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  • FIRST POST
    • ohdear66
    • By ohdear66 9th Mar 18, 8:18 PM
    • 30Posts
    • 3Thanks
    ohdear66
    Barclays Mortgage - port as moving house
    • #1
    • 9th Mar 18, 8:18 PM
    Barclays Mortgage - port as moving house 9th Mar 18 at 8:18 PM
    Good evening,

    We have sold our house and are going to port our mortgage from our current deal with Barclays (changing 2 years early) to a larger mortgage still with Barclays. Does anyone know whether we will still be charged and early repayment charge even if we are staying with them?

    Regards,

    Ohdear66
Page 1
    • amnblog
    • By amnblog 9th Mar 18, 8:58 PM
    • 10,460 Posts
    • 4,132 Thanks
    amnblog
    • #2
    • 9th Mar 18, 8:58 PM
    • #2
    • 9th Mar 18, 8:58 PM
    If you are not borrow any less when you move you will not pay redemption penalties.
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
    • ohdear66
    • By ohdear66 11th Mar 18, 7:49 PM
    • 30 Posts
    • 3 Thanks
    ohdear66
    • #3
    • 11th Mar 18, 7:49 PM
    • #3
    • 11th Mar 18, 7:49 PM
    Thanx amnblog!
    • Thrugelmir
    • By Thrugelmir 11th Mar 18, 8:46 PM
    • 58,459 Posts
    • 51,836 Thanks
    Thrugelmir
    • #4
    • 11th Mar 18, 8:46 PM
    • #4
    • 11th Mar 18, 8:46 PM
    Your existing product will be transfered to the new property. That's in effect what porting is. Any additional borrowing will be a product from the current range.

    You'll have 2 separate sub accounts (loans) for the mortgage.
    Financial disasters happen when the last person who can remember what went wrong last time has left the building.
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