Moving Home

Moving Home? Whether You’re Upsizing, Downsizing, or Simply Looking for a Fresh Start, We’re Here to Help

Moving to a new home is an exciting milestone, but it also comes with its challenges. The excitement of finding your perfect property can quickly be overshadowed by the complexities of securing the right mortgage. With so many options available, how can you be sure you’re making the best financial decision?

Exploring Your Mortgage Options When Moving Home

One of the biggest financial decisions when moving is what to do with your current mortgage. Should you stick with your existing lender or switch to a new one? Making the right choice can save you time, money, and stress in the long run.

It’s natural to feel uncertain—will you face early repayment charges if you leave your lender? What if your current rate isn’t competitive, or the terms don’t fit your new home’s value? Many homeowners worry about losing a great deal or getting stuck with unexpected fees.

One option is porting your mortgage, which allows you to transfer your existing deal to your new home, keeping the same terms and interest rate. This can be a great way to avoid exit fees while maintaining a favourable rate. But if you need a larger loan, better terms, or want to add a partner to your mortgage, switching to a new deal might be the better option—and we can help with that too.

At SMG Mortgages, we take the guesswork out of the decision. We’ll assess your situation, compare all available options, and guide you toward the most cost-effective solution—whether that means porting your mortgage or securing a new one.

Your home (or property) may be repossessed if you do not keep up repayments on your mortgage or any other debts secured on it.