a Broker?
If you go straight to a bank, and you’ll only see their mortgage deals. Go to a broker, and you get access to the whole market—including lenders who don’t deal with customers directly.
A bank will assess your eligibility based on their criteria, which can be rigid. A mortgage broker, like Delta Mortgages, searches over 14,000 products to find the best deal for your circumstances—even if your situation isn’t straightforward.
Plus, we handle the legwork, liaising with lenders and managing the paperwork, so you don’t have to. Some brokers charge a fee, but we’ll always be upfront about costs.
Want to know if a broker can find you a better deal than your bank? Let’s talk.
What Happens to Your Mortgage When You Move House?
Your mortgage is tied to your current home, so when you sell, the proceeds usually go straight towards paying off your existing loan. When you move, you’ll either:
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Port your mortgage – Transfer your existing deal to your new property (if your lender allows it).
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Take out a new mortgage – Pay off your current mortgage and arrange a new one for your next home.
Sorting your mortgage before you move ensures a smooth transition—no last-minute surprises. Whether you’re porting, switching lenders, or looking for a better rate, our mortgage brokers will help you get the right deal in place before the big move.
Remortgaging When Moving Home – What You Need to Know
When moving home, many homeowners consider remortgaging—whether to secure a better rate, borrow more, or simply move their existing deal to a new property. But is it the right move for you? Let’s break it down.
Remortgaging means switching your current mortgage to a new one—either with your existing lender or a different provider. Some people do this to lock in a better rate, while others use it to free up equity to fund their next move.
Thinking about remortgaging? Head over to our Remortgage page which covers everything you need to know about rates, lenders, and how much you could save.
Yes, many homeowners remortgage multiple times over the years—often to secure better interest rates or adjust their borrowing. If you’re coming to the end of a fixed-rate deal, remortgaging could help you avoid being moved to a higher standard variable rate (SVR).
But timing is everything. Exiting a deal too early can trigger early repayment charges (ERCs)—so it’s crucial to weigh up the costs before making a move. Speak to one of our mortgage advisers to see whether remortgaging is the right strategy for your next home.
It depends on your situation. Remortgaging when moving home could be beneficial if:
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Your current lender won’t let you port your mortgage.
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You want to borrow more for a bigger deposit or home improvements.
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There’s a better mortgage rate available with another lender.
On the flip side, if you’re locked into a deal with high early exit fees, it might be better to stay put. Check out our full remortgage guide to compare your options.
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Absolutely—many movers remortgage to unlock cash tied up in their current home. If your property has increased in value since you bought it, remortgaging could free up funds for:
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A larger deposit on your new home (helping you secure better mortgage rates).
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Home improvements or renovations.
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Clearing other debts to improve affordability.
Not sure how much equity you could release? Speak to one of our lovely and experienced mortgage brokers in Dorset and Hampshire and we’ll crunch the numbers for you.
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Your borrowing power depends on several factors, including:
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The current value of your home.
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How much equity you’ve built up.
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Your income and outgoings.
Most lenders offer mortgages up to 4-4.5x your salary, but affordability rules apply. Our remortgage page breaks this down in more details and can give you a better idea of what you could borrow.
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Remortgaging can come with fees, so it’s essential to do the maths. Potential costs include:
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Arrangement fees – Charged by the lender for setting up your new mortgage.
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Early repayment charges (ERCs) – If you’re leaving a fixed-rate deal early.
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Valuation & legal fees – Required for some new mortgage deals.
Not all remortgages come with high costs—some lenders waive fees or offer cashback deals. Want to see if it’s worth switching? Let’s talk remortgages.
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Remortgaging can be a powerful tool when buying your next home—but it’s not always the right option. Before you commit, weigh up:
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Can I get a better deal elsewhere?
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What are the costs of exiting my current mortgage?
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Would porting my mortgage be a cheaper alternative?
If you’re unsure, our mortgage advisers in Dorset & Hampshire can help you compare your options and find the best deal—whether that’s remortgaging, porting, or switching lenders.
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Frequently Asked Questions for Moving House
Ok, so we’ve covered a lot. But do you still have questions about moving home mortgages? We’ve got you covered. Below, we’ve rounded up the most common queries from home movers—whether you’re upsizing, downsizing, or simply relocating.
