Most lenders do allow you to transfer the mortgage to a new property. This is called porting. The only stipulation is that you must re-qualify for the entire mortgage all over again. This is great if you are 2 years into a 5 year fixed rate which has Early Repayment Charges. If you transfer or port your mortgage to your new property you do not have to pay any of these early Repayment Charges.
Mar 27, 2018 | 0 comments