Moving House
Moving home? Need a mortgage?
Looking to move into a new home? We can help you every step of the way — from negotiations with lenders, to discussing agreements with solicitors and more.
Moving home can be stressful. With so many costs for aspects like estate agents fees, removal vehicles, solicitors fees and so much more, it’s easy to exceed your expected budget. Our mortgage advisors will reduce the complications involved in purchasing your new home, making your move easier and less stressful.
We have access to the whole of the market, provide accurate advice on your potential mortgage options, and offer dedicated, personal services at all times. Your circumstances are unique to you, so our services match that.
‘Your home may be repossessed if you do not keep up repayments on your mortgage’
Why Choose Prestige Mortgage Solutions for Help When Moving?
Mortgage services built for you. Whatever your circumstances, we’ll help.
We have whole of market access to mortgage rates.
We act as the go-between with lenders, solicitors and estate agents.
We provide accurate advice on every aspect of moving home.
No-obligation review of your circumstances.
Existing Mortgage
We will need to discuss your current mortgage, what you owe and how much you need to borrow to obtain your new home i.e. the difference that is needed to add to any equity you may have. From your existing mortgage paperwork we will be able to see what debt is outstanding, how much interest you are currently being charged, when your current mortgage deal ends, early repayment charges that are owed and if the mortgage is portable (can be transferred to another property).
Our Advice
We will discuss what you can borrow, work through an income and expenditure analysis to produce a monthly repayment schedule and help build a budget for your mortgage.
Mortgage Sourcing
We will work on your behalf. We work from a comprehensive panel which is representative of the whole of the market to find the right mortgage for you.
Decision in Principle
Once we know what you can afford to borrow we will apply for a decision in principle from the lender. This document simply outlines what a lender is likely to lend you before you buy a property. You will be in a strong position to offer on the property you want to purchase
Offer
When you find the property you want to purchase you make an offer. Your mortgage in principle will help you to get this deal organised quicker as you will be in an advanced position to continue once your negotiation on price has been agreed.
Solicitors
When you find the property you want and the offer has been accepted you will need to instruct a solicitor who will represent you for the various searches, legal documents etc needed for the sales process. We can introduce you to a solicitor for the conveyancing process.
Mortgage Application
We will complete the application with you and apply for the mortgage on your behalf, dealing with any requests or enquiries into your finances.
Completion
After the contracts are exchanged, a date will be agreed for the completion of your purchase. On completion day, the balance of the agreed purchase price will be sent to the sellers solicitor and your new home is now yours, you are now free to collect the keys and enjoy your new property.
New Home Mortgages
We will look at your budget, circumstances and desired property to find a mortgage deal that works for you. With our expertise in mortgage agreements and access to some of the lesser-known mortgage lenders, we will work to ensure your needs are best met.
Not only that, but we’re happy to manage all the paperwork on your behalf, too. This makes the entire process less stressful and can also save you money on administration fees.
We’re also able to help you if you have a bad credit rating, low income, are middle-aged, or self-employed. We’re specialists at getting you a fair mortgage — regardless of your current circumstances.
Let-to-Buy Mortgages
If you’re in a position to move home without selling your previous home and would like to use it to pay for your next mortgage, you’ll need to readjust to a let-to-buy mortgage (also known as a Consent to Let).
These types of mortgages can be complex to secure without a carefully considered approach; you may end up with a mortgage that is less advantageous than anticipated.
We will compare all the different deals available to you to find the mortgage that not only helps you find your new home, but also helps you make the most of your previous one. We’ll manage all the necessary paperwork, negotiations with lenders, and break down the process of getting a let to buy mortgage into simple steps.
Discover the best mortgage rates from over 70 lenders
No matter what type of mortgage you are looking for, with access to the whole of the market, ranging from high street brands through to niche specialists catering for unique situations, we always ensure we get the right deal for you
Can I take my existing mortgage with me when I move home?
Sometimes, yes — this is called "porting" your mortgage. We'll review your existing mortgage paperwork to check whether your deal is portable, what you still owe, when your current deal ends, and whether any early repayment charges apply. From there, we'll advise whether porting or switching to a new deal works out better for you.
Will I have to pay an early repayment charge if I move house?
It depends on your current mortgage deal. If you're still within a fixed or discounted rate period, an early repayment charge may apply when you switch lenders. We'll check this for you at the outset and factor it into our advice, so you know the true cost of moving before you commit to anything.
What is a Decision in Principle and why do I need one before making an offer?
A Decision in Principle (DIP) is a document from a lender outlining how much they're likely to lend you before you buy. Having one puts you in a strong position when making an offer, as sellers and estate agents can see you're a serious, mortgage-ready buyer — and it helps your purchase move faster once your offer is accepted.
Can I keep my current home and rent it out when I buy my next one?
Yes — this is known as a let-to-buy mortgage (or Consent to Let). It lets you rent out your existing property and use it to help fund your next home. These arrangements can be complex, so we compare deals across the market, handle the paperwork and lender negotiations, and break the process down into simple steps.
How much can I borrow for my next home?
It depends on your income, outgoings, existing mortgage balance, and the equity in your current property. We'll carry out a full income and expenditure analysis, produce a monthly repayment schedule, and help you build a realistic budget — then source the right deal from a panel representative of the whole of the market, covering over 70 lenders.
Can you help me move home if I have bad credit, a low income, or I'm self-employed?
Yes. We specialise in finding fair mortgage deals whatever your circumstances — including bad credit ratings, lower incomes, older applicants, and the self-employed. With access to both high street lenders and lesser-known specialist lenders, we'll find an option that suits your situation.