Porting Your Existing Mortgage
Some lenders let you transfer (“port”) your existing mortgage to your new property. This can save you money if you’re on a great fixed rate deal or want to avoid early repayment charges. However, porting isn’t always as straightforward as it sounds. You’ll still need to:
Pass another affordability check
Make sure your new property fits the lender’s criteria
Adjust your borrowing if the new property is more or less expensive
Ensure your current lender allows you to port your mortgage
Taking Out A New Mortgage
Sometimes, starting fresh works out more cost effective particularly if:
You’ve got no early repayment charges to worry about
There are better interest rates available
Your circumstances have changed, or
Your current lender’s options don’t suit your next move
How Much Can I Afford to Borrow in Hull?
Before you start browsing properties, it’s essential to know what you can afford both in terms of how much you can borrow and what your monthly payments will look like. Lenders assess affordability based on:
Your income (including salary, bonuses, or self-employment)
Your monthly commitments (loans, credit cards, childcare, etc.)
Your deposit or equity from your current home
Today’s interest rates and future "stress test" rates
At Green & Green, we can help you:
Calculate your borrowing potential
Work out how much deposit you’ll have after your sale
Include stamp duty, solicitor fees, and moving costs
Estimate your monthly repayments with realistic figures
Securing a mortgage in principle (MIP) early on avoids disappointment and helps you make confident choices. We fully recommend securing a Mortgage in Principle before you start viewing.
01. Initial Consultation
We’ll chat about your current mortgage, what your property’s worth, and what you’re planning next. We’ll calculate how much equity you’ll have after selling and estimate how much you can borrow for your new home giving you a clear budget range.
02. Financial Assessment & Mortgage Research
Next, we run the numbers and search across 80+ lenders to find the best mortgage options that fit your plans.
03. Mortgage in Principle
Once we’ve worked out your affordability, we’ll arrange your Mortgage in Principle (MIP). This gives you a clear budget when making offers and shows estate agents you’re a serious buyer.
04. Offer Accepted & Full Application
After your offer is accepted:
We re-check the market for the best deal for your purchase
Submit your full mortgage application
Liaise with the lender, estate agent, and solicitor on your behalf
Arrange any personal protection insurance you might need
05. Completion
Once your solicitor finalises the legal side, you get your keys. We’ll stay with you until that moment to make sure everything goes smoothly.
Why Use an Independent Mortgage Adviser in Hull?
Moving home can feel more complicated than buying your first — but that’s where having the right support makes all the difference. At Green & Green, we offer:
Access to 80+ mortgage lenders
End-to-end management of the whole process
Straightforward, tailored advice for your situation
Help coordinating your sale, purchase, and paperwork
Ongoing support whenever you need it
Our independence means we work for you, not the bank. We’ll always find the option that makes the most sense for your life, not just your loan. Discover more about the benefits of independent advice here.
FAQs — Home Mover Mortgages in Hull
Q: Can I transfer my mortgage when moving house in Hull?
Yes, many lenders allow you to port your current mortgage to a new property. You’ll still need to meet affordability checks, and the new property must fit your lender’s criteria. Your mortgage adviser can calculate whether it’s better to port or take out a new deal.
Q: How much can I borrow as a home mover?
It depends on your income, monthly expenses, credit score, and the equity in your current home. Most lenders offer around 4 – 4.5× your income, but this varies. Speaking with a mortgage broker gives you a reliable figure before you start viewing.
Q: Do I need a deposit when moving home?
Usually yes but the deposit usually comes from the equity in your existing property. If your home has risen in value or you’ve repaid a good chunk of your mortgage, that’s likely your deposit for your next house.
Q: When should I speak to a mortgage adviser in Hull?
Ideally before you start viewing properties. This way you’ll understand your budget, secure your Mortgage in Principle early, and avoid last-minute delays when you find “the one.” Talking to a Hull-based mortgage adviser early on makes the whole moving process faster, simpler, and far less stressful.
Get in Touch
Give us a call or drop us an email—whatever works best for you.
Have a Quick Chat
Speak with one of our friendly, experienced advisers to see how we can help - no pressure, no commitment.
Book Your Appointment
If it feels like the right fit, we’ll arrange a face-to-face or Teams meeting at a time that suits you.
We Do the Hard Work
Once we’ve got everything we need, we’ll search across a wide range of lenders and insurers to find the right solution for you.