New mortgages for upsizers or downsizers

Family growing? Empty nest? Whether you’re upsizing or downsizing, we’ve helped hundreds of clients purchase the property right for the next stage of their lives.

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How we help home movers:

Make informed decision

There’s a lot to consider before upsizing or downsizing. We provide you with specialist and in-depth knowledge to ensure the mortgage you apply for is the right fit.

Access the entire mortgage market

Communicating with only one mortgage provider means possibly missing out on other opportunities. Since the list of lenders we can approach isn’t restricted, working with us gives you the power of choice, and peace of mind in the product you decide on.

Let us do the heavy lifting

As your partner, we’re here to provide guidance and help you navigate this process from start to finish.

Let us find a home mover mortgage for you?

Speak to one of our friendly advisers today, and download your credit report via 'Check my file', to kick start the process.

Product FAQs:

A home mover mortgage refers to the process of obtaining a new mortgage when moving to a different property. While it is not fundamentally different from a standard mortgage, the home mover mortgage is tailored to suit the specific requirements of the new property and the borrower’s changing needs.

The primary goal of a home mover mortgage is to ensure that the new mortgage remains affordable and aligns with the borrower’s financial situation and preferences as they transition to a different home. As with any mortgage, it’s crucial to carefully evaluate various options and consult with a mortgage adviser to secure a mortgage that meets the borrower’s unique requirements and circumstances.

When moving your mortgage, whether it’s transferring to a new property or adding a partner, you may encounter fees or charges depending on the specific circumstances. If you make changes to your mortgage during the existing mortgage term, you could be subject to an early repayment charge (ERC). This charge is levied when you modify the mortgage agreement before the end of the fixed or introductory rate period.

To avoid incurring additional costs, it’s generally recommended to make changes, such as adding a partner, when it’s time to remortgage. At this point, you’ll likely have more flexibility to renegotiate the mortgage terms without facing early repayment charges. However, it’s essential to review your current mortgage agreement and consult with a mortgage advisor to understand any potential fees or charges associated with moving your mortgage.

Yes, it is possible to obtain a mortgage when relocating, but there are specific factors to consider during the process. Here are two essential aspects to keep in mind:

  • Eligibility criteria: Ensure that you meet the lender’s eligibility requirements, which may include factors such as credit history, income, employment status, and debt-to-income ratio. Different lenders have varying criteria, so it’s important to evaluate your financial situation and research suitable lenders accordingly.
  • Affordability: Carefully assess the affordability of the loan to ensure that you can manage the mortgage repayments in addition to other living expenses in your new location. This may involve considering factors such as changes in cost of living, potential fluctuations in income, and any additional relocation expenses.

In summary, while it is possible to obtain a mortgage when relocating, it’s crucial to ensure you meet the eligibility criteria and carefully evaluate the affordability of the loan in your new location. Consulting with a mortgage advisor and conducting thorough research can help you secure a mortgage that suits your specific needs and circumstances.

When moving house, it’s generally expected that you provide a cash deposit, which can contribute to securing a mortgage with more favourable terms. A deposit of 15% or more of the property value could increase your chances of being accepted for a mortgage. However, the required deposit amount may vary depending on the lender and the specific mortgage deal.

For those who already own a home, the equity built up in the first property can be used towards the deposit for the next home. If you’re moving to a significantly more expensive property, you might need to save additional funds to cover the difference in the deposit requirement.

In summary, while you typically need a cash deposit when moving house, the amount required can depend on factors such as the property value, your existing home’s equity, and the specific mortgage deal you’re seeking.

What our customers think:

Kashif SharifKashif Sharif
15:32 22 Sep 23
The team at Hearthstone Mortgages recently managed my re-mortgage. Their service was very professional, swift, and ultra efficient. I am absolutely delighted with how the process went from start to finish, and I would highly recommend doing business with them.
Gary CorbettGary Corbett
18:08 15 Sep 23
Incredible service and advice from start to finish. When you work with Ajay you feel that your deal matters to him as much as it matters to you.A great addition to any power team, I look forward to working with Ajay on our next project.Highly recommend!
Sandra BSandra B
13:45 31 Aug 23
Best experience with a mortgage broker in a long time. Very responsive and reliable. Special thanks to Jordanne, highly recommend them!
Lee TomlinsonLee Tomlinson
22:33 30 Aug 23
I've worked with Hearthstone Mortgages on a number of occasions and have a great relationship with them. They have found me some great deals and communication is great whenever I need support. We'll certainly work together in the future.
Joe NewmanJoe Newman
17:20 22 Aug 23
Had an excellent experience dealing with both Ajay and Nadine who assisted my limited company with a remortgage and purchase at the same time. Would highly recommend and will definitely use again in the future.
joey awaritefejoey awaritefe
20:38 17 Aug 23
Hearthstone Mortgages were great at supporting us with first getting a bridging loan, and then securing a buy to let mortgage.Ajay was able to provide guidance throughout the processes and Nadine was always on hand to ensure things were ticking along and to answer any queries.
Jason EdgeJason Edge
22:04 16 Aug 23
Used Hearthstone for the first remortgage in our portfolio. Jordanne was very helpful through the whole process and a pleasure to work with. In you need advice or a mortgage of any kind I would highly recommend them. Thanks again
Jamie BoxallJamie Boxall
11:07 16 Aug 23
We have been working with hearthstone now for two years.The team are incredible at what they do they take time to understand your case and really work to get your the right product for you.I strongly recommend Ajay and his team to any investors or for your own residential purchase
Conor HarrisonConor Harrison
18:38 21 Dec 22
Second time I've worked with Ajay at hearthstone and won't be the last! An expert in his field and delivers such a personable and professional service, thanks for everything!
King Panda PropertiesKing Panda Properties
08:12 03 Dec 22
Excellent knowledge, systems and client care, Hearthstone Mortgages has it all!In particular, a portfolio owner herself, Mortgage Advisor Jordanne deserves a special mention. From Day 1 her understanding and attention to my client needs has been outstanding and she is an absolute asset to the business and company owner, Ajay.I wholeheartedly recommend using Hearthstone based on my experiences, be it a private mortgage, BTL, portfolio etc. I will certainly be continuing to use them going forward. Thanks, Jordanne. KPP
Simon CharnockSimon Charnock
17:46 14 Sep 22
Great communication throughout, excellent service, always happy to help and advise making the remortgage of a HMO property very straight forward.Thanks Ajay and teamSimon @ C&W Homes
Carys GreenCarys Green
18:15 11 Jan 22
I can’t fault the service i received for my remortgage. Other advisors were put off with my slightly complicated situation however Ajay made the whole process easy and completely seamless. He also went above and beyond to push forward to completion whilst he was on holiday.Thanks for all your help and looking forward to working with you again in the future.
Dessi DonchevaDessi Doncheva
16:21 13 Mar 21
Couldn't thank Ajay from Hearthstone Mortgages enough for his support, professionalism and responsiveness! Ajay pretty much held our hands through the purchase of our first investment property, guiding us through the process, explaining every detail I questioned on the mortgage documents and doing his best to speed up the purchase at a time when solicitors and lenders were being inundated with work and slowing things down. When our mortgage offer expired, Ajay got right on it and even got us a better rate! Not to mention, he was even chasing our solicitors and escalated the case internally as the solicitor handling our case wasn't very on top of things, so Ajay got them changed, leading to the purchase completing within a few weeks afterwards. All of this for a very fair price - what you pay is much less than what you get! Thoroughly recommend Ajay and the team and will be using them again in the future for sure!
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