Your existing mortgage
Find your latest mortgage statement and details of your current deal. Check when it ends and whether there are early repayment charges.
Could you take your mortgage with you?
Porting may let you keep your existing mortgage deal when moving. It is subject to lender checks, and extra borrowing or a smaller loan can change the costs. Check the details before making plans.
How much could you borrow?
Your income, outgoings and circumstances need to be assessed again. An agreement in principle can help you prepare, but it is not a mortgage offer.
Viewing and selling
Make a list of what matters most and where you could compromise. Understand the position of your own sale as well as the property you hope to buy.
Making an offer
Decide what the property is worth to you and what fits your budget. Ask about the seller’s position and avoid getting carried away by competition.
What happens next?
When the sale and purchase are agreed, there are mortgage, legal and survey steps to work through. Keep your paperwork and questions together.
Further reading: MoneyHelper: moving with your mortgage ↗