Porting your mortgage

On the move? Don't forget to pack your mortgage too.

What is porting your mortgage?

Porting simply means moving your existing mortgage rate to a new mortgage. You might do this when moving house. 

 

These are some of the most common porting situations:

 

I need to borrow more…

If you’re moving house and need to borrow more than your existing mortgage, you’ll need to apply for a top-up on one of our current rates, to cover the extra amount.

 

I need to borrow less…

If you’re moving house and need to borrow less than your existing mortgage, then you won’t have to pay an Early Repayment Charge on the difference.

When can I port?

You can only port your existing Fixed Rate to your new mortgage if you’re still within the fixed rate period, or if you’re on a Tracker Mortgage.

 

If you’ve reached the end of your fixed period and are now paying interest at our Standard Variable Rate, you can’t port your rate and you’ll need to apply for a new mortgage rate. 

 

Here are our current mortgage offers.

 

 

I’m selling my house but I’m not ready to buy yet…

Selling your property before committing to buying another is known as a porting gap. In this situation you need to repay your existing mortgage in full, including any Early Repayment Charge.

 

But if you find a new property and draw down a new mortgage with us on that property within 6 months of repaying your existing mortgage, you might be able to port your old product rate. And once you’re all set with your new mortgage, any Early Repayment Charge you paid will be automatically refunded.

What if i can't get a new mortgage with you?

Your new mortgage application will be considered on our lending policies at the time. If we don’t agree to lend you the money for a new mortgage, you won’t be able to take your product rate with you. And if you do repay your existing mortgage and take out a new one with another lender, you’ll have to pay any Early Repayment Charge.

Find a mortgage

Our handy mortgage tool shows you rates that are available to you, as well as giving you an idea of your potential monthly costs.

Find a mortgage for you

Get in touch

Are you in the market for a new mortgage? Do you have a question about your recent application? Or perhaps you’re ready to pay off your mortgage? Whatever your query, we can help you find the right team who can answer it. 

Contact us

Think carefully before securing other debts against your home. Your home may be repossessed if you don't keep up repayments on your mortgage.

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