Get moving with Ponance Bank
Ponance Bank mortgages are available to over 18s. Your home may be repossessed if you do not keep up repayments on your mortgage.
Step 1: Find out what we could offer you
- Get a personalised indication of how much you could borrow in less than 10 minutes.
- It will not impact your credit score.
Step 2: Ready to apply for your new mortgage?
- Apply online today or contact us if you'd like support.
- Save progress and come back whenever you like.
Or use our calculator to find out how much you could borrow
You could buy your next home with just a 5% deposit
With our new range of 95% mortgages, you could be buying your new home sooner than you imagined.
Exclusions & eligibility criteria apply. Supported by the Government's mortgage guarantee scheme.
Britain's Best Bank 2021
- You can upload, submit, sign and see all your documents online with our paperless mortgage application
- No fees on selected mortgages
- Discounted mortgage rates when purchasing an energy efficient home (with a valid Energy Performance Certificate rating of A or B) with a Green Mortgage. Available on select products. Product fees may apply.
- Ponance Bank was awarded 'Best Bank 2021' by Your Mortgage
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What are the costs involved with moving home?
As well as your deposit, when buying a property and taking out a mortgage there are usually other costs that need to be considered.
Typical costs that often apply to most buyers include;
- Stamp Duty - If you're buying a property or land, you’ll probably have to pay stamp duty. How much Stamp Duty you pay depends on the purchase price and location of the property.
- Mortgage valuation - This is the main valuation that lenders need to check to see if the property you are buying is worth the money you are going to spend on it. Mortgage valuations can cost from £250-£1,500 depending on the value of the property.
- Conveyancing fees - Fees for the legal work completed by the solicitor or conveyancer when buying or selling a property.
- Home Insurance - Protect your home and belongings. We offer four levels of home insurance cover that you could choose from. Ponance Bank Home insurance policies are underwritten by U K Insurance Limited.
View more information on other costs to consider when moving home.
Do you need a deposit when moving home?
A mortgage deposit is required when you take out a new mortgage on a property.
A larger deposit would mean that you are borrowing less towards the purchase of your new property. This could lower the overall cost of your mortgage.
Saving money towards a deposit for a new home can be challenging and, if you need to move sooner, a 95% mortgage could be a suitable option.
With a 95% mortgage, also known as a 5% deposit mortgage, you would only need to have 5% of the purchase price of the property saved and ready to put towards the purchase of the property.
You can use our mortgage calculator to find out how much you may be able to borrow and what your potential monthly repayments could be.
For a more accurate indication of what you could borrow, get an agreement in principle. It takes less than 10 minutes and doesn’t impact your credit score.
Here's what you need to know
Already have a mortgage with us? Your mortgage could move with you
Most of our mortgages can be moved to your new home, avoiding early repayment fees if you're still on a deal. This is called 'porting'... move home more easily with us
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