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Porting question
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Therooster100
Posts: 42 Forumite
I will be calling First Direct mortgage team in the morning but wondered if anyone knew the answer.
Our current Mortgage is with First Direct & fixed for another 3 years at 2.29% (10 year fix)
We have found a house which we have offered on and had accepted. Our house is on the market (8 weeks) but not sold yet (It has been around 4 weeks since we had the offer accepted), could we purchase the other house using a tracker from Nationwide (No Early Repayment Charge) & when our house sells move the First Direct Mortgage over via porting?
Our current Mortgage is with First Direct & fixed for another 3 years at 2.29% (10 year fix)
We have found a house which we have offered on and had accepted. Our house is on the market (8 weeks) but not sold yet (It has been around 4 weeks since we had the offer accepted), could we purchase the other house using a tracker from Nationwide (No Early Repayment Charge) & when our house sells move the First Direct Mortgage over via porting?
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Comments
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Check the T&C but you can't usually port to a property you already own...I assume you've checked that you meet the affordability requirements for having both mortgages at the same time?0
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