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Porting a Mortgage: Understanding How Mortgage Portability Works
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Existing Nationwide borrowers Nationwide for Intermediaries
WebMar 2, 2024 · Porting your mortgage is when you transfer your existing mortgage deal to a different property. Technically speaking, your existing mortgage will be paid off with the proceeds when you sell your house, but you’d be moving onto a new one with the same lender, rates and terms. WebTypically, you will know if you're able to port your mortgage if you can confirm the following: • Your mortgage deal explicitly states you have the option to do so • Your lender confirms you are able to port your mortgage • Any introductory offer period (such as a two-year fixed rate) has finished WebTypically, you will know if you're able to port your mortgage if you can confirm the following: • Your mortgage deal explicitly states you have the option to do so • Your lender confirms … high court entry pass form