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Porting
Porting is an option available to most, but not all mortgages. It allows you to move home without paying your early repayment charges.
The best way to describe it is like this. Imagine your mortgage and all its terms & conditions, including early repayment charges are in a cardboard box. That box is placed on your home. If you decide you want to move home you take the box with you.
As long as you keep your borrowing at the same or increased level you will avoid penalty.
Please Note:
Your home may be repossessed if you do not keep up repayments on your mortgage or other loans secured against it
Our advice is free of charge. We will be paid a commission by the lender if we go on to arrange a mortgage for you. Alternatively, you have the option to pay us a fee if you prefer.
Delnet Finance Ltd is an appointed representative of Intrinsic Mortgage Planning Limited, which is authorised and regulated by the Financial Services Authority.
Intrinsic Mortgage Planning Limited is entered on the FSA register (http://www.fsa.gov.uk/register/) under reference [440703/440718].
