I took out a two year fixed deal with my mortgage provider, Santander, and was told it was fully portable.
I sold my house, and had to re-apply, as now on benefits. This was agreed, and was told that as long as I took this out by mid-nov my redemption fee would be re-paid, and I have until January to use the port deal, if after this date.
I withdrew from Sale of original property, as property had problems, which would have put me in negative equity. Rang up to change address for new property, and the Port has now been declined, as I have paid mortgage up from house sale. I have never once missed a payment to Santander in the 7/8 years I have been with them.
I did mention when going through this, that my house sale would complete first, and was taking a trip for the Summer. Now unable to borrow, no permanent address, and high risk!!
I was porting £65,000, but actually only need £40,000 - 14%!!!
I feel I have been given very bad advice, not once told not to move out of house. I was in a catch 22, buyer wanting house, me buying an empty house, so no rush for me, just thought my purchase completion would be three weeks behind sale of my house, but if I kept buyers waiting, then they would have pulled out.
What to do??