From porting your mortgage to deposit requirements, we’ll walk you through everything you need to know to make your move as smooth as possible.
Still got questions? No problem—we’re just a call or a click away!
Yes, it’s possible! This is called porting your mortgage, and it allows you to transfer your existing mortgage to a new property. If you’re tied into a great rate, porting can help you avoid early repayment charges (ERCs) and keep your current deal.
However, porting isn’t always straightforward—you’ll still need to go through a new mortgage application, and your lender will reassess your finances and the suitability of your new home. If you’re moving to a more expensive property, you may also need to borrow extra, which could be at a different interest rate.
Yes, but it depends on your mortgage terms. If your mortgage is portable, you may be able to take it with you to your new home. However, if you need to borrow more or switch lenders, you might face early repayment charges for breaking your fixed-term deal.
If you’re close to the end of your fixed rate, it might be worth waiting until your deal expires to avoid penalties. If you’re mid-term, we can help you work out whether porting or switching to a new deal makes more financial sense.
Yes, you’ll still need a deposit—even if you already own a property. If you’re selling your home, your deposit will usually come from the equity you’ve built up. This means:
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If your current home has increased in value, you might have more deposit to put down.
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If your property value has dropped, or you have a high loan-to-value (LTV) mortgage, you may need to top up your deposit with savings.
The minimum deposit is typically 5% of your new property’s value, but a larger deposit can unlock better mortgage rates.
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Yes, you’ll still need a deposit when porting a mortgage. Usually, this comes from the equity built up in your existing property. If you’ve owned your home for a while and its value has increased, you may have a nice chunk of equity to put toward your next home.
However, if your home’s value has dipped or you have a high loan-to-value (LTV) mortgage, you may need to top up your deposit with savings. A mortgage broker can help you work out exactly what’s needed before you move.
In theory, yes—but there’s a catch. If your new home costs less than your current one, your lender may reduce the loan amount they’re willing to transfer. Some lenders might even decline the porting request if the new property doesn’t meet their lending criteria (e.g., if it’s a non-standard construction or a listed building).
If you're downsizing but still carrying a mortgage, you may need to pay off a chunk of your loan with the proceeds from your sale. This could trigger early repayment charges (ERCs)—something to check before making any decisions. Speak to a mortgage adviser to weigh up the costs before you commit.
Yes, but your options depend on whether your mortgage is portable and where you are in your fixed-rate term.
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If your mortgage is portable: You may be able to take it with you to your new home, avoiding the need to exit your deal early.
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If you need to switch lenders or borrow more: You might face early repayment charges (ERCs), which could eat into your moving budget.
If you’re near the end of your fixed-rate deal, it might make sense to wait until the term expires before moving to avoid penalties. A mortgage broker can help you decide whether porting, switching, or waiting is the best move.
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Downsizing your mortgage when moving home can be a smart financial move, especially if you’re looking to reduce monthly repayments or free up cash for retirement, investments, or simply a more flexible lifestyle.
Here’s how it works:
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Buying a smaller or cheaper property – If your new home costs less than your current one, you may need a smaller mortgage, or no mortgage at all if you have enough equity.
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Using your home’s equity – If you’ve built up a lot of equity, you could use the profit from your sale to reduce your mortgage amount significantly.
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Checking for Early Repayment Charges (ERCs) – If you’re downsizing while still in a fixed-rate mortgage, you may have to pay exit fees if you’re not porting your mortgage.
If you’re not sure how much you can borrow after downsizing, our lovely mortgage advisers can run the numbers and find you the best deal.
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A new home means new risks, new costs, and new insurance needs. Here’s what to check:
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Buildings insurance – This is required by mortgage lenders and needs to be in place from exchange of contracts.
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Contents insurance – A good idea if you want to protect your belongings from theft, fire, or accidental damage.
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Life insurance & income protection – If your mortgage is increasing, it’s worth reviewing whether your current cover still meets your needs.
If you’re not sure what’s needed, we can help you find the right cover so you’re fully protected when you move.
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Absolutely! Later life lending options have evolved, making it easier than ever for home movers over 60 to get a mortgage.
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Standard mortgages – Some lenders extend mortgage terms into retirement, provided you can prove affordability.
