Nationwide mortgage/help to buy

Cupcake85

Good afternoon,

I currently have a nationwide mortgage on a 2 year fix until August, I have just under 150k left

I'm now hopefully going to buy a new build with help to buy, I need to borrow 150k, my current mortgage can be ported but not sure if I can combine with help to buy, my get out fee is 3000, I wanted to avoid paying it if I can, new build could be ready June time. I didn't want to wait till August as we want to get in asap but wasn't sure if there is any loop hole to avoid the 3000

Many thanks

kingstreet

When you sell your current property, your current mortgage is repaid.

If your existing lender will lend to you again, you may be able to "port" the rate from your old mortgage to a new one for the new purchase.

Nationwide will allow you to port on an HTB Equity Loan purchase and the increased borrowing will be offered on one of the lender's current HTB EL products.

We have two similar cases in submission at present and they are no longer paper-based (unless you have four sub-accounts or more) which is helpful.