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Porting mortgage - Chelsea BS
asandwhen
Posts: 1,407 Forumite
Hi,
I have a mortgage with the Chelsea (£160,000) This was borrowed in 2007 against my house that at the time was valued at £180,000 (so just over 10% LTV). I would like to buy a slightly bigger house. Today I have had my house valued and the estate agent thinks I will get £190,000.
Now heres my question. If I find a house at £180,000 can I just port the motgage over like for like or will chelsea want a 15% deposit (this appears to be the least they accept now for new business)
Many thanks.
I have a mortgage with the Chelsea (£160,000) This was borrowed in 2007 against my house that at the time was valued at £180,000 (so just over 10% LTV). I would like to buy a slightly bigger house. Today I have had my house valued and the estate agent thinks I will get £190,000.
Now heres my question. If I find a house at £180,000 can I just port the motgage over like for like or will chelsea want a 15% deposit (this appears to be the least they accept now for new business)
Many thanks.
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