If you currently have a mortgage for an existing home and are planning to move house, we can help you find the right mortgage for your new home.
If you need a mortgage for a new home you’re in the right place.
Moving house? Our expert team at Octagon Finance is here to guide you through every step of your journey, from checking your eligibility to final completion. As your independent broker, we make your move smoother by:
Ready to move forward?
An Agreement in Principle (AIP) provides a fast and customised calculation of your potential borrowing capacity for purchasing a home.
Sharing an AIP with sellers or estate agents proves you have the financial backing to make a serious offer.
Once we have the documentation mentioned below, we can provide your AIP usually within a day.
Come and speak to us at Octagon Finance, 3 Mulcaster Street, St Helier, give us a call on 01534 744900, or Get in touch using the link below.
Documentation required:
Set up a consultation with Octagon Finance to discuss your plans for moving house and purchasing a new home. Paul is ready to walk you through the entire mortgage journey and offer specialist guidance at every stage.
How much could you borrow as a First-time buyer? Get a quick estimate of what your mortgage could look like and start getting a feel for your options.
Got questions? We’ve got answers.
Home Mover mortgages are often referred to in different terms such as Moving House and Existing Homeowner Mortgages. Essentially if you have a home with a mortgage and you're looking to move to a new home, you'll need to secure a mortgage for the new property and transition over.
You may want to use your current mortgage lender or look at other options in the market. Octagon Finance can help you understand your options and support you through the process.
Contact OctagonAn Agreement in Principle (AIP) also called a Decision in Principle, Mortgage in Principle, or mortgage promise, is an initial, tailored calculation indicating how much a lender will allow you to borrow to buy or remortgage a property.
Securing an AIP prior to scheduling house viewings proves your financial credibility to estate agents and sellers, giving you the confidence to set a realistic budget and make serious offers.
At Octagon Finance, we can evaluate your figures and deliver an AIP within a single day. Simply get in touch with 3 months of recent payslips or 2 years of verified trading accounts if you are self-employed.
A fixed-rate mortgage locks in your interest rate, ensuring your monthly payments stay identical throughout your agreed term.
In contrast, a tracker mortgage moves in tandem with the Bank of England base rate—meaning your monthly commitment will adjust whenever the official rate changes. Once your tracker period ends, your mortgage generally transitions onto the lender's Standard Variable Rate (SVR).
Overpaying means putting extra money toward your mortgage balance beyond your required monthly repayments and this will reduce the total capital owed.
Most fixed-rate mortgages permit you to overpay up to 10% of your remaining balance per year without paying any penalties, though exceeding your allowance can incur an Early Repayment Charge (ERC). If you hold a tracker or Standard Variable Rate product, you can usually overpay unlimited amounts penalty-free. Always confirm your specific annual allowance with your mortgage provider before making extra payments.
