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Port from single to joint
steve_taylor_
Posts: 23 Forumite
Hi,
I am considering porting my NatWest mortgage . The property is likely to be more expensive and I would also like to turn the mortgage from single to joint. Is porting the best route or should I look at a re-mortgage? I am currently on a fixed rate until 2025 of 1.5% hence the desire to port. Any advice would be great, thanks
I am considering porting my NatWest mortgage . The property is likely to be more expensive and I would also like to turn the mortgage from single to joint. Is porting the best route or should I look at a re-mortgage? I am currently on a fixed rate until 2025 of 1.5% hence the desire to port. Any advice would be great, thanks
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Comments
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Port your current balance then borrow the top up on a different product.
Sole to Joint is fine0 -
Great, thanks for the very swift reply
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Porting means the terms and conditions move to a new mortgage. You will make a new joint application and the terms of the current mortgage will be ported with any increased borrowing offered on one of the lender's current products.
The normal checks are carried out as they are for any new mortgage application.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.0
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