Check the existing deal before choosing the next one
A portable rate still requires a fresh lender assessment. Extra borrowing may sit on a different product, leaving two balances with different end dates. We compare that arrangement with the cost of leaving the lender and building one new loan.
How I approach the case
We begin with what you want to achieve, your timescale and any part of the case that needs explaining. I review the evidence and suitable lender routes, then explain the available options and their costs. A recommendation follows the individual assessment; an initial conversation does not commit you to an application.
Where legal, tax or other specialist advice is needed, we identify it early so the finance fits the wider transaction. Tell me about any change in employment, borrowing, deposit or property details before proceeding.
What to prepare
- Current mortgage statement
- Product end date and early repayment charges
- Expected sale price and purchase budget
- Any extra borrowing required
You do not need every document before saying hello. Start with a short outline; detailed or sensitive records should follow through an agreed secure route.
Porting is not automatic. Early repayment charges, sale timing and any gap between sale and purchase can change the outcome.
Your questions, answered
What should I budget for beyond the deposit?
Build a separate allowance for legal work, a survey, any property tax, moving and immediate repairs. Then consider the monthly mortgage alongside bills, insurance and existing commitments. A budget with some room left over is more useful than a purchase price on its own.
How do we compare mortgage options?
We consider the amount borrowed, the term, repayment method, initial rate period, fees and flexibility together. Tell me if you expect to move, make overpayments or change your working pattern. A lower initial payment does not, by itself, establish that a mortgage is the right fit.
What can change between our first conversation and completion?
A different purchase price, property issue, change in income or new borrowing can affect the assessment. Keep me informed before making a commitment. A lender’s initial indication is followed by its full checks, valuation and offer conditions.
Further reading: MoneyHelper: mortgages and homebuying. Content reviewed 9 September 2026. General information; availability depends on the individual case.