A home mover is someone who already owns a property and is moving to a new home. This usually involves selling an existing property and buying another, often with a mortgage.

In some cases, yes. If your mortgage is portable, you may be able to transfer it to your new property, subject to lender approval and affordability checks. Not all mortgages are portable.

Mortgage porting allows you to move your existing mortgage deal from your current property to a new one. The lender will reassess affordability and the new property before approving the transfer.

Your deposit typically comes from the equity in your current property. The amount available depends on your sale price, outstanding mortgage balance, and selling costs.

Yes. Many home movers apply for additional borrowing when purchasing a more expensive property. Lenders assess affordability based on income, outgoings, and overall loan size.

A property chain forms when multiple buyers and sellers are linked together. Chains can affect timescales and increase the risk of delays, as each transaction depends on the others completing.

Home movers should budget for estate agent fees, legal fees, surveys, removals, Stamp Duty (if applicable), and potential mortgage fees. Costs vary depending on the property and mortgage type.

From accepting an offer to completion, moving home often takes several weeks to a few months. Timescales depend on factors such as chains, mortgage approval, and legal progress.

In some situations, buyers may purchase a new property before selling their existing one, often using savings, bridging finance, or alternative arrangements. This approach carries additional risk and costs.

Home movers usually pay Stamp Duty on their new purchase, subject to current government thresholds and reliefs. Stamp Duty rules can change, so it’s important to check the latest guidance.