Help! Increase mortgage ‘porting’
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Bertie99
Posts: 5 Forumite
Hi
we have 35k left of our mortgage but looking to move to higher value property. Current rate is 1.99% with Santander.
Unsure if we should port mortgage so in effect have 2 loans with Santander but one st a higher rate or get a loan as likely to need around 30k?
thanks
we have 35k left of our mortgage but looking to move to higher value property. Current rate is 1.99% with Santander.
Unsure if we should port mortgage so in effect have 2 loans with Santander but one st a higher rate or get a loan as likely to need around 30k?
thanks
0
Comments
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Either. Whichever gives the best deal. Factor in if there is any early repayment charge on the current deal.I'm a Forum Ambassador on The Coronavirus Boards as well as the housing, mortgages and student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.1
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