Selling and Buying at the Same Time: A Clear Guide for Home Movers

Moving home is an exciting step – but when you’re both selling your current property and purchasing a new one, the process can feel overwhelming. Timing, finance, and logistics all need to line up, and it’s easy to get stuck in the detail.

At Mortgage321, we help clients every day who are navigating this exact journey. With the right plan, you can make the move smoothly and with confidence.

Step 1: Understand Your Current Mortgage

Before you put your home on the market, it’s important to check:

• Early Repayment Charges (ERCs): Will you face fees for paying off your mortgage early?
  
• Porting Options: Can you transfer (“port”) your existing mortgage to your new property?
  
• Remaining Balance & Equity: How much equity will you release from your sale to use as your deposit?

Mortgage321 will review your existing deal and explain the pros and cons of keeping it, porting it, or switching to a new mortgage.

Step 2: Work Out Your Affordability

Selling gives you access to equity – but affordability still plays a key role in your new mortgage. Lenders will look at your income, commitments, and credit profile. We’ll help you understand:

• How much you can realistically borrow
  
• What your new monthly payments will look like
  
• How stamp duty, legal costs, and moving expenses fit into your budget
  

This way, you’ll know exactly where you stand before you commit to an offer on your next home.

Step 3: Plan for Timing Gaps

In an ideal world, your sale and purchase would complete on the same day. In reality, chains can break or timelines may not align.

Mortgage321 can help you explore solutions such as:

• Bridging Finance: A short-term loan to cover the gap between sale and purchase.
  
• Let-to-Buy: Letting out your current home and purchasing a new one if selling immediately isn’t right for you.

With flexible finance options, you won’t feel pressured into rushed decisions.

Step 4: Keep the Process Moving

We coordinate closely with your solicitor, estate agent, and lender to keep everything on track. Our aim is to:

• Avoid unnecessary delays
  
• Keep you updated at every stage
  
• Provide options if circumstances change

Why Clients Trust Mortgage321

• Independent, whole-of-market advice
  
• Specialist knowledge of complex and non-standard cases
  
• Over 30 years of mortgage expertise
  
• Personal, one-to-one support from start to finish
  

We don’t just arrange mortgages – we solve problems, anticipate challenges, and give you peace of mind throughout your move.

Thinking of Selling and Buying? Let’s Talk.

Whether you’re upsizing, downsizing, or simply relocating, Mortgage321 can help you structure your sale and purchase in the smartest way possible.

📞 Call us on 0800 612 8292
✉ Email [email protected]
🌐 Visit www.mortgage321.co.uk 

Mortgage321 – your trusted partner for moving home with clarity and confidence.