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Home Mover Mortgages

Helping you finance the mortgage on your next home

Moving Home is fun! Buying your next home can be stressful.

You don't have to figure it out by yourself. Our Mortgage Advisers will help you find the best mortgage deal, explain the different options and assist you in every stage of your home-moving journey.

A Home Mover is someone who currently owns a home and intends to buy a different property to live in. You will need a Purchase Mortgage, not a remortgage) unless you intend to port your existing mortgage.

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🏠Affordability for Home Movers

Let's use our affordability calculator to determine your target property value range.

The maximum mortgage you can get as a home mover depends on your income and expenses. Selling your existing property at the same time will increase affordability calculations.

🏠Saving or deposit requirements for Home Movers

Talk to us about your savings and existing property, even if you're just starting to look.

You can purchase a new home with a deposit of as little as 5% of the property value. However, you want to provide as much deposit as possible to reach the lower Loan-to-Value (LTV) mortgage rates.

You can use a combination of savings, family gifts and funds from selling your current property as a deposit.

🏠Do I have to sell my existing property?

We can discuss options, including advantages and disadvantages.

When purchasing a new home, most people sell their current home, exchange on the sale and the new home purchase on the same day. This process is called a 'property chain'.

However, if you don't require the equity in your current home as a deposit for your next home, you are not obligated to sell it. You could keep it as a second home, provided you can afford two mortgages.

Alternatively, if you wish to access some of the equity, you could consider remortgaging the property as a buy-to-let. This option allows you to retain property ownership while releasing enough money for the deposit on your next home purchase.

If you decide to keep your existing mortgage, you will likely pay more Stamp Duty Land Tax (SDLT) on your new purchase.

🏠Can I port my existing mortgage?

Let's check your mortgage contract & compare it against current market rates.

If you have a mortgage that allows porting, you may be able to move your existing mortgage rate to a new property. However, it is important to keep in mind that the process will still involve a full underwriting procedure. The new property will have to meet the lender's current requirements, and your income and credit will be re-checked.

If you need to borrow additional funds to purchase a new property, you may need to borrow them at current market rates (not your ported mortgage rate).

Mortgage Porting is a feature, your current mortgage may not allow it.

🏠Talk to our First Time Buyer Mortgage Advisers

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We are authorised and regulated by the Financial Conduct Authority (FCA).

Get in touch

We are your online mortgage broker, offering you the convenience of applying for a mortgage online. However, we understand that sometimes you may prefer to speak with a human - phone, email or in person.

Phone number
01133 205 902
Postal address

31 Bradford Chamber Business Park,

New Lane, Bradford, BD4 8BX

Looking for career in Mortgage Advice? View job openings.

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FCA Authorised

We are authorised and regulated by the Financial Conduct Authority (No. 919921). The FCA does not regulate most Buy to Let mortgages.

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

British Company

Cyborg Finance Limited is registered in England and Wales (No. 12131863) at Bradford Chamber, New Lane, Bradford, BD4 8BX

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