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Porting mortgage and borrowing more
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Posts: 71 Forumite
Hi I am about six months in to a 2 year fixed
mortgage. I have plans approved for a large extension.
mortgage. I have plans approved for a large extension.
Having had some costs on the extension the prices are significantly higher then initially budgeted for and it will mean me moving out do the property for a few months (adding additional rental costs)
i am now seriously considering selling and moving to a larger property.
i want to know if I will be able to port my deal during the fixed period.
also since I refixed mortgage rates have dropped about 0.75%. If I borrow more will the lender allow me to borrow at the cheaper rate
Thanks
i am now seriously considering selling and moving to a larger property.
i want to know if I will be able to port my deal during the fixed period.
also since I refixed mortgage rates have dropped about 0.75%. If I borrow more will the lender allow me to borrow at the cheaper rate
Thanks
0
Comments
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Only your lender ( or you paper work ) will tell you if you have a portable product. Any additional borrowing will always be from what available at the time ( not the past).0
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