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Porting mortgage and borrowing more

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Hi I am about six months in to a 2 year fixed
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

Comments

  • Typhoon2000
    Typhoon2000 Posts: 1,171 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    edited 14 January 2024 at 9:37PM
    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).
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