If you’ve got an existing mortgage on your property but are looking to move home, you may be able to ‘port’ your mortgage This means that you effectively move your existing mortgage over to the new property with you when you move. This keeps you on the same terms and conditions as your existing mortgage, whilst simply transferring the mortgage on to the new property.
This process is beneficial as it allows you to avoid early repayment charges and, if you’re on a good rate, means you can usually keep the same interest rates (although be aware that if the value of your new property requires a larger mortgage, you may have to pay higher rates on the excess or take out a second mortgage to cover this).
I can't port my mortgage, what are my options?
Why can’t I port my mortgage?
Credit checks & change of circumstances
I can’t port, what do I do?
Replace your mortgage
Remortgaging or switching mortgage lenders
Getting a new mortgage
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