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Property/DIY

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Porting a mortgage- interest rate

3 replies

PileofLogs · 09/09/2022 16:36

I have a portable mortgage and low LTV (about 15%). 3y left on the term, 1.2%.

We're thinking of downsizing. If I port the mortgage to the new place, I'll still have decent LTV. Can I keep my rate or will they put me onto a new rate?

OP posts:
TwigTheWonderKid · 09/09/2022 16:37

I think you can port the rate?

MyNameIsAngelicaSchuyler · 09/09/2022 16:57

You keep it. We got a mortgage in 2007, ported to a new property no problem. After 2008 that deal was like gold dust we weren’t about to let it go

PileofLogs · 09/09/2022 17:31

Thanks- that's great.

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