Porting Your Mortgage
Moving home doesn't always mean you have to give up your current mortgage rate. Learn how to transfer your existing deal to your new property.
What does it mean to 'port' a mortgage?
Porting a mortgage simply means transferring your current mortgage deal - including the interest rate, terms, and conditions - from your existing property to a new one when you move.
How Porting Works in Practice
Borrowing the Same Amount
If you are moving to a house of similar value, you simply transfer your current balance and rate over. You will still need to pass the lender's affordability and credit checks.
Borrowing More (Top-Up)
If you're upgrading, you can port your existing balance on its current rate, but you'll need to borrow the extra amount on a new, separate mortgage product from the same lender.
The Porting Process
Taking your current mortgage to a new home involves a specific set of steps.
Check Portability
We review your current mortgage contract to confirm your deal is 'portable'.
New Home Affordability
We calculate if your current mortgage plus any additional borrowing is affordable.
Full Re-application
Even though you're staying with the same lender, you must re-apply and pass current criteria.
Simultaneous Completion
We coordinate with your solicitor to ensure your sale and purchase complete on the same day.