Clear, Independent Mortgage
Advice for Home Movers in Poole

Moving home is a big step. We give clear, independent advice, explain your options in plain English, and help you understand exactly what you can borrow and what it will cost—whether upsizing, downsizing, or relocating.

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What is a Home Movers Mortgage?

A Home Mover mortgage is for people who already own a property and are looking to move to a new home. Instead of being a completely different type of mortgage, it’s really about whether you:

Port your current mortgage (transfer your existing deal to your new property), or
Take out a brand-new mortgage (to cover your new purchase, sometimes alongside your existing loan if you’re upsizing).

The right option for you will depend on your circumstances — things like your current deal, whether early repayment charges apply, the price of your new property, and how much deposit or equity you have.

At Bay Mortgages in Poole, we help home movers work out the best option, compare deals across the market, and guide you through the whole process to make your move as smooth as possible.

How Home Mover Mortgages Work

Home mover mortgages are designed for those looking to buy a new home while selling their current one. Essentially, they allow you to secure a mortgage on your new property while ensuring any existing mortgage on current home is settled. Lenders typically assess your financial situation, income and credit history, to determine eligibility. It's important to different mortgage options to find the best deal that suits your needs during this transition.

Initial Consultation - finding out your goals, income, deposit, credit picture

We can search for the best mortgage rates available on the market and identify the most cost effective solutions for you.

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We will compare deals from the market, explaining the pros/cons in plain English

Once you've found your next house we will take care of the full mortgage application for you. Our team will process your application until the mortgage offer is issued.

Getting your mortgage approved in principle - We will secure your mortgage approval so you can start your house hunting with confidence.

The Bay team then won't leave your side until all the legal work is complete and you have got the keys and moved in.

Why Choose Us?

Gain exclusive access to a wide range of mortgage options tailored to your needs. Our experienced advisors provide straightforward advice to save you time, money, and stress.

Market Access

We offer access to the entire mortgage market, ensuring you find the best deal that suits your financial situation and goals.

Experienced Team

Our team of seasoned advisors brings years of expertise to guide you through the mortgage process with clarity and confidence.

Exceptional Service

At Bay Mortgages, we prioritize exceptional customer service, going the extra mile to ensure your mortgage journey is smooth and stress-free.

How the Process Works for Home Movers

Step by Step

Process

Learn about the steps involved in getting your next mortgage with Bay Mortgages. From the initial consultation to getting the keys, we guide you through the process with clarity and care.

Explore

Your Options

Next, we'll explore the various options available to you. Our team will present different solutions, explain their implications, and help you make an informed decision that suits your goals.

Initial

Consultation

Start by scheduling an initial consultation with our expert advisors. We'll discuss your needs, answer your questions, and provide personalised advice tailored to your financial situation.

Apply

Complete

We handle the paperwork and keep you updated, we will also guide you through the necessary paperwork and ensure that all legal aspects are handled smoothly. We'll be with you every step of the way.

Explore Mortgage Options

Discover the perfect mortgage for your dream home with our easy-to-use calculators. Estimate your monthly payments, Stamp Duty costs, and Loan-to-Value ratio effortlessly. No personal information needed.

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Jordan dealt with getting our mortgage in a professional manner. He’d go above and beyond to get everything done before the end of each working day, even to the point of using his personal time. Quick responses, and very patient. Would definitely recommend Bay mortgages.

AM Bournemouth

Frequently asked questions

Home Mover FAQs

A: The amount you can borrow for your next home through Bay Mortgages depends on several factors, including your income, current mortgage balance, and the value of your existing property. At Bay Mortgages, we understand that each client's situation is unique. Our expert advisors will assess these variables and provide you with a comprehensive calculation of what is possible after your sale. Serving Poole & Bournemouth, we offer independent mortgage advice tailored to first-time buyers, those looking to remortgage, buy-to-let investors, self-employed individuals, and more. Reach out to us for personalized assistance to understand your borrowing potential and take the next step toward securing your new home.

A: Sometimes yes. At Bay Mortgages, we work with a variety of lenders and understand that every mortgage scenario is unique. Porting your existing mortgage involves transferring your current mortgage deal to a new property while maintaining the same interest rate and terms. We will thoroughly check your lender's criteria to determine if porting is an option for you. Additionally, we'll compare your existing mortgage with other deals available in the market to ensure that you receive the best possible terms. Whether you're a first-time buyer, considering a remortgage, or looking at buy-to-let options, our goal is to provide independent and tailored mortgage advice to meet your specific needs in the Poole and Bournemouth areas.

A: If your purchase price is higher than your sale price, you'll need to cover the difference with your savings or by arranging for a larger mortgage. At Bay Mortgages, we understand that navigating these financial nuances can be challenging, especially for first-time buyers or those looking to remortgage. Our team of experienced advisors will work closely with you to ensure you have a clear and accurate budget, helping you feel confident and prepared throughout the process. We provide personalized mortgage advice tailored to your unique financial situation, making sure you have the best strategy in place to achieve your homeownership goals while serving the communities of Poole and Bournemouth.

A: At Bay Mortgages, we understand that understanding Stamp Duty can be complex. If you are remortgaging your property, you do not have to pay Stamp Duty again. This tax is a one-time payment made at the time of purchasing the property. However, if you are buying a new property, either as a first-time buyer, moving home, or investing in a buy-to-let, you will need to pay Stamp Duty on the new purchase. The amount you owe can depend on several factors, including the property’s purchase price and whether you already own another property. Our team, serving the Poole & Bournemouth areas, is committed to providing independent mortgage advice and can help clarify your specific situation regarding Stamp Duty and other related costs. For personalized assistance, please get in touch with one of our advisors.

A: At Bay Mortgages, we understand that time is of the essence when it comes to securing a mortgage. The duration of the mortgage process can vary based on several factors, but typically, it takes about 4-6 weeks from application to approval. This timeframe includes gathering necessary documentation, completing the application, undergoing a property valuation, and receiving the lender's decision. For first-time buyers, the process may take slightly longer due to the additional guidance and support we provide to ensure you understand every step. On the other hand, remortgages and buy-to-let applications might be quicker, especially if your financial situation is straightforward and well-documented. We pride ourselves on offering personalized, efficient service to clients in Poole and Bournemouth, aiming to make the mortgage process as smooth and swift as possible. If you need an expedited process, we recommend having all your documentation ready and responding promptly to any queries we or the lender might have. Our team is here to support you every step of the way.

Ready to get started?

Book a free call today

We help home movers in Poole, Bournemouth, Christchurch, and across Dorset.

Clear, Independent Mortgage
Advice for Home Movers in Poole

What is a Home Movers Mortgage?