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Can i transfer of mortgage from one house to another with higher value in uk

 
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Frank


Can i transfer of mortgage from one house to another with higher value in uk? Wilfrid
0     In Mortgage Cont.15

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    Q. How do i transfer mortgage to new house?


    You can port your mortgage to a new house which is a pretty easy step if you don`t require your mortgage to be higher then its is now. If your mortgage stays the same it as easy as filling out a few forms in the bank and sign them. The bank will request information on the new purchase total price and what is the downpayment you gave.

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    Q. If i sell my house can i transfer the mortgage to another house?


    Yes you can, when transferring your mortgage to another property its called mortgage porting and is a well known process with the lenders.

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