PORTING MORTGAGES WHEN MOVING HOME
Moving home is an exciting time but there is always a lot that needs to be organised to make your house move happen. Budgeting the costs of moving, selling your own home, finding your next one and of course arranging your mortgage. We’re always looking for ways to make such a busy time as easy as possible and you can find helpful hints and tips on our Saffron Focus page. On Saffron Focus you’ll be able to read about how to make house moves more affordable and information on the costs involved in buying a new home. There are lots of other helpful articles too.
Below you’ll be able to find support in relation to your mortgage and your options when moving and looking to port your mortgage. It all depends on whether you want to keep your mortgage the same, reduce its size or borrow more.
What else you should know
Please be aware that on occasions there may be an early repayment charge. This depends entirely on the terms of the existing mortgage; some carry an early repayment charge while others do not. It’s best to speak to us so we can double check.
You also need to think about valuation fees for your next home. If your existing mortgage deal is being transferred to a new property, we'll need to carry out a valuation of the new property, just as we would for a new mortgage application. You can read more on the valuation fees section of our website site or simply give us a call.
Your home may be repossessed if you do not keep up repayments on your mortgage