Remortgages

& mortgages quote

Have you ever..
had a CCJ?
had an IVA?
been bankrupt?
missed a secured loan or mortgage payment in the last 12 months?
Apply for a loan
Apply for a debt management program or IVA

Portable Mortgages

What Are Portable Mortgages?

The significant feature of a portable mortgage is that it is a mortgage that is transferable. A portable mortgage is also referred to as mortgage portability and enables the borrower to transfer their mortgage to another property without accruing early redemption penalties.

Without a portable mortgage penalties may be incurred if your mortgage has a tie in period & you choose to move properties during this period (usually 2-5 years). Mortgage portability is an arrangement agreed between the mortgage lender and the borrower; you must state that you require a portable mortgage before finalising a mortgage agreement.

Pros & Cons

  • A portable mortgage enables you to keep your current mortgage deal when moving home which can be a good option if rates are on the increase.
  • Not all mortgage products have portability so you would incur early repayment charges if you decided to move home without having a portable mortgage.
  • Mortgage portability comes at a price and you will pay more to have this option.
  • If you know you are likely to move properties before your mortgage tie in period ends then a portable mortgage would be beneficial.

Our Offer to You

If you are unsure of whether a portable mortgage is the most suitable option for you then Remortgageexplorer can help. With access to specialist mortgage lenders, advice is readily available from advisors once you have completed our online application form. Each application is treated with the strictest confidence. Our aim is to find a mortgage deal most suited to your needs and requirements.

Simply complete our quick and easy mortgage application form to see if you are eligible for a portable mortgage. Apply now and see the benefits.

Remortgages We Offer

  • Fixed rate remortgages
  • Tracker remortgages
  • Offset remortgages
  • Discounted remortgages
  • Cashback remortgages
  • Capped remortgages

Problems We Specialise In

  • CCJs
  • Previous bankruptcy
  • An IVA
  • Mortgage arrears
  • Debt problems
  • Self employed with no accounts
  • Irregular income
  • Defaults