Moving home

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

Did you know you can move your current residential mortgage deal with us when you move home? This is known as 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 with one of our current mortgage products.

Please note:  porting is not available for Buy to Let customers.

How does it work?

 
  1. Speak to one of our helpful mortgage advisers on 0345 1200 891*
  2. We'll give you a mortgage illustration and you can choose to proceed to application

  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. Depending on the terms of your mortgage deal, this may include paying Early Repayment Charges. Some or all of these charges may be refunded when your new mortgage completes. 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 

When transferring your mortgage as part of a home move, you'll usually need to appoint a solicitor to look after your legal interests. Find a solicitor fast, using the Accord Mortgages Conveyancing Service . 
 

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 strategy is in place.
Acceptable repayment strategies include:

  • Existing Endowment
  • General Investments
  • Pension Lump Sum
  • Selling your main residence and downsizing
  • Making overpayments

If needed, additional borrowing can be taken on a Capital & Interest (repayment) basis, an Interest Only basis or a part Capital & Interest part Interest Only basis.

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

It is important to ensure that you regularly review the adequacy and performance of your chosen repayment strategy. If all or part of your mortgage is on an interest only repayment basis, please be aware that making your monthly mortgage payments and compliance with the other terms and conditions of your mortgage contract will not ensure that the loan will be fully repaid at the end of the term.
 

Help to Buy Equity Loan Scheme

If your property was purchased under the Help to Buy Equity Loan Scheme and you still have an outstanding Equity Loan, you are able to port your existing mortgage deal as long as the Equity Loan is repaid upon sale of your current property and you 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