Assuming you can take it with you, should you?
It is certainly worth talking to your existing lender and finding out what options they have available to you. Often though, moving house presents an opportunity to consider new and potentially better deals.
There are a number of things to consider in this scenario:
If you’re in an existing mortgage deal there may be penalties for early repayment. The penalties may vary depending on your lender, your deal, and how long you have been in the existing deal.
Leaving aside penalty payments, you’ll probably find there are ‘exit fees’ payable in any case. Check with your lender what these are.
If you enter a new deal, either with your existing provider or with a new one, there are usually arrangement fees to be taken into consideration. These are usually added to the mortgage so check the headline rates offered - these will take them into account.
We mentioned the lenders attitude to risk may have changed already but what of your situation? Not least, it might be a good idea to check your credit scores with the rating agencies and make sure your credit looks as good as it can before you apply.