Transfer your mortgages (also known as porting) - porting your mortgage means you are taking your current mortgage with you to the new property. Most mortgage lenders allow you to port your mortgages; however, you should check whether that would be the best option for you.
2. Remortgage with current mortgage provider – you have an option to get a new mortgage with your current lender which might offer you better rates. You should also consider any extra costs, such as an early repayment fee. Early repayment fees can vary from 1 to 5% of the outstanding mortgage balance.
3. Get a mortgage with a new lender – you also have an option to find and arrange a mortgage with another lender which can be beneficial if your house prices have gone up since you bought the house. The new mortgage will come with its fees, such as legal and product related fees.