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Barclays Mortgage - port as moving house
ohdear66
Posts: 39 Forumite
Good evening,
We have sold our house and are going to port our mortgage from our current deal with Barclays (changing 2 years early) to a larger mortgage still with Barclays. Does anyone know whether we will still be charged and early repayment charge even if we are staying with them?
Regards,
Ohdear66
We have sold our house and are going to port our mortgage from our current deal with Barclays (changing 2 years early) to a larger mortgage still with Barclays. Does anyone know whether we will still be charged and early repayment charge even if we are staying with them?
Regards,
Ohdear66
0
Comments
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If you are not borrow any less when you move you will not pay redemption penalties.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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.0 -
Thanx amnblog!0
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Your existing product will be transfered to the new property. That's in effect what porting is. Any additional borrowing will be a product from the current range.
You'll have 2 separate sub accounts (loans) for the mortgage.0
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