How to move house with a mortgage
Navigating the various steps of buying and selling a property with a mortgage can feel like a puzzle. But don’t worry, it generally follows a clear, exciting sequence! To give you an immediate overview (and with supporting visuals on the full guide page), here are the key milestones in your journey to a new home:
Steps to take
Step 1: Initial budgeting & affordability checks
Understand your budget and borrowing needs with your IMC mortgage broker.
Step 1
Step 2: Getting an Agreement in Principle
Secure a provisional mortgage offer, showing you’re a serious buyer.
Step 2
Step 3: Property search & offer acceptance
Find your new home, get your offer accepted, and instruct solicitors.
Step 3
Step 4: Full mortgage application
Submit your application with all financial documentation to your lender.
Step 4
Step 5: Valuation & survey
The new property is valued, and you conduct independent surveys for peace of mind.
Step 5
Step 6: Conveyancing process
Your solicitor manages the legal aspects of transferring ownership of both properties.
Step 6
Step 7: Mortgage offer received
Receive your formal, legally binding mortgage offer once approved.
Step 7
Step 8: Exchange of contracts
Contracts become legally binding, deposits are transferred, and completion date is fixed.
Step 8
Step 9: Completion & moving day
Funds are transferred, keys exchanged, and you can officially move into your new home!
Step 9For a comprehensive, step-by-step walkthrough of your entire home moving and mortgage application journey, dive into our detailed guide on the Home Moving Mortgage Process.
Your home mover advantage: The IMC Mortgage Brokers difference
- Access to exclusive deals: Through our established relationships with a wide range of lenders, we can often access exclusive interest rates and terms that aren’t available directly to the public. These intermediary-only deals could save you money over the life of your mortgage.
- Comprehensive market search: Forget countless hours researching lenders and comparing deals. We do the legwork for you, efficiently sifting through the vast mortgage market to find the most suitable lenders and rates based on your individual circumstances, whether you’re porting or starting fresh.
- Expert, jargon-free guidance: The home moving mortgage process is complex. We provide clear, jargon-free advice tailored specifically to home movers, explaining complex terms and options so you feel confident and informed, especially when dealing with equity, chains, and multiple transactions.
- Strategic application support: We help present your application in the best possible light, increasing your chances of approval and securing competitive rates, even if you have unique circumstances or if you’re exploring options for additional borrowing.
- End-to-end & future support: From assessing your current mortgage and potential ERCs to understanding your borrowing power, securing an Agreement in Principle, and managing the full application through completion, we’re with you every step. We even assist in finding you a new deal when your initial mortgage rate finishes, offering long-term support.
- Relatives and friends: Offer invaluable first-hand insights, but their mortgage sector knowledge may not be current or specific to your situation.
- The internet: Provides immense knowledge but the sheer volume can make it hard to find accurate, relevant, and personalised information for your specific needs.
- Direct lenders: Offer expert guidance on their own products. However, they can only suggest what they can provide, limiting your options to a single provider’s offerings.
- IMC Mortgage Brokers: We offer comprehensive guidance specifically tailored to your unique requirements, searching across a wide panel of lenders. Our specialists make every effort to locate the ideal mortgage for you, considering your individual circumstances, not just a single bank’s offerings.
Your Toolkit for a Smooth Move
Mortgage Repayment Calculator
Mortgage Affordability Calculator
Stamp Duty Calculator