Want to port your mortgage? Speak to our advisors today
Are you looking to move to a new home while keeping your existing mortgage deal? At Yomo Finance, we understand the importance of securing favourable terms, and our ‘port your mortgage’ service allows you to seamlessly transfer your current mortgage rate and terms to a new property. Call our team in Aylesford now to book an appointment.
What is mortgage porting?
Mortgage porting is the process of transferring your existing mortgage deal, including the interest rate, term, and conditions, to a new property when you move. Instead of taking out a brand-new mortgage, you essentially ‘port’ or carry over your current mortgage to the new home.
How can porting your mortgage be of benefit?
Retain your current interest rate
If you secured a particularly low interest rate on your existing mortgage and rates have since risen, porting allows you to keep that advantageous rate, potentially saving you thousands in interest payments
Avoid early repayment charges
Leaving a mortgage deal before the fixed or discounted period ends can result in costly early repayment charges. By porting your mortgage, you can avoid these fees since you're keeping the same mortgage terms.
Streamlined process
Yomo Finance has a streamlined and efficient process for dealing with mortgage porting applications. As your lender already has your information on file, applications are usually a smoother process.
Try our mortgage calculator today
*mortgage calculator coming soon*
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