WebNov 11, 2014 · 1) Borrow back the overpayments and port the £100,000 to the new house, keeping as much as possible on the BMR. Extend the term back out to 20 years. 2) Sell our house for around £200,000, giving a deposit of £100,000 (equity) +£50,000 (overpayments) = £150,000 for the new house. 3) Get a new mortgage for the balance, around £80,000. WebPort your mortgage. If you’re a Nationwide mortgage customer, you could: Move all or part of your mortgage, or. Move your mortgage and borrow more if needed. Borrowing more requires you to take an additional mortgage at a rate available when you apply.

Porting Nationwide Mortgage — MoneySavingExpert Forum

WebMar 8, 2024 · Updated 8 March 2024. If you're moving home you face the question of … WebMar 26, 2024 · However, it’s not just a case of changing the names on the mortgage with your lender. You'll need to apply to have your partner's name added, which will be subject to the standard income and credit checks, and you'll also need to have a solicitor involved to add the new name to the title deeds. The legal process is known as a ‘transfer of ... billy scott

Nationwide won

WebApr 22, 2024 · 546 Posts. I did something like this 3 years ago with Nationwide, was buying a new build which got delayed by a month. My old mortgage got ported to the new property so never had to pay a penalty (think from memory there is a duration of when the new mortgage had to complete). WebStep 4: Compare your options. Once you are clear on the costs involved in porting, redeeming your current mortgage and securing a new deal, you should be able to judge whether porting makes the most financial sense. You can do it yourself or broker / financial adviser can help you with this decision. WebShow more. Porting Your Mortgage How To Explained By Mortgage Advisor All you … billy scott footballer