• Move your existing mortgage to your new home, with no Early Repayment Charge (ERC). You can also borrow more with one of our home mover deals
• Switch your current mortgage onto a new rate from our home mover range (and borrow more if you need to). For this option, you need to be out of your promotional period to avoid paying an ERC, or be happy to pay it.

When transferring your mortgage to your new home, it’s important to remember the following:

• We need your signed application for your new mortgage before you pay off your current one
• Unless your sale and purchase happen on the same day, you’ll have to pay any applicable ERC on your current mortgage
• To get a refund of any ERC you’ve paid, you must complete on the purchase of your new property within 3 months of selling your current home
• If you don’t complete within the 3 months, you won’t get a refund of any ERC paid. You’ll also have to choose a brand new mortgage deal. There may be restrictions that apply.

See our FAQs for more information.

As part of the application process, we’ll ask you to confirm:

• Your income
• Details of the new home you’re looking to purchase
• Details of your current financial commitments (including outstanding amounts and monthly payments).

It’s worth having these details to hand before you speak to us. Our advice service is free to use.

*Calls are recorded for training and monitoring purposes. Lines are open 9am– 5pm Monday to Friday. 03 calls cost no more than calls to geographic numbers (01 or 02). Calls from landlines and mobiles are included in free call packages.

Thinking of moving home and borrowing more? Use our simple calculator to get an idea of how much more your monthly payment would be.

• Can I move my mortgage rate to my new property?

  Yes, subject to the terms and conditions in your mortgage Offer. Any new application will need to meet our lending criteria.
• Do I have to move my existing mortgage?

  Not at all – it’s totally your decision. But remember, you may have to pay the ERC that applies if you’re within your promotional period. Your options explained has more detail.
• What if I apply to move my mortgage and it doesn't meet your policy?

  You can leave things as they are or talk to an independent financial adviser about what you can do. You’ll have to pay any ERC and fees due if you pay off your mortgage with us and take out a new one with a different lender.
• What charges will apply if I move my mortgage?

  A new account is set up when you move your mortgage to a new property. We charge a lending fee for this, although you’ll pay this when you pay off your mortgage in full. You’ll have to pay for solicitor costs, a valuation fee, and Stamp Duty Land Tax (SDLT) too.

  You may have to pay a mortgage release fee to close your existing account. Your solicitor will let you know if you need to pay this.
• What is an Early Repayment Charge (ERC) waiver form and when will you send it?

  An ERC waiver form is a document which must be fully completed if:

  • Your mortgage interest rate is fixed
  • You're buying your new property within three months of selling your current one.

  Having this form means you won’t be charged an ERC, or you’ll pay the ERC but it will be refunded. This depends on when you move your mortgage and sell your current property. See points one and two under What are my options.

  We'll send the form to your solicitor if your mortgage is approved. You should make sure they send us the form at least one week before you buy your new property. They can visit our solicitors page for details or to get a new copy.
• How do I get an Early Repayment Charge Waiver Form?

  The form will be sent to your solicitor/licenced conveyancer with their Offer pack. They can visit our dedicated solicitors page for further details or if they need a replacement.
• What if I can’t move my mortgage to the new property and sell my current one on the same day?

  You can apply using our Non-Simultaneous Porting Policy. This means:

  • We must have your application before you sell your current property
  • You’ll need to pay any ERC and fees that are due
  • You’ll have three months to buy a new property from the time you sell your current one
  • Your ERC will be refunded within 20 working days if you buy your new property within the three-month period.
• What if I can’t move my mortgage to the new property and sell my current one within the three-month period?

  You won’t have a refund of any ERC paid. You’ll also lose your existing rate and will have to choose a new mortgage deal.
• What if I want a lower mortgage on my new property?

  You can move any amount of your existing mortgage to the new property as long as your request meets our lending policy and Loan to Value.

  If your mortgage is on a fixed interest rate, you’ll have to pay an ERC on the amount that’s left. You’ll pay the ERC when you sell your current property.

  Example - Your existing mortgage is £100,000 with an ERC of 2%. You’re moving £90,000 to your new property. You’ll pay 2% on the £10,000 left over, which means you’ll pay an ERC of £200.
• How much of my mortgage can I move, and can I move it more than once?

  You can move your mortgage as many times as you want if your loan is £1,500 or more. Everyone named on the mortgage and the new property must meet our lending policy when you apply.
• Can I transfer my interest rate more than once?

  Yes, you could transfer your mortgage rate more than once. Again, this would be subject to the terms and conditions in your mortgage Offer and meeting our lending criteria.
• Can I move my residential mortgage on to a rental property or my Buy to Let mortgage on to my residential property?

  No, as both types of mortgages have different risks and conditions to meet. You must use your property according to the type of mortgage you have on it i.e. if you have a:

  • Residential mortgage you must live in the property
  • Buy to Let mortgage, you must let out the property.

  However, if you wish to change the type of mortgage you have on your property, you can apply for a new one. For example, if you want to move into your rental property, you can apply to switch your Buy to Let mortgage to a residential mortgage. Your application and property must meet our lending policy for the mortgage type, and fees may apply. You’ll also have to pay the ERC if your current mortgage is on a fixed rate.
• Will my new mortgage payment match what I pay now after I move my mortgage balance?

  You may find there’s a small difference. This could be due to:

  • When in the month your new mortgage starts
  • Whether you round the length of your mortgage up or down
  • Your interest being calculated differently e.g. from a monthly to daily basis.