Helping Clients Move Home by Porting Their Mortgage and Borrowing Extra
Porting a Mortgage to a New Home
Your home may be repossessed if you do not keep up repayments on your mortgage.
A fee of up to £495 per mortgage may be charged depending on individual circumstances.
The information contained within was correct at the time of publication but is subject to change.
4th December 2025
Rachel and Brian were ready for the next chapter in their lives. With their child now older and a desire for more space, they planned to sell their current home and purchase a larger property. However, they were still tied into a long fixed rate mortgage, and leaving it early would mean significant early repayment charges. Their ideal outcome was to port the existing mortgage to the new property while also borrowing additional funds to help secure their new home.
Both clients are in their 50s and work full time, supported by a small amount of pension income. Their situation was straightforward, but their mortgage timeline required careful planning to protect them from unnecessary financial penalties.
Looking at Their Options
Rachel and Brian had a loan to value of around 75 percent, which placed them in a reassuring position when reviewing their options. The property they were purchasing was a lovely semi detached period home that suited their needs perfectly.
Their income structure was simple, as both clients are in standard PAYE roles. They also had a good credit profile with no concerns. The biggest pressure was the need to move quickly, as they were preparing to sell their current property imminently and wanted a smooth transition to their new home.
At the time, the market was particularly uncertain due to the Budget announcement. Rate movement was unpredictable, and many clients were seeking stability. However, in Rachel and Brian’s case, the key factor was that they were tied into a ten year fixed rate. Because of this, switching lenders would have been extremely costly. Any potential benefit of moving elsewhere would have been outweighed by the early repayment charges.
For this reason, staying with their existing lender was the most sensible route. We needed everything to progress smoothly, as any issue with the porting process could have resulted in thousands of pounds in unnecessary fees.
The Recommendation
After reviewing all available options with their existing lender, the most suitable solution was to port the current ten year fixed rate to the new property and arrange the additional borrowing on a new five year fixed rate. This approach gave Rachel and Brian long term security with predictable monthly payments.
It also worked well with their future plans, allowing them to bring everything back into alignment in five years time, when they can review their mortgage position again without affecting the remaining term of their original fixed rate.
Outcome
The application was handled quickly and smoothly, and Rachel and Brian were delighted with the result. They were able to move into their new home without facing any early repayment penalties. Their payments remain stable and predictable, and they can enjoy the next phase of their lives without unnecessary financial stress.
Are You Tied Into a Long Fixed Rate but Thinking About Moving?
If you are on a long fixed rate mortgage and are considering moving home, you might be unsure whether porting your existing rate is possible or realistic. I help clients in exactly this situation understand their options and plan the smoothest route forward.
Get in touch today to discuss your circumstances and explore what might be achievable.