There are many factors to consider in situations like this and you should seek guidance from a professional mortgage adviser to avoid paying unnecessary penalties. A mortgage adviser will be able to help you weigh up the costs of porting, and possibly topping up, with your current lender against the potential benefits of changing to a new lender.
Home mover mortgages
Home mover mortgages are mortgages that you might take out when moving home. As experienced mortgage advisers, we can help you find the right mortgage and streamline the process.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Contact our friendly team to discuss your planned move.
Get in touch
Get in touch
Simplifying your mortgage
James Leighton’s tailored approach
We recognise the uniqueness of each client. Our bespoke customer journey, known as The James Leighton Way, has been designed to ensure high quality communication between our expert team and our clients, at every stage of the process. From our initial interaction, our goal is to understand our clients comprehensively - from the factual details of their financial situation to their individual preferences, objectives and aspirations. This in-depth understanding enables us to engineer customised mortgage solutions that dovetail with our clients’ needs. The “James Leighton Way” enables our advisers to devote more time to each client, delivering an efficient and fee-free service that feels relaxed and supportive to the end user.
- Call: 0115 870 9520
- Email: [email protected]
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Wide range of lenders
As a Whole of Market brokerage, we have access to more than 90 lenders and 1000s of deals, plus a range of exclusive products offered through our network, Quilter Financial Planning Limited, meaning home movers can be confident that we’ll find them a fantastic mortgage.
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Fast and efficient process
Moving home is understood to be one of the most stressful processes you can experience. Our job is to make it less stressful and more exciting with a streamlined process and ongoing support.
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Tailored guidance on porting
You may want to consider porting your mortgage as part of your move up or down the property ladder. We can advise on this option based on your situation, ensuring you fully understand all of the advantages and drawbacks.
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Trusted and professional advice
James Leighton is an established service provider in the home mover mortgage arena. We have built a trusted reputation and repeat clients due to our professionalism and dedication to getting great results.
Home move specialists
James Leighton home move mortgage advisers have decades of combined experience. We’ve already helped 1000's of individuals and families make their move successfully.
Things to consider
Getting ready to buy
Moving home can feel like a whirlwind which is why we recommend that you speak to our team early in your house buying journey if you can. But don’t worry if not because we’ll help you get organised at a moment’s notice - establish maximum affordability, optimise your deposit, calculate monthly payments and we’ll even get you in a position to make an offer, with a lender Decision in Principle (DIP). This is an important step in the process that will help you make better decisions and avoid complications later down the line.
Things to consider
Resale or new build?
There are many advantages and disadvantages of both types of property and choosing which route to go down entirely depends on your preferences and circumstances. As experts in new build incentives and schemes, such as part exchange and assisted move, we can help you work out if one may be more favourable than the other from a financial perspective. Whichever way you go, we can help you make the right decision and support you on your journey.
Things to consider
Budgeting and timing of costs
We’ll help you work out what costs you may need to budget for and, crucially, when and how they will need to be paid. Costs such as removals, stamp duty, legal costs, valuation fees, fixtures and fittings, mortgage product fees, first mortgage payments and insurances are easily overlooked. But don’t worry, we’ll go through all of this with you and help you make a plan.
By your side
James Leighton mortgage support
Moving home and porting, or taking out a new home mover mortgage, can be a complicated process. We understand the complexity of the process and how to overcome a variety of common home mover mortgage issues. Being part of a chain and dealing with mortgage lenders can often be daunting and stressful. Our service is designed to make the process smooth while also being reactive with timely solutions. We support clients from across the UK. When you opt for a James Leighton mortgage adviser, you can be sure that you’re in experienced hands.
- Call: 0115 870 9520
- Email: [email protected]
FAQs
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My current mortgage has an Early Repayment Charge period that ends after my intended moving date. What should I do?
A
Q
How does a remortgage differ from a home mover mortgage?
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A remortgage is when you replace your existing mortgage with one lender to one with another lender on the same property, perhaps to get a better deal or to borrow more money. If you transfer your existing mortgage terms to your onward purchase that is called porting. A home mover mortgage is a term to describe a new mortgage taken out by a home mover on their onward purchase.
When borrowing more money please note you should think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
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Why should I use a broker for a home mover mortgage?
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Using a mortgage broker as part of your property move can be beneficial and save time. The broker will be able to assess your exact situation and offer realistic and advantageous options. Many people choose to use a broker as part of a property move due to the additional and ongoing support provided during what is a complex process.
New build mortgages
Navigate the new build mortgage market with our experienced and well-connected new build mortgage advisers.
Remortgaging
Allow us to help you find a better mortgage deal with our results-driven remortgaging advice and brokering services.
Buy-to-let
Overcome the buy-to-let (BTL) mortgage market with a customised solution provided by our knowledgeable team of BTL mortgage professionals.
First-time buyers
As a first-time buyer, you’ll receive a personalised mortgage advice service, clear explanations and exceptional patience throughout the process.
309,000
households wished to move home based on data collected in January 2023*.
This shows that the property market is active, which is especially good if you want to sell your home and move.
Sarah Grainger, Senior Mortgage Adviser
"I'm proud to work on a team that places clients' needs at the forefront. Along with my colleagues, we strive to deliver top-tier mortgage solutions."
Sarah brings a wealth of expertise and a genuine passion for helping clients achieve their homeownership dreams. Her dedication and in-depth knowledge make the journey of securing a mortgage a smoother and more informed process.
- Call: 0115 870 9520
- Email: [email protected]
Case study
Reuniting a family after bereavement
Client background: Due to a bereavement, the decision was made for a family to move back in together. As a family, they wanted to make the move as soon as possible but the move involved one party moving from rented accommodation, one party selling their current property and all parties purchasing a property together.
The challenges:
- They wanted to sell and move as quickly as possible.
- The bereaved was no longer working and only in receipt of state pension.
- The bereaved wanted to gift the deposit for the new property from the proceeds of the sale of their property but also wanted to live in the new home.
What we did:
- We spoke to the client about the different sale schemes certain new build developers offer, including Part Exchange and Assisted Move.
- After a detailed initial consultation with the clients, we presented to them the option of Joint Borrower Sole Proprietor.
To wrap it up: To be eligible for the Part Exchange scheme, the seller of the Part Exchange property needed to be on the mortgage application for the new property. The age of the bereaved meant that the mortgage term was limited to nine years. To fix the problem, we applied for a Joint Borrower Sole Proprietor mortgage, meaning that all three family members would be on the mortgage application. As affordability was good, we didn’t need to use the pension income, which then meant that we could base the mortgage term on the younger applicant’s maximum age. This kept repayments manageable and got everyone into their new home without having to worry about selling privately.
We applied for a Joint Borrower Sole Proprietor mortgage, meaning all three family members would be on the mortgage.
What our customers say
I have used James Leighton three times now, each time they have been thorough and helpful. They are easy to contact and explain everything in detail. We will definitely come back if we move house again. Thank you
