Remortgage & Home Mover FAQs

Whether you’re looking to remortgage your current property or move to a new home, there are often lots of questions. Check out our most common Remortgage and Home Mover FAQs.

At LTC Mortgages, we guide you through every step with clear, expert advice. Here are answers to the most frequently asked questions.

Top 6 Remortgage and Home Mover FAQs

1. What is a remortgage?

A remortgage is when you switch your existing mortgage to a new lender or product. Homeowners remortgage for several reasons:

To secure a better interest rate
To raise money for home improvements or other purposes
To consolidate debt
To change the mortgage term or type

If your current deal is ending, it’s a great time to explore your options before being moved to a lender’s higher standard variable rate (SVR).

2. Can I port my mortgage to a new property?

Many lenders offer “mortgage porting,” which lets you transfer your existing mortgage deal to a new property. However, the process still requires a full mortgage application and approval. If you’re upsizing, you may need to borrow additional funds, which could come with a different rate.

3. When should I start the remortgage process?

Ideally, you should begin looking at new deals three to six months before your current one ends. This gives you time to:

Lock in a new rate early
Avoid lapsing onto a higher SVR
Arrange legal and valuation processes smoothly

Our team can help you compare deals from various lenders and secure a new product in advance.

4. How much can I borrow when moving house?

The amount you can borrow depends on factors such as:

Income and outgoings
Existing equity in your home
Credit history
Affordability calculations

If you’re selling your current home to buy a new one, the equity from your sale plays a big role in how much you can borrow.

5. What costs are involved when remortgaging or moving?

Be prepared for some of the following expenses:

Mortgage arrangement fees
Legal/conveyancing fees
Property valuations
Early repayment charges (if applicable)
Stamp Duty (for purchases)
Estate agent fees (for sales)

Some remortgage products come with free valuations or legal services. We’ll help you find deals that reduce upfront costs.

6. Should I use a mortgage broker?

Yes. A mortgage broker searches across various lenders to find deals tailored to your circumstances. At LTC Mortgages, we:

Compare deals across the market
Offer access to exclusive broker-only products
Guide you through complex affordability criteria
Handle paperwork and liaise with lenders on your behalf

Our aim is to save you time, stress, and money.

Thinking of Remortgaging or Moving Home?

Let us help. Whether you’re searching for a better rate or planning your next home move, our team of independent advisers is here to support you with professional, friendly advice.

Get Started Today — Request Your Free Mortgage Quote.

Click the link below to book your free, a no-obligation chat or give us a call on 0151 662 0188 to speak with one of our Liverpool-based mortgage advisers.

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Think carefully before securing existing debt against your home. Your property may be repossessed if you don’t keep up with your repayments on your mortgage.