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Retirement interest-only (RIO) mortgages – Designed for borrowers over 55, where you only pay the interest each month, with the loan repaid when you sell the home or pass away.
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Lifetime mortgages (Equity Release) – If you’d prefer to unlock some cash from your home without monthly repayments, this could be an option. Find out more about how our team mortgage adviser can help you with equity release and lifetime mortgages. (They also have biscuits.)
Every lender has different criteria, so speak to a mortgage broker to find the right solution for your situation.
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Choosing the right mortgage term depends on your long-term plans, financial situation, and risk appetite. Here’s what to consider:
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Shorter terms (5 years or less) – Ideal if you want lower overall interest costs and plan to repay your mortgage quicker, but monthly repayments will be higher.
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Medium terms (10 years) – A balance between manageable monthly payments and lower interest costs over time.
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Longer terms (25+ years) – Lower monthly repayments, making budgeting easier, but you’ll pay more interest overall.
The best option for you depends on how long you plan to stay in the home, your retirement plans, and how much flexibility you need. A mortgage broker can help you compare the best fixed-rate or variable mortgage deals based on your situation.
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The average mortgage application takes 4-8 weeks to complete—but timing can depend on factors such as:
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Your paperwork – The quicker you provide documents, the smoother the process.
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The lender’s processing speed – Some lenders take longer to approve applications than others.
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Property chain delays – If you’re buying and selling at the same time, your mortgage process may take longer.
Speaking to a mortgage broker early in the moving process ensures you don’t get held up with last-minute delays.
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If you still have a mortgage on your current home, you have two main options when moving:
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Porting your mortgage – This allows you to take your existing mortgage deal to your new property, avoiding early repayment charges (ERCs).
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Taking out a new mortgage – If better rates are available, you can pay off your existing mortgage and switch to a new deal, but you may have to pay an ERC.
Which option is best depends on your current mortgage rate, any fees, and whether switching lenders could save you money. A mortgage broker can compare the numbers and guide you through the process.
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Technically, no—you could go straight to a bank or lender. But here’s the catch: they’ll only offer their own products, which means you might miss out on a better deal elsewhere.
A mortgage adviser (like our lovely team at Delta Mortgages) gives you access to the whole mortgage market, including exclusive rates not available on the high street. We also handle the legwork, from application to approval—so you can focus on moving, not mortgage admin.
If you like saving time, money, and stress, a mortgage broker is the way to go.
Negative equity means your home is worth less than your remaining mortgage balance. Moving in this situation is tricky, but not impossible.
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Speak to your lender – Some may let you transfer negative equity to your new home.
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Consider overpaying – If you can, paying down your mortgage before selling can help.
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Look at alternative options – You might be able to rent out your property instead of selling, if your lender allows it.
Every case is different, so if you’re in negative equity but need to move, speak to a mortgage adviser first to explore your options.
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Moving home can increase or decrease your mortgage payments, depending on:
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The new property’s price – If you’re upsizing, you’ll likely need a bigger mortgage, which means higher repayments.
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Your deposit size – A larger deposit can reduce your loan-to-value (LTV), unlocking lower interest rates.
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Your mortgage term – Extending your mortgage term can reduce monthly payments but increase the total interest paid over time.
Before making an offer on a new home, use a mortgage affordability calculator or speak to one of our awesome mortgage brokers to check how your repayments could change.
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Yes, but it depends on the type of scheme you’re using.
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Help to Buy Equity Loan – If you used Help to Buy, you’ll need to repay the government loan when you sell. This is usually done through your sale proceeds, but if your home’s value has increased, the amount you owe may also go up.
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Shared Ownership – You can sell your share, but the housing association usually has first refusal on finding a buyer. If they can’t, you may be able to sell on the open market.
If you're moving and have Help to Buy or Shared Ownership, speak to a mortgage broker early to understand your options. We also have a dedicated Shared Ownership Mortgages page to help make sense of your home move.
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It’s gutting when a sale collapses—especially when you’ve already secured a mortgage offer. But don’t worry, it doesn’t always mean starting from scratch.
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Mortgage offers usually last between 3 to 6 months – So if you find another property quickly, you may still be able to use your existing offer.
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You may need a new valuation – If the new property differs significantly in value or type, your lender will likely reassess the deal.
