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Porting a mortgage in Durham allows homeowners to move to a new property while retaining their existing mortgage.
It’s particularly beneficial if you’re locked into a fixed-rate deal with significant early repayment charges.
To see whether you qualify for porting your mortgage, reach out to our mortgage advisors in Durham and we can guide you through the process.
The process of porting a mortgage in Durham involves applying to your current lender to transfer your mortgage terms to a new property.
Although you’re staying with the same lender, they’ll still perform affordability checks to ensure you can meet repayments and that the new property meets their lending standards.
If you’re moving to a more expensive home, you may need to borrow extra, which is often subject to a separate rate.
If you’re downsizing, early repayment charges might apply on the difference.
When porting a mortgage, you’ll need to gather several key documents to support your application. These typically include:
Porting a mortgage in Durham enables you to retain your current interest rate and mortgage terms while moving to a new home.
This is particularly useful if you have a competitive fixed rate or want to avoid early repayment charges.
It’s a cost-effective solution when interest rates are rising or if switching lenders would be more expensive.
Yes, porting a mortgage in Durham requires a full application.
Your lender will reassess your financial situation, income, and credit score to ensure you can afford the mortgage on the new property.
The new property itself will also need to meet their lending criteria.
Yes, it can be possible to port your mortgage when downsizing.
However, if the loan amount reduces, your lender may charge early repayment fees on the difference.
A mortgage broker in Durham like us can help you work out whether porting is still the most cost-effective option.
If you’re moving to a more expensive property, you can often port your existing mortgage while taking out additional borrowing to cover the shortfall.
This extra amount may come with a new interest rate and different terms.
A mortgage advisor in Durham can help you explore your borrowing options and ensure you get the best deal.
Porting can be beneficial if you’re tied to a favourable mortgage deal, but it’s not always the most cost-effective solution.
If better rates are available from other lenders, remortgaging could save you more in the long term.
Seeking mortgage advice in Durham will help you compare all options.
While porting can help you avoid early repayment charges, other fees such as valuation costs, legal fees, or arrangement charges may still apply.
Your lender will outline these costs, so it’s important to consider them carefully.
If your financial circumstances have changed, such as reduced income or increased outgoings, this could affect your eligibility to port.
Lenders will reassess your affordability as part of the process.
If you’re concerned, a mortgage advisor in Durham can help you explore alternatives.
Porting a mortgage in Durham typically takes around 4 to 8 weeks, similar to a standard mortgage application.
Starting the process early and working with a mortgage broker in Durham can help you avoid unnecessary delays.
Yes, lenders will assess the new property to ensure it meets their standards for value, condition, and location.
If the property doesn’t qualify, you may need to consider other mortgage options.
If your lender does not allow porting, or you fail to meet their criteria, remortgaging with a new lender may be a better option.
A mortgage broker in Durham like us will compare deals across the market and help you secure a suitable mortgage.
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5.00 Rating19 Reviews
Jenni
Malcolm and his team were nothing short if amazing helping guide us through somewhat tricky process of buying our home. They were friendly, patient and efficient and deserve more than a five star rating. Thank you again to Malcolm and his team.
2 months ago
Joanne
Malcom, was professional and helped sercure the best mortagage deal for us. We were apprehensive about using a mortage broker as we had never used this kind of service before, but Malcom and the team made it so easy from start to finish,friendly...
4 months ago
Fiona
Very good service from Dinah. Very helpful and no pressure sales. Felt confident I got the best advice for my circumstances.
6 months ago
Katie
We could not recommend UK money man enough for helping us obtain a mortgage. As first time buyers we went into the process clueless, Malcolm and the team have been absolutely amazing. Their communication and expertise has been second to none. The...
7 months ago
Mr Darren
An amazing service from some amazing people. They where with me from start to finish and the support, guidance and advice they gave me was brilliant. I would happily recomend Durhammoneyman. Thank you to all who where involved in my case.
9 months ago
Anonymous
Great service! Very informative and responsive. Made the process for a first time buyer straight forward and went smoothly
11 months ago
Duncan
Professional all the way. Excellent advice from Wayne followed by excellent administration by Anna to complete the transaction. Would recommend.
1 year ago
Martin
Excellent Staff and Service, I would definitely use them again They were very helpful all through the process of my remortgage providing me with the best deal and assisting with any issues or concerns i had, very prompt on replies to my calls and...
2 years ago
Kayleigh
Joe and Chloe have been so helpful sorting out our remortgage. They did all the hard work. I would highly recommend Durham Money Man to anyone! Fab job guys!
2 years ago
Karen
Was very professional and very helpful.
3 years ago
Anonymous
We are very pleased with the service we received. Everything was very simple and the mortgage brokers done everything for us. The mortgage deal they found was significantly less than any we could find ourselves, so it's worth paying the broker fee...
3 years ago
Niall
Fantastic service! Amazing advice and guidance throughout my mortgage application. Would recommend Durhammoneyman to anyone!
