Compare moving home mortgages
Why are you looking for a mortgage?
Progressive Building Society 2 year discount for properties in Northern Ireland
Repayment mortgage of £160,000 over 25 years, representative APRC 4.4%. Repayments: 24 months of £602.27 at 0.99% (discount), then 276 months of £907.10 at 5% (variable). Total amount payable £264,814.08 which includes interest of £104,814.08. Early repayment charges apply. Fees are assumed to be paid upfront. Other fees may apply.
Eligibility
You must meet the following criteria in order to get this loan:
Are resident of Northern Ireland
Are older than 18 years
Available Direct.
Available in branch only.
Additional criteria may apply.
Progressive Building Society 2 year discount for properties in Northern Ireland
Repayment mortgage of £160,000 over 25 years, representative APRC 4.4%. Repayments: 24 months of £602.27 at 0.99% (discount), then 276 months of £907.10 at 5% (variable). Total amount payable £264,814.08 which includes interest of £104,814.08. Early repayment charges apply. Fees are assumed to be paid upfront. Other fees may apply.
Eligibility
You must meet the following criteria in order to get this loan:
Are resident of Northern Ireland
Are older than 18 years
Available Direct.
Available in branch only.
Additional criteria may apply.
Progressive Building Society 2 year discount for properties in Northern Ireland
Repayment mortgage of £160,000 over 25 years, representative APRC 4.4%. Repayments: 24 months of £609.54 at 1.09% (discount), then 276 months of £907.93 at 5% (variable). Total amount payable £265,217.64 which includes interest of £105,217.64. Early repayment charges apply. Fees are assumed to be paid upfront. Other fees may apply.
Eligibility
You must meet the following criteria in order to get this loan:
Are resident of Northern Ireland
Are older than 18 years
Available Direct.
Available in branch only.
Additional criteria may apply.
Progressive Building Society 2 year discount for properties in Northern Ireland
Repayment mortgage of £160,000 over 25 years, representative APRC 4.4%. Repayments: 24 months of £616.86 at 1.19% (discount), then 276 months of £908.75 at 5% (variable). Total amount payable £265,619.64 which includes interest of £105,619.64. Early repayment charges apply. Fees are assumed to be paid upfront. Other fees may apply.
Eligibility
You must meet the following criteria in order to get this loan:
Are resident of Northern Ireland
Are older than 18 years
Available Direct.
Available in branch only.
Additional criteria may apply.
Furness Building Society 2 year discount cashback mortgage
Repayment mortgage of £160,000 over 25 years, representative APRC 5%. Repayments: 24 months of £624.23 at 1.29% (discount), then 276 months of £964.84 at 5.64% (variable). Total amount payable £282,276.36 which includes interest of £121,277.36. Product Fee (£999) with an option to add to the loan. Early repayment charges apply. Fees are assumed to be paid upfront. Other fees may apply.
Eligibility
You must meet the following criteria in order to get this loan:
Are resident of England
Are resident of Scotland
Are resident of Wales
Are older than 18 years
Available Direct.
Max age at term end: 80 years
Additional criteria may apply.
Scottish Building Society 2 year discount for properties in Scotland
Repayment mortgage of £160,000 over 25 years, representative APRC 4.7%. Repayments: 24 months of £639.15 at 1.49% (discount), then 276 months of £927.45 at 5.19% (variable). Total amount payable £272,310.80 which includes interest of £111,315.80. Arrangement Fee (£995) paid upfront. Early repayment charges apply. Fees are assumed to be paid upfront. Other fees may apply.
Eligibility
You must meet the following criteria in order to get this loan:
Are resident of Scotland
Are older than 18 years
Available Direct.
Max age at term end: 85 years
Minimum income £40,000
Available in branch only.
Additional criteria may apply.
Scottish Building Society 2 year discount for properties in Scotland
Repayment mortgage of £160,000 over 25 years, representative APRC 4.7%. Repayments: 24 months of £639.15 at 1.49% (discount), then 276 months of £927.45 at 5.19% (variable). Total amount payable £272,310.80 which includes interest of £111,315.80. Arrangement Fee (£995) paid upfront. Early repayment charges apply. Fees are assumed to be paid upfront. Other fees may apply.
Eligibility
You must meet the following criteria in order to get this loan:
Are resident of Scotland
Are older than 18 years
Available Direct.
Max age at term end: 85 years
Minimum income £40,000
Available in branch only.
Additional criteria may apply.
Scottish Building Society 2 year discount
Repayment mortgage of £160,000 over 25 years, representative APRC 4.7%. Repayments: 24 months of £639.15 at 1.49% (discount), then 276 months of £927.45 at 5.19% (variable). Total amount payable £272,310.80 which includes interest of £111,315.80. Arrangement Fee (£995) paid upfront. Early repayment charges apply. Fees are assumed to be paid upfront. Other fees may apply.
Eligibility
You must meet the following criteria in order to get this loan:
Are resident of England
Are older than 18 years
Available Direct.
