When searching to go family, it is actually you are able to in order to import your existing mortgage – this can be labeled as porting’
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If you find yourself buying yet another household and you can already have a changeable rate, fixed rate or tracker mortgage, you may want to think of whether you can – otherwise want to – import you to definitely financial towards the this new assets when you circulate. It transfer procedure is known as porting’.
Exactly what happens in case the money enjoys substantially dropped or your credit rating has taken a bump? Are you willing to however port home financing in case your items keeps altered if in case thus, just how? Read more