Start with the sequence
Map the current mortgage, likely sale proceeds, purchase budget, sale and purchase dates, and the point at which each condition becomes binding. A move is a linked sale, lending, contract, and settlement plan.
Choose the funding path
Compare selling first, aligning settlements, a sale-of-another-home condition, portable or substituted security, and bridging finance. Each route moves timing, contract, valuation, and interest risk to a different place.
Test the downside
Use a lower realistic sale price, a longer marketing period, sale costs, a lower new-property valuation, overlapping repayments, and a delayed settlement. Net sale proceeds—not the listing price—reduce the old debt.
Keep the handoffs visible
The lender, lawyer or conveyancer, real-estate agent, insurer, and buyer or seller each control different evidence and deadlines. Record who must act, what is confirmed in writing, and what happens if a date moves.
Evidence categories to organise
- Current mortgage payout and fixed-term dates
- Net sale-proceeds estimate
- New lending and valuation
- Sale and purchase conditions
- Overlap interest and ownership costs
- Fallback if the sale is delayed
This guide is general information only. MoreGage does not provide regulated financial advice, a lending assessment, approval, or an offer.