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Some lenders allow extensions – If your offer is about to expire, most lenders will offer a short extension—especially if your circumstances haven’t changed.
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New builds get more time – Some lenders will extend mortgage offers up to 12 months for new build purchases, recognising that delays can happen.
💡 Pro Tip: You may be charged again for things like valuations or legal work if you’re switching to a different property. That’s where a mortgage broker comes in handy—we’ll help you navigate the admin and avoid unnecessary costs wherever possible.
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Not all properties are created equal in the eyes of lenders.
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Standard properties (brick-built houses, flats) – These are generally mortgage-friendly.
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Non-standard construction (timber frame, thatched roof, high-rise flats) – Some lenders may be more cautious or charge higher rates.
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Listed buildings – Mortgages are available, but lenders may have additional requirements.
If you’re switching from, say, a flat to a house (or vice versa), your lender may need to reassess your mortgage. If your new home falls into a specialist category, working with a mortgage broker ensures you find a lender who’s happy with the property type.
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Moving to a bigger home is exciting, but it often means borrowing more, so lenders will reassess your affordability.
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Lenders will check your income, outgoings, and debts to ensure you can afford higher repayments.
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Your deposit matters—a larger deposit could unlock better rates and make borrowing more affordable.
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You may need to pass stricter affordability tests, especially if your monthly payments will increase significantly.
If you’re upsizing, working with a mortgage broker can help you find the best deal that fits your budget while keeping your repayments manageable.
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Downsizing can be a smart move—lower costs, less maintenance, and possibly a mortgage-free future.
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If your new home costs less than your current property, you can use the sale proceeds to pay off some (or all) of your existing mortgage.
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If you still need a mortgage, you might be able to port your existing deal or secure a new, smaller mortgage with better rates.
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Be mindful of early repayment charges (ERCs)—some lenders charge fees if you pay off your mortgage early.
If you’re considering downsizing, a mortgage broker can help you calculate your options and find the best route for a stress-free move.
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Thinking of Moving Home? Let’s Find the Right Mortgage for You
Whether you’re upsizing, downsizing, or relocating, securing the right mortgage should be simple, stress-free, and tailored to you. At Delta Mortgages, our experienced mortgage brokers in Dorset and Hampshire search the whole market to find the best mortgage deal for your move.
Let’s take the hassle out of your home move. Request a Call Back today!
How Delta Mortgages Can Help You Secure the Best Moving Home Mortgage
Moving home is exciting, but sorting the mortgage? Not always.
Whether you're upsizing, downsizing, relocating, or just after a change of scenery, getting the right mortgage deal can make all the difference. That’s where we come in.
At Delta Mortgages, our experienced mortgage brokers in Dorset and Hampshire take the hassle out of home-moving mortgages. We search the whole market—over 14,000 mortgage products—to find the best rates and solutions tailored to your circumstances. Whether you’re porting your current mortgage, switching lenders, or starting fresh, we’ll handle the legwork, so you can focus on the fun bits (like picking out paint swatches).
Here’s How We Make Moving Home Mortgages Easy:
Whole of Market Access
We compare the best mortgage deals from 100+ lenders, so you don’t have to.
Tailored Advice
Whether you’re juggling a property chain, dealing with ERCs, or securing a mortgage for a specialist home, we’ll guide you through.
Stress-Free Process
From your Decision in Principle to completion, we handle the paperwork, liaise with lenders, and keep everything moving smoothly. And we’re chill.
Porting vs. Switching
Not sure whether to take your existing mortgage with you or switch to a new deal? We’ll crunch the numbers and find the most cost-effective option.
Support Beyond the Mortgage
Need a conveyancer? Home insurance? A moving checklist? We’re here for the whole journey and can point you in the right direction.
Moving home should be exciting, not exhausting—let Delta Mortgages take the stress out of securing your next mortgage.
Meet the Team That’s Got Your Back
At Delta Mortgages, we combine decades of experience with down-to-earth support that actually helps. No scripts. No waffle. Just lovely mortgage brokers who bring clarity, calm—and a bit of personality—to every step of your journey.
Get to know the people who’ll guide you from start to keys.
Your property could be at risk if you do not keep up repayments on a mortgage, or any debt secured on it.