4 years ago
Sarah
Durhammoneyman have been an absolute lifesaver in helping me to get a mortgage. Their support, advice and assistance throughout the process has been above and beyond what I could have expected. Without them I would not have been able to navigate...
4 years ago
Donna
I cannot fault the service I have received from Leo, Wendy and the team. They have made a potentially stressful process very easy, offering support and guidance throughout. I would recommend this team to anyone in need of mortgage advice. Thank...
5 years ago
Sandra
Matt was first of all hugely understanding and quite reassuring in what I knew would prove a difficult task! Under 2 years self employment history, trying to gain a second family home without selling the first and possessing a buy to let which also...
5 years ago
Louis
I had a complex situation and I was nervous about the whole thing. Chris worked his magic and got me a mortgage offer within 2 weeks. I was amazed. Working full time I found the evening appointments terrific.
5 years ago
Michelle
Thank you to Laura and Matt who worked seamlessly to get my remortgage offered. I’m really happy with my new deal, much better rate than what my bank were offering.
5 years ago
Mary
My mortgage broker was easy to get hold of and efficient. Overall my experience was good value for money. As a first time buyer I felt I had support throughout my purchase.
5 years ago
Daniel
We rang these guys when we had been promised a mortgage by our Bank who then changed their minds. To be honest we didn’t know whether or not we’d be able to get a mortgage but during the first call with Durham Moneyman we felt they understood...
5 years ago
We’ll start with an in-depth review of your current mortgage to see if porting is the best option for your next home.
During this stage, we’ll also explore if a new mortgage deal could save you money, offering more flexibility or a better interest rate.
Next, we’ll assess the new property and review your current financial situation.
This ensures that your lender is happy to port the mortgage, but if not, we’ll present alternative mortgage options that might be more cost-effective.
Once the best route is chosen, we’ll handle your application, whether it’s porting your mortgage in Durham or applying for a new deal.
Our team will keep you informed throughout the process, ensuring everything runs smoothly from start to finish.
After your mortgage is approved, the final step is the completion process.
Whether you’ve ported your existing mortgage or switched to a new one, we’ll ensure everything is finalised in time for your move.
We offer a free mortgage appointment in Durham, giving you the opportunity to explore whether porting your mortgage is the best choice for your move.
Our expert mortgage advisor in Durham will also compare other mortgage deals to ensure you're getting the best possible rate.
With access to 1000s of mortgage products, we can find a solution tailored to your needs, whether you decide to port your current mortgage or switch to a new deal.
Often, exploring new mortgage options can lead to a more affordable plan with better terms.
We provide a comprehensive, hassle-free service, handling every step of the process from start to finish.
Whether you’re porting your mortgage in Durham or considering new deals, our priority is finding the most cost-effective option for you.
Our team is available 7 days a week, so you can get mortgage advice in Bristol when it’s convenient for you.
Whether it’s porting a mortgage or exploring new deals, we’re here to help you make informed decisions every day of the week.
If porting isn’t possible, remortgaging to a new lender could allow you to access better interest rates or more flexible terms.
This involves replacing your existing mortgage with a new one tailored to your needs.
If porting isn’t viable, applying for a completely new mortgage may be the best option.
This allows you to explore competitive rates and products available in the market.
Our mortgage advisors in Durham can help you find a deal that matches your circumstances, whether you’re upsizing or downsizing.
When purchasing a more expensive property, additional borrowing may be necessary.
This could involve a top-up loan with your current lender or a second charge mortgage secured against your home.
If porting doesn’t provide significant benefits, paying off your existing mortgage early and switching to a new deal might be more economical.
While early repayment charges may apply, this could be offset by savings achieved through a better interest rate.
Bridging loans offer short-term funding solutions when there’s a gap between selling your current home and purchasing a new one.
They provide quick access to funds, helping you complete the purchase while waiting for your sale to finalise.
If your current lender offers competitive product transfer options, switching to a new deal with them may be quicker and simpler than porting.
Our mortgage advisors in Durham can check if this option provides better value for your situation.
If affordability is an issue, applying for a joint mortgage with a partner or family member could increase your borrowing potential.
This option allows combined incomes to support your mortgage application, making it easier to secure the funds you need.
For those with fluctuating finances, switching to a flexible mortgage can provide greater control over repayments.
Flexible mortgages allow you to make overpayments, underpayments, or take payment holidays when needed, offering valuable financial flexibility.
If you’re moving to a smaller property, releasing equity from your current home can help fund the purchase outright.
Equity release options are particularly suitable for homeowners aged 55 and over who want to reduce their borrowing.
Older homeowners in Durham may find retirement interest-only mortgages a practical alternative to porting.
These mortgages allow you to pay only the interest each month, with the loan repaid when the property is sold, or you enter long-term care.
This option can help manage costs when moving home in later life.
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Durhammoneyman.com & Durhammoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 9 Gallows Lane, Beverley, United Kingdom HU17 7FJ.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk.
© Durhammoneyman 2025.
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Durhammoneyman.com & Durhammoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 9 Gallows Lane, Beverley, United Kingdom HU17 7FJ.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk.
© Durhammoneyman 2025.
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