Porting a H2B

leeo123 Forumite Posts: 3
Third Anniversary First Post
I am looking at downsizing next year. The mortgage rate is due to finish November and is a help to buy mortgage. Can I port this mortgage and when can I do that? It is with Santander.


  • silvercar
    silvercar Forumite, Ambassador Posts: 45,911
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    Think of the HTB as a separate mortgage. When you sell the proceeds go to redeeming both. Porting your mortgage means you can take your current deal on your mortgage to your new property, subject to the lender’s agreement. The HTB is repaid, so you would only be eligible if you met criteria. As you are downsizing I’m thinking you will only want your main ported mortgage.
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  • leeo123
    leeo123 Forumite Posts: 3
    Third Anniversary First Post
    Yes just the mortgage ported. I was wondering how close to the end of the mortgage can I port it and will I need to change to a new rate?
  • Edi81
    Edi81 Forumite Posts: 1,371
    Ninth Anniversary 1,000 Posts Name Dropper Combo Breaker
    Porting refers to keeping the fixed rate you have until the end of the fixed rate. 
    After that you would go onto the current rates. Also, it is just the balance you currently have that you can port any higher borrowing will be at current rate. 
    Porting a rate still requires full underwriting and checks to be carried out by the lender. 
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