In situations like this, there are many factors to consider, and you should seek guidance from a professional mortgage adviser to avoid paying unnecessary penalties. A mortgage adviser can 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 designed for those looking to purchase a new home while selling their current one. This can involve porting an existing mortgage, early repayment charges, and securing a new mortgage. Our experienced mortgage brokers can help you manage the process.
Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.
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 that each client has unique financial circumstances. That's why our bespoke customer journey, known as The James Leighton Way, is designed to ensure frequent communication between our mortgage advisers and our clients, at every stage of the process. From our initial interaction, our goal is to understand our clients completely - from the details of their financial situation to their individual preferences, objectives and aspirations. This in-depth understanding means we can offer customised mortgage solutions that align with our clients’ needs. The “James Leighton Way” allows our advisers to spend more time with each client, delivering an efficient and fee-free mortgage advice service that feels relaxed and supportive.
- Call: 0115 870 9520
- Email: [email protected]
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A wide range of lenders
As a Whole of Market mortgage brokerage, we have access to more than 90 lenders and thousands of deals, plus a range of exclusive home mover mortgage 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 one of the most stressful processes. Our job is to make moving house less stressful and more exciting by providing personalised service and ongoing support.
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Tailored guidance on porting
You may want to consider porting your mortgage as part of your move. Mortgage porting can potentially save time and money. We can advise on this option based on your situation, ensuring you fully understand the advantages and drawbacks.
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Trusted and professional advice
The James Leighton team of mortgage brokers is established and has years of experience in the home mover mortgage market. We have built a trusted reputation and have many repeat clients because of our professionalism and dedication to getting great results for clients across the UK.
Home move specialists
James Leighton mortgage advisers have decades of combined experience. We’ve already helped thousands of individuals and families make their move successfully.
Things to consider
Getting ready to buy
Moving home can be a complex process, which is why we recommend that you consult with our advisers early in your moving journey. However, if you need assistance on short notice, our dedicated advisers will help you get organised quickly. Our services include establishing maximum affordability, optimising your available funds to maximise your deposit's impact on the mortgage terms and interest rates, calculating monthly payments, and obtaining a Decision in Principle (DIP) from a lender, putting you in a strong position to make an offer. This is an essential 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?
Both resale and new build properties come with their own set of advantages and disadvantages. Your choice between the two will depend on your personal preferences and individual circumstances. Our advisers can help you weigh the pros and cons of each option, ensuring you make an informed decision that aligns with your needs and goals. As experienced professionals, we’re familiar with various new build mortgage incentives and schemes, such as part exchange and assisted moves, we can help you determine 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 additional costs you may need to budget for and tell you when and how to pay them. Costs such as removals, stamp duty, legal expenses, valuation fees, fixtures and fittings, mortgage product fees, first mortgage payments, and insurance products 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 your mortgage, or taking out a new home mover mortgage can be a complicated process. We understand the complexities and know how to overcome various common home mover mortgage issues. For instance, our clients tell us that being part of a chain and dealing with mortgage lenders can be daunting and stressful. Our service is designed to make the process effecient while also being reactive with timely solutions to any additional queries or issues that may arise.
We support clients across the UK. When you choose 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?
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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
Our advisers will look to help you find a better mortgage deal with our results-driven remortgaging advice and brokering services.
Buy to Let
Secure the right investment property with our extensive Buy to Let (BTL) mortgage market insights and support. Our knowledgeable team of BTL mortgage professionals will provide a customised solution that focuses on your investment goals.
First-time buyers
As a first-time buyer, you’ll receive a personalised mortgage advice service, clear explanations and exceptional support throughout the process.
428,285
households wished to move home based on data collected in July 2024*.
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
