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Porting and moving with santander

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kenneth77
kenneth77 Posts: 70 Forumite
Part of the Furniture 10 Posts Combo Breaker
in Mortgages & endowments
Anyone here recently moved or moving and poring their mortgage with santander know what deposit is required? 
Having different answers from brokers whether its 15, 10 or 5 percent deposit that's required?
Thanks in advance 

Comments

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Deposit can be determined from the new product you are applying for.  The fact that you are porting has no relevance to the new product you choose. 
  • Prestwickboy2
    Prestwickboy2 Posts: 12 Forumite
    First Post First Anniversary
    Hi there . Was just wondering what happens in the situation if you move house while in a 2 year fixed rate mortgage which has just started?
  • kingstreet
    kingstreet Posts: 39,254 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    You apply for a new mortgage for the amount you need. At completion of the sale/purchase the old rate is transferred to the new mortgage. If you are borrowing more, you chose a new product for that amount based on the overall LTV at application stage.
    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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