Choose the right mortgage when moving home. We’ll help you understand your options, whether you’re porting your existing deal or starting fresh with a new lender.
Moving to a new home is exciting, but working out the mortgage side of things can feel complicated, even if you’ve bought before. At Saho Financial Services, we cover everything from traditional mortgages to porting and fixed or variable rate options. For an independent overview of the buying process, the MoneyHelper guide to buying a home is a helpful starting point. You can also use our stamp duty calculator to see how much you’ll need to budget for on top of your deposit.
When it comes to moving house, there are several mortgage routes to consider. You can sell your existing home and apply for a new mortgage on the new property. You might be able to port your current mortgage across, subject to your lender’s criteria and a fresh affordability assessment. Or you might need to borrow additional funds on top of your existing balance to cover the difference in purchase price.
Our advisers will talk you through the pros, cons and costs of each option. It’s also worth understanding your stamp duty obligations, checking the Land Registry house price data for your target area, and speaking to a solicitor early to avoid delays at the conveyancing stage.
How much deposit do I need? — The more you can save, the better the rates you’re likely to access. Our mortgage calculator can help you model different deposit sizes and see how they affect repayments.
Is it cheaper to rent or buy? — This depends on your circumstances, the local market and how long you plan to stay. There are genuine arguments on both sides and the answer isn’t the same for everyone.
The cost of buying a house — Beyond the mortgage itself, there’s stamp duty, solicitor fees, survey costs and removal expenses to factor in. Our stamp duty calculator covers current thresholds for England, Scotland and Wales.
What types of survey are there? — Your lender will carry out a basic valuation, but a more detailed survey, such as a RICS HomeBuyer Report or Building Survey, can give you a much clearer picture of the property’s condition before you commit.
Run the numbers, then talk to us. Our financial calculators cover mortgage repayments, how much you could borrow, stamp duty, bridging finance and rental yield. Results are estimates only and should not be relied on as financial advice.
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Possibly, though you’ll need to pass your lender’s affordability checks again based on the new property. We can help you assess whether porting or a new mortgage is the better option. See our remortgage page for more on switching deals.
The full range. See our mortgages overview for all the options including fixed rate, variable, buy to let, self employed and specialist lending.
Yes. If you need short term funding to bridge a gap between buying and selling, visit our bridging finance page to understand how it works.
Use the button above to start online or visit our contact page. An adviser will get back to you to discuss your situation.
We search the market and handle the process so you can focus on moving.
Whole of market search across a wide panel of lenders
Dedicated adviser throughout the process
We handle the paperwork and liaise with lenders on your behalf
