Moving home

Helping you move to your next home

Whether you have a mortgage with us already or you’re new to Tesco Bank, you can rely on our help and expertise to make sure things go as smoothly as possible with the right mortgage for your move.

Take the next step

How much could you borrow?

The first step to finding a new home is getting the answer to that all important question – how much could I borrow? There’s no need for guesswork. Our quick mortgage calculator will work it out for you.

Think about your next home

Whether you want space to grow your family or move to a more suitable home for your needs, it’s important to think about exactly what you want to get out of the property. Does it need to be near a school? What is the commuting distance like? Or maybe you want to downsize.

A quick recap on mortgages

If it’s been a while since you last applied for a mortgage, here’s a helpful refresher.

At Tesco Bank we could offer you a 2, 3 or 5 year fixed rate mortgage, meaning you will have the certainty of knowing that your monthly repayments will stay the same during your initial rate period.

We offer a variety of fixed rates with and without product fees and some of our products may offer free valuations, free standard legal fees or cashback.

Our UK-based Mortgage team are here to help answer your questions and can provide you with free advice on Tesco Bank Mortgages. We are open 8am to 9pm on weekdays and 9am to 4pm on Saturdays. To speak to someone please call 0345 217 2050.

You can also learn more about our fixed rate mortgages and the current rates available below.

Work out your finances

Find out what your monthly repayments might be

Even with some savings and equity, you might still need to borrow. Find out what monthly repayments you could afford, and the types of mortgage available for the amount you want to borrow.

Discover how far your equity will take you

Depending on what you’re looking for, your next property might cost more (or less) than your current one, so arrange a valuation of your current home. What your home’s worth now may come as a welcome surprise. You might have built up some equity, which means you can borrow less on your new mortgage.

Remember to factor in other expenses

As well as a mortgage from Tesco Bank and removal charges, there are other expenses you need to bear in mind when you’re planning to move. You’ll also have to meet the cost of legal fees, stamp duty, local authority searches, land registry, and potential lenders’ charges. The cost of switching your mortgage can vary depending on the mortgage you choose, the amount you borrow and the current value of your home.

Use our income and expenditure form to help you work out your finances.

If you are self-employed your accountant can use our accountant's certificate to document your income.

When you begin your application, whether it's online or over the phone, have all the information you need to hand.

The A-Z of mortgage jargon

If it’s been a while since you moved, you might not remember all the terminology. We’ve put together a list of the most common terms to make it easier to understand the language of lending – so you’ll be fluent again in no time.

An iPad and other objects on a desk

Find your new home

A guitar wrapped in bubble-wrap and some packing boxes

Get the home you really want

When you’re viewing lots of properties it can be hard to remember every little detail of the questions you want to ask. To help take the pressure off, we’ve put together a guide to home viewings and the kind of questions people commonly ask.

Get a quote and apply for a decision in principle

If you know the valuation of the property you want to buy, it’s time to apply for your decision in principle. When you begin your application, whether it’s online or over the phone, make sure you have all the information you need to hand.

Prepare for your decision in principle

Why not take a look and complete our Income and Expenditure form to help you prepare for your decision in principle?

Couple discussing house purchase

Your Offer in Principle

Couple checking paperwork

Once you’ve submitted your mortgage application, you’ll be asked to verify the information you’ve provided so you’ll usually have to give us proof of your identity, evidence of your income and outgoings, bank statements and details of the property.

If you are self-employed your accountant can use our accountant’s certificate to document your income.

Your Formal Offer

Before we can send you a Formal Mortgage Offer (which you must read, sign and send back to us) we will need to carry out a valuation of the property you wish to buy and your solicitor will begin handling the legal work of your purchase.

Arrange a valuation

A valuation (or Home report in Scotland) may be required at this stage to understand the condition of the property, the value and to ensure the property you want to buy meets our lending criteria.

Choosing the right professionals

Your solicitor or conveyancer will handle all the legal aspects when you buy a home, for example transferring the title of a property from the seller to the buyer and carrying out searches to make sure there are no restrictions that could affect the property.

If you don’t have a solicitor or conveyancer in mind already for your home purchase, we can refer you to LMS, a company which specialise in sourcing law firms for conveyancing transactions. 

Couple decorating house

Make the final preparations

A globe on a white sideboard

You’ve exchanged contracts and got a date for completion. But there’s a lot to organise before the removal van arrives. You need to let people and organisations know you’re moving and it can be hard to keep track of who you’ve told and who you need to tell. To make life easier, we’ve done some of the work for you with our Home Movers’ Checklist. It’s a list of everyone you need to notify and has some handy links to the websites of the organisations who really need to know your new address.

You’ll also need to arrange insurance before you move into your new home. At Tesco Bank, we offer insurance to protect your home contents or buildings or both. Check out how we can help you protect what matters most.

Finally, don’t forget to keep in touch. Even after your move you can talk to us about any aspect of your mortgage at any time. We’re always here to help.

Ready to apply?

Contact us - we're here to help

Need a few questions answered? Want to chat rather than scroll? Our UK-based teams are here to talk to you six days a week. Lines are open Monday to Friday 8am-9pm and Saturday 9am-4pm.

Call 0345 217 2050* to chat about new policies.

* These numbers may be included as part of any inclusive call minutes provided by your phone operator.