Remortgage then move home?

PowerHandle

Hi, 

I'm coming to the end of my current mortgage deal and I don't wish to go onto the lender's SVR as it'll take my mortgage from £1280 to £1950 a month. I've got a couple of AIPs from high street lenders, both of which leave me slightly better off per month. 

However, I also want to move house soon and I'm not sure whether I'd be better off just taking a few months at the SVR rate then applying for a new mortgage on the new property, or whether I'd be ok to just pay one set of fees to remortgage, ensuring the product is portable, and then go through another application when I want to move house and pay another set of fees to do so. I don't particularly want to hang around in terms of moving house as I'd like to catch prices before they rise again.

Anybody been in this situation or have any advice?

Thanks in advance.

kingstreet

Does your existing lender have any ERC-free tracker products?

If not, remortgage to an ERC-free tracker with a new lender. You should be able to get legal costs etc covered so it's cost free.

Finally, worst case scenario gamble on the lender you choose for a fix being the right lender for a port when you move.

Either way, best advice anyone could give you is speak to a  decent broker and establish all your options based on your actual circumstances.