Porting a Mortgage Guide - How Does It Work?

Wondering what 'porting a mortgage' is all about? How does it work? In this guide, Nicola Hume explores an often-overlooked option that could save you money when moving home.

Learn the pros and cons, and find out how it might suit your situation. Whether you're looking to avoid early repayment charges or keep favourable terms, porting could be worth considering. But it's not without its drawbacks—your lender, new property value, and current financial status all play a role.

👉 VIDEO TIMESTAMPS ⏳
00:00 Introduction
00:30 Reasons to port a mortgage
00:54 Advantages
01:40 When porting a mortgage might be declined
02:33 Options when you can't port your mortgage

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[jennyandivy]

Thanks for this, just to make people aware, I’m with platform and to port my mortgage they said I would need to complete on the same day or else get charged 6000, but they did say they would pay almost all
Of that back once we get the new property.