Can You Sell a Home That Still Has a Mortgage? Absolutely.
Most homeowners buy with a mortgage and many move again long before that mortgage term ends. Whether your plans have changed, your family has grown, or you’re ready for a new chapter, selling a mortgaged home is very common and completely possible.
The key is understanding the figures and knowing your options before you make any decisions.
Start with the Numbers - Your first step is to check your mortgage terms. Some lenders apply an early repayment charge if you’re still within a fixed or discounted period, and this can sometimes be around 3–5% of the balance remaining. It’s also worth requesting a settlement figure so you know exactly what’s owed.
This gives you a clear picture of what you’ll walk away with once your mortgage is repaid, helping you plan your next move with confidence.
Let Your Lender Know - Once you’re confident you’d like to sell, it’s important to speak with your lender. This opens the door to options such as porting your mortgage, transferring your existing deal to a new property, which can sometimes save money and avoid early repayment charges.
Porting does usually involve a new affordability assessment and a valuation on your next home, but if approved, you may be able to keep your current interest rate and mortgage terms.
What Happens When You Sell? - When your sale completes, your solicitor will arrange for your mortgage to be repaid directly from the sale proceeds, including any applicable fees. If you’re moving to a new lender, a new mortgage will then be set up for your next home, unless you’ve chosen to port your existing deal.
Get the Right Advice Early - Every mortgage, and every move is different. Understanding what’s possible early on can save time, reduce stress and help you make confident decisions.
That’s where our Mortgage Services Team can really help. They’ll talk you through your options clearly and personally, whether you’re moving home, remortgaging, buying your first property or exploring buy-to-let.
✔️ Understand your affordability
✔️ Explore porting and remortgage options
✔️ Access a wide range of lenders and products
✔️ Feel confident about your next step
If you’re thinking about selling and moving, start with a conversation.
👉 Speak to our Mortgage Services team today for friendly advice.
👉 Or get in touch with your local Perry Bishop office to begin planning your next move.
Property made personal, helping you move confidently into your next chapter.