Home Mover Mortgages

Mortgage Porting for Home Movers 

Helping Home Movers with their Mortgage usually means Mortgage Porting. This is transferring an existing mortgage from one property to another and sometimes topping it up to cover additional borrowing for a new purchase.   If you are thinking about moving to a more expensive property then potentially you’ll need to borrow more. How much more can you borrow? How does additional borrowing work with your existing mortgage? How much will the new mortgage cost every month? These are all questions you’re going to want the answers to.

Can I transfer my existing mortgage, will I incur penalties?

Porting an existing mortgage to a new property to retain a good interest rate whilst not incurring any early repayment charges is a common scenario, however it is not straight forward and best navigated with the help of an experienced advisor who can do this on your behalf.

Can I port my mortgage and borrow more?

Mortgage porting and adding increased borrowing will be subject to a number of conditions including passing an affordability calculation. Our advisors can take you through the affordability calculations of your specific lender and make the porting and increased mortgage borrowing application on your behalf.

Should I port my mortgage or take out a new mortgage?

As whole of market mortgage advisers we are able to offer home movers a service which includes either porting an existing mortgage product (and topping it up if necessary) or searching across the market for a new mortgage product. We will weigh up the costs and benefits of either porting or paying off the existing mortgage and starting with a new one.

Using a mortgage advisor

Calculating the cost and process of borrowing to support a move requires professional guidance. Porting finance, increasing borrowing and costing any potential penalties are just some of the considerations that our advisers will be able to work through with you – fee free.

Book a mortgage advice meeting.

Please make an appointment and we’ll go through everything with you – once we know what your requirements are we can search the mortgage market to get you a great deal. Don’t forget there is no charge for your initial mortgage consultation and absolutely no obligation to proceed.

Your home may be repossessed if you do not keep up repayments on your mortgage.