Max age at term end: 85 years
Minimum income £40,000
Available in branch only.
Additional criteria may apply.
Scottish Building Society 2 year discount
Repayment mortgage of £160,000 over 25 years, representative APRC 4.7%. Repayments: 24 months of £639.15 at 1.49% (discount), then 276 months of £927.45 at 5.19% (variable). Total amount payable £272,310.80 which includes interest of £111,315.80. Arrangement Fee (£995) paid upfront. Early repayment charges apply. Fees are assumed to be paid upfront. Other fees may apply.
Eligibility
You must meet the following criteria in order to get this loan:
Are resident of England
Are older than 18 years
Available Direct.
Max age at term end: 85 years
Minimum income £40,000
Available in branch only.
Additional criteria may apply.
Newcastle Building Society 2 year discount
Repayment mortgage of £160,000 over 25 years, representative APRC 3.6%. Repayments: 27 months of £639.90 at 1.5% (discount), then 273 months of £822.94 at 3.96% (variable). Total amount payable £242,938.92 which includes interest of £81,939.92. Product Fee (£999) with an option to add to the loan. Fees are assumed to be paid upfront. Other fees may apply.
Eligibility
You must meet the following criteria in order to get this loan:
Are resident of England
Are resident of Scotland
Are resident of Wales
Are older than 18 years
Available Direct.
Max age at term end: 80 years
Available via telephone only.
Additional criteria may apply.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
I’m moving home, do I need a home mover mortgage?
Moving home can create a conundrum for those with mortgages: what do you do with your existing mortgage?
There are two options when it comes to a moving home mortgage:
You can either take your existing mortgage with you to the new property, a process commonly referred to as ‘porting’ a mortgage, or
You can choose to get a new home mover one
House moving mortgage or porting a mortgage?
Porting a mortgage means remortgaging with your existing lender but for a new property
Getting a moving home mortgage conversely means getting a better deal, but as you may be leaving your old mortgage before it’s expiry it could mean penalties
Weighing up the best option depends on the fees you’ll pay for leaving, the amount you could save from a new moving home mortgage, and any additional costs for porting, such as if you have to borrow more money and extend the mortgage you’re porting across.
Porting a mortgage
These days it is possible to ‘port’ or move your existing mortgage across. There are obvious attractions of this option:
You don’t have to research new lenders
Not so much new paperwork to deal with
No early penalties or fees
However, don’t let the term ‘porting’ confuse you. When you take your mortgage with you, it’s still a new deal. That means you’ll have to reapply, which means you may not meet your existing lender’s criteria as your circumstances may have changed.
Porting mortgage calculator
Find out if you can port your mortgage
If your outgoings have increased for example, or your employment status has changed, then you may not be accepted by your existing provider.
Or your provider may have changed its own acceptance criteria since you last applied. You may also need to borrow more money if your new home is of greater value. This extra borrowing may exceed the limit of your existing mortgage, meaning your lender will essentially have to offer you a different mortgage.
How to calculate your moving home mortgage and extra fees
When you take out a home mover mortgage you may have to pay your current mortgage provider’s exit fees. If you are within the introductory period of your mortgage you will probably have an early repayment charge of up to 5% of your debt.
Even if you’re outside of the introductory period you may still have to pay an exit fee. Most mortgages have an exit fee if you leave early, but this is unlikely to be as hefty as an early repayment charge.
Fees you may pay when taking out a home mover mortgage:
Early redemption charge - if you are in a fixed rate deal that has not yet expired
Exit fee - for paying off your mortgage early
Is it cheaper to get a home mover mortgage?
Any fees should be factored into the cost of your moving home mortgage. Calculate how much your new mortgage will cost you in comparison to your old mortgage including any fees.
How to choose a moving home mortgage
If your existing lender doesn’t accept your application due to a change in your circumstances, or a change in their lending criteria, or you need to borrow more money, porting your mortgage may not be the best solution.
In that case, it’s worth considering your existing mortgage as just one of many products to compare, as long as you take any exit penalties or early repayment fees into account.
You should also consider the arrangement fees involved in taking out a moving home mortgage and any other fees, but with moving home mortgages becoming increasingly competitive you may still find a cheaper deal.
Taking out a moving home mortgage
Before taking out a moving home mortgage remember that you will be assessed for your creditworthiness. It may be worth getting a credit report, making sure your payments are up-to-date, and ensuring you’re signed on to the electoral roll.
Even then though the new mortgage rules mean lenders are assessing stricter criteria before lending. Remember that any outgoings like phone contracts or gym memberships will be subtracted from your income before you are offered a mortgage to check for affordability, so it may be worth doing an audit of your outgoings before applying.
Uswitch is authorised and regulated by the Financial Conduct Authority (FRN 312850) to provide this mortgage comparison service.
Uswitch services are provided at no cost to you, but we may receive a commission from the companies we refer you to.