Moving home

If you already have a mortgage deal with us, things don't have to change because you're moving.

Did you know you can move your current residential mortgage deal with us when you move home? This is called porting your mortgage.

If you need to borrow more, that could be ok too. You can apply to top up the difference between your existing mortgage and your new deal.
 
Please note:  porting is not available for Buy to Let customers.

How does it work?

 
  1. Speak to your mortgage broker or one of our helpful mortgage advisers on 0345 1200 891*

  2. We'll give you a mortgage illustration. You can then choose to apply 

  3. Return your signed application, along with any supporting documents
  4. We'll call you as soon as possible to discuss your new mortgage offer

Early repayment charges 

You'll first need to pay off your existing mortgage. This may include paying Early Repayment Charges. When your new mortgage completes, you may get a refund for some or all of these charges. For example, if the portable amount of your existing mortgage is £50,000 and you only want to borrow £40,000. We'll refund you 80% of the Early Repayment Charges (£40,000 is 80% of your existing mortgage).

Finding a solicitor 

You can port your mortgage when you move home. You’ll need to appoint a solicitor or licensed conveyancer to act for you. If you don’t have one in mind, you can find one using our Conveyancing service. If you prefer to choose your own, they must be on our approved panel.

Interest only mortgages

If you have an interest only mortgage and would like to move the mortgage to a new home, you can keep the interest only status of your mortgage as long as a suitable repayment plan is in place. Acceptable repayment plans include:

  • Existing Endowment
  • General Investments
  • Pension Lump Sum
  • Selling your main home and downsizing
  • Sale of another UK property
  • Savings
  • Making overpayments

If you need it, you can borrow more on a Capital & Interest (repayment) basis, an Interest Only basis or a combination of both. 

Please be aware that different criteria apply for interest only mortgages. Please see our lending criteria for further information.

It is important to regularly check your repayment plan is working for you. If your mortgage is interest only, making your monthly payments won't guarantee that the loan will be paid back in full at the end of the term.

 

Help to Buy Equity Loan Scheme

If you used the Help to Buy Equity Loan Scheme and you still have an Equity Loan you may be able to port your mortgage. The Equity Loan needs to be repaid when you sell your home and you will need to meet the rest of our criteria.

Disclaimer

Your property may be repossessed if you do not keep up repayments on your mortgage.

If you have a Buy to Let property, then alternatively a receiver may be appointed (except in Scotland) to receive the rent and/or to sell the property. After sale, you will remain responsible for the payment of any mortgage shortfall debt.

 

Our downloadable guides have all the information you need on our products, how to manage your account and much more.

Need more help?

To get advice on moving home with your current mortgage (porting), call one of our friendly mortgage advisers:

0345 1200 891*

9am - 5pm : Monday to Friday
9am - 1pm : Saturday