Moving Home but tied into a deal - can I port?

GB85GW83

Hey,

Currently tied into a 5 yr Fixed Rate with Nationwide, approx half way through.
Seen a house yesterday so potentially looking to sell up and move.

Obviously, I know if I settle the mortgage early there is a penalty.

But is it possible to move the mortgage and borrow an additional sum to pay the balance of the new purchase price?

Many Thanks

GW

ukclarkkent

can i add to this?

if i want to move can i go to another mortgage provider to get a 2nd mortgage to make up the difference between my current place and the 1 i want to move to or am i tied to my current provider?

also, if i move into a new place with my girlfriend could i change the names of the mortgage in the new property?

LilAmbar

The 5yr Nationwide fixed rate (20 months left) I have allows me to port the mortgage assuming they accept the loan on the new property.

Sounds like we're in a very similar situations. My partner and I both have fixed rates on our properties so I would be very interested in the answer to to 2nd mortgage provider question. I've looked into jumping ship and pay the early redemption charge but financially, it really wouldn't be the most sensible.