Can you have three mortgages for one house?

[NattyBeaker]

I've just moved and ported my mortgage, and taken out a smaller mortgage for the additional amount I needed and fixed for 5 years at 3.8%. I'm not feeling too sure about my new house, but I have 30% equity and if it goes up even 20k in the next couple of years and interest rates come down a bit I think I could move again with little to no harm done (financially). It's a very sought after village so it's not impossible, and lots of new amenities opening nearby soon which hopefully will boost it further.
But if I move again, I'd need yet another mortgage I think? I'd have my original ported one, the additional one for this property and then another one again is that even possible? Or would I have to pay an ERC and close one? Any advice appreciated.
Appreciate I need to give it time here to settle in but it's keeping me up at night.

We’ve ported twice and still have the original so yeah, we’ve got three parts to our mortgage. You can have more, I think!

It does limit you when looking for better deals because we’re limited to NatWest as all the parts end at different times; we’re working with a broker to try to line them up slowly so they’re all the same, then we can look around at more options to shift the whole lot into one single pot for a better overall deal.

But it has helped with all the mortgage rate jumps as we only had to jump interest rates on one bit at a time, so we were hit with gentle increases (sucking up all pay rises though) rather than an overall one-off rise.

We have 3, an original, one for this house and one for building work.

Why would you need a third one? You'd just increase one of the ported ones. You know you only need to port if you're still within the fixed term yes - so three years or whatever your deal was for.

I don't think you can just increase a mortgage, that's why I had to take out an additional one I think? I can ask my broker but I feel a bit daft for getting myself in this situation

Yeah I have 4.
1 from initial house, second one was my next house move, 3rd was renovation work took money out of house. 4th was another house move.
My mortgage broker has put me on a variety of terms at the minute so in 3 years we can align them all to one product!

@NoDramaLama55 yikes! Do they need to be with the same lender? Why so many moves?

Of course you can - you just ask your lender

No you can't as the deals are changing all the time so whatever rate you have is unlikely to be available, so you have to take out a new mortgage with the current rates

I think that the OP is saying she is tied into deals with her current 2 mortgages, so no, she can't increase them, but she can take a 3rd part on a new deal.

We have 5.