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Port interest only mortgage ?
Zippydebs
Posts: 2 Newbie
We are looking to port our current interest only deal with natwest. We have good payment history, no credit problems and not looking to extend or borrow anymore money. Natwest have told us that we cannot port all of our mortgage unless we can provide evidence to show our pension projections will cover the value of the mortgage.
Although our pensions will cover some, there is not enough to cover it all. My understanding was that we were covered by the transistional rules for existing borrowers and new rules on affordability do not apply.
Any advice gratefully received
Although our pensions will cover some, there is not enough to cover it all. My understanding was that we were covered by the transistional rules for existing borrowers and new rules on affordability do not apply.
Any advice gratefully received
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