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SVR portability?
brianl
Posts: 1 Newbie
Hello all,
3yr fix just ended @ 5.34%. Now on svr @1.99% Bank of Ireland(Br&West). Looking to move, as family grows, and have £113,000 mortgage outstanding. We need further 70,000 and have equity on current home approx. 45-50K. Would it be possible to port the current deal and take on the extra separately? In addition, the initial mortgage in my name only and wish to now have a joint mortgage with partner. Thanks in advance for any advice
3yr fix just ended @ 5.34%. Now on svr @1.99% Bank of Ireland(Br&West). Looking to move, as family grows, and have £113,000 mortgage outstanding. We need further 70,000 and have equity on current home approx. 45-50K. Would it be possible to port the current deal and take on the extra separately? In addition, the initial mortgage in my name only and wish to now have a joint mortgage with partner. Thanks in advance for any advice
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Comments
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You need to ask lender as portability is subject to lending criteria and the terms specific to your mortgage deal.Would it be possible to port the current deal and take on the extra separately?I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
BoI/B&W SVR is 1.99%?
That's news to me. I'm sure I'm paying 3.8%?
Is it possible your reversion rate was a tracker, not SVR?I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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