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Can I ask you, was it almost like a new application- proving income and showing bank accounts again? I'm hoping porting would be more of a telephone interview....it was a nightmare of paperwork for the initial application! Help!
Can I ask you, was it almost like a new application- proving income and showing bank accounts again? I'm hoping porting would be more of a telephone interview....it was a nightmare of paperwork for the initial application! Help!
Porting is not moving a mortgage from one property to another.
You apply for a mortgage and go through the usual checks and if accepted, you may be able to port the rate from the old mortgage to the new one at completion.
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.
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