Moving Home Mortgage in Oxford
Why choose us for a moving home mortgage in Oxford?
Whether your current deal is coming to an end or you're looking to release equity, remortgaging at the right time with the right lender can save you a significant amount of money. At Mortgage Genie, we do the legwork for you — searching the market, handling the paperwork and making sure you're never left sitting on an expensive standard variable rate.
- We search deals from a wide panel of high-street lenders, challenger banks and specialist providers.
- Our advice is tailored to your situation, whether you're looking to cut your monthly payments, release equity or consolidate debt.
- No hidden fees. We're upfront about what we charge from the very beginning.
- We help homeowners across Oxford, Oxfordshire and the wider UK.
Get in touch and let's see what we can do for you.
What to bring to your first appointment
Moving home involves more moving parts than a straightforward purchase — but we'll make sure you know exactly where you stand from the start.
To get the most from your first conversation, it helps to have the following to hand:
- ✓ Details of your current mortgage — outstanding balance, remaining term and current rate
- ✓ An estimate of your current property's value and the price of the property you're looking to buy
- ✓ Your latest payslips or, if self-employed, your most recent SA302 and accounts
- ✓ Three months of bank statements
- ✓ Photo ID (passport or driving licence)
Not sure where to start? Get in touch and we'll take it from there.
Frequently asked questions
Can I take my existing mortgage with me when I move?
Possibly — this is called porting your mortgage. Most lenders allow it in principle, but you'll still need to pass their affordability checks on the new property. If you're borrowing more, the additional amount will be on a new deal alongside your existing one.
Worth knowing: Porting isn't always the best option even if it's available. We'll compare what your current lender is offering against the rest of the market to make sure you're actually getting a good deal.
What if my new home costs more than my current one?
If you're upsizing, you'll likely need to borrow more. How this works depends on whether you're porting your existing mortgage or taking out a new one entirely. If porting, the top-up amount will usually be on a separate deal with its own rate and term. If taking a new mortgage, everything is consolidated into one product.
Good to know: The equity you've built up in your current home acts as your deposit on the new one. The more equity you have, the better the rates you're likely to access.
What if I'm downsizing?
If you're moving to a cheaper property, you may be able to pay off part or all of your mortgage using the proceeds from your sale. If your current deal has an early repayment charge, we'll factor that into the calculations to make sure you're not caught out. In some cases it's worth waiting until your deal expires before completing the move.
What happens if my sale and purchase don't complete on the same day?
This is more common than people think. The options available to you depend on your situation:
| Scenario | What typically happens |
|---|---|
| Sale completes first | You may need temporary accommodation while you wait for your purchase to go through |
| Purchase completes first | A bridging loan can cover the gap — short-term finance secured against one or both properties |
| Chain breaks down | We can help you reassess your options quickly and find the most practical route forward |
Good to know: Bridging finance can be arranged quickly when needed. Get in touch if you're in this situation and we'll talk through your options.
Will my early repayment charge apply if I move home?
It depends on your lender and whether you're porting your mortgage. If you port, most lenders waive the early repayment charge as you're technically keeping the same mortgage. If you're switching lenders, the charge will usually apply — so it's important to factor this into the overall cost before making a decision.
Example: An early repayment charge of 2% on a £300,000 mortgage is £6,000. In some cases it's still worth paying to access a significantly better rate — but we'll always crunch the numbers with you first.
What other costs do I need to budget for?
Moving home comes with a few more costs than a first purchase. The main ones to plan for are:
- Solicitor fees — typically £1,500–£2,500 covering both the sale and purchase
- Stamp Duty — payable on the purchase price above £250,000 for existing homeowners
- Estate agent fees — usually 1–3% of your sale price
- Mortgage adviser fee — we'll be upfront about this from the start
- Early repayment charge — if applicable on your current deal
- Removal costs — worth getting quotes early, particularly for larger moves
- Buildings insurance — required from exchange of contracts on your new property
Ready to get started?
Whether you've already found your next home or you're just starting to think about the move, the sooner we speak the more options you'll have. Get in touch and let's have a chat.
Contact Mortgage Broker Oxford today