YULE MORTGAGES

Moving Home Mortgages

Moving home and need a mortgage? We can help find the right mortgage for you. Find out how much you can borrow and get an Agreement in Principle (AIP). Whether you’re moving to a larger property or downsizing to a smaller property, moving to a new home is the perfect opportunity to find a new mortgage deal that works for you, even if you already had a mortgage in place on your existing property.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

MOVING HOME

YULE MORTGAGES: EXPERT KNOWLEDGE

Planning a move? At Yule Mortgages, we can access your existing lender’s latest options for your new home without you needing to contact them yourself. We then compare those terms against the wider market to ensure you have total peace of mind- whether the most suitable move is to stay with your current provider or switch to a new lender for your next property.

Navigating the mortgage market requires up-to-date expertise. At Yule Mortgages, we use our knowledge of current lender policies to identify the most suitable options for your move. Our goal is to present you with a mortgage solution that is competitive and aligned with your financial circumstances.

Can I buy a new house before mine is sold?

Often, yes. Depending on your circumstances, options such as bridging finance, let-to-buy, or specific interim borrowing can help you secure your next move. These are complex products, so we’ll assess your eligibility to ensure the solution is both suitable and correctly structured for your needs.

MOVING HOME

MOVING HOME MORTGAGE OPTIONS

Can I buy a new house before mine is sold? 

Sometimes yes. Options like porting your mortgage, temporary borrowing, or bridging (in specific cases) can help — but only if done correctly. 

Can I move house and keep my current mortgage? 

If your mortgage is portable, you might be able to transfer it to your new home. We’ll check: 

  • If your lender allows porting 
  • Whether the new property qualifies 
  • If extra borrowing is needed 

Should I port my mortgage or get a new one? 

Porting can save early repayment charges — but it’s not always the best deal. We compare both options so you don’t sleepwalk into a bad decision. 

MOVING HOME

The Financials

How much can I borrow when moving house? 

Your borrowing power depends on: 

  • Your income (and any changes) 
  • Existing mortgage balance 
  • Equity released from your sale 
  • Current lender affordability rules 

Can I use equity as a deposit? 

Yes — most home movers use equity from their sale towards the next purchase. Timing it properly is the key. 

Do I need a deposit when moving house? 

Usually no “new” deposit — but you may need extra funds if you’re upsizing or borrowing more. 

What costs should I budget for? 

  • Solicitor fees 
  • Estate agent fees 
  • Stamp duty (if applicable) 
  • Removal costs 
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