If you want to move to a new property that's cheaper than your current home you might be able to take your existing mortgage deal with you (port, in other words) ...

26 авг. 2019 г. · If porting is an option, you will still need to reapply for your current deal using the details of the property you intend to move to.

Again, you'll have to undergo your lender's affordability checks, even though the house is cheaper. You'll have to pay some fees too.

23 нояб. 2023 г. · If you're buying a more expensive home, it may be possible to port your mortgage and borrow more, up to the maximum mortgage amount you're ... How does porting a mortgage... · How to port a mortgage

If you don't need to borrow any more money for your new home - for example, if you're downsizing or buying in a cheaper area - then porting your mortgage could ...

18 мар. 2024 г. · Porting a mortgage involves transferring your existing mortgage to a new property while retaining the same terms and conditions.

Moving to a cheaper property. Porting your mortgage to a cheaper property can be straightforward because you're not applying to borrow more money. Despite ... Why port your mortgage? · Mortgage porting calculator

25 июл. 2024 г. · If you're downsizing or moving to a cheaper area, porting your mortgage might seem like a simpler option. The problem here is if the Loan to ...

Can I port my mortgage to a cheaper property? This will depend on your lender. Even if the property is cheaper, you'll still need to go through an ...

If you move your mortgage deal to a cheaper property you will still have to meet the same product terms. Your new loan-to-value must not exceed your current one ...