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Porting a mortgage in Leicester allows you to move to a new property while maintaining the terms of your existing mortgage.
It’s particularly valuable for borrowers tied to a fixed-rate deal.
If you’re unsure how this works, getting mortgage advice in Leicester can make the process clearer.
The process typically starts with your lender reassessing your financial situation and the suitability of the new property.
If approved, your existing mortgage deal is applied to the new loan, often avoiding early repayment fees.
A mortgage broker in Leicester like us can help you navigate the steps, ensuring a stress-free experience and addressing any challenges along the way.
When porting a mortgage, you’ll need to gather several key documents to support your application. These typically include:
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The fee is up to 1% but a typical fee is £495.
For self employed applicants, porting a mortgage requires careful preparation.
Lenders typically ask for SA302 forms, tax returns covering at least two years, and recent bank statements to confirm income stability.
Professional mortgage advice in Leicester can help ensure your documentation is accurate, improving the likelihood of a smooth application process.
Porting a mortgage with bad credit can be more complex, as lenders assess your credit history alongside your current financial circumstances.
However, some lenders may be more flexible than others.
Not all mortgages offer portability, and even those that do require you to meet certain lender conditions.
Approval typically involves reassessing your financial situation and the suitability of the new property.
Porting a mortgage in Leicester allows you to retain your existing deal, which can be particularly beneficial if your interest rate is competitive.
It also helps you avoid early repayment charges, saving significant costs.
Porting a mortgage typically takes several weeks to complete, depending on your lender’s processing times and the complexity of your application.
Preparing in advance can help streamline the process.
Speaking with a mortgage advisor in Leicester ensures all requirements are met promptly, reducing the risk of delays.
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5.00 Rating32 Reviews
Anonymous
Very professional. Kept me informed every step of the way. Explained the mortgage application process fully. Found me another lender immediately, after my first application got rejected.
2 months ago
Anonymous
I found Moneyman to be very professional and easy to work with. They explained everything clearly, kept me informed throughout the process, and were always easy to contact. I especially appreciated the personal touch of having a video call, which...
6 months ago
Anonymous
Great and knowledgeable advisor, Leo has been helping every step of the way and was able to answer lots of questions and provide lots of advise. Highly recommend using Leicestermoneyman
6 months ago
Emma
Beyond happy with our experience with moneyman. Quick responses, helpful and friendly. Definitely went above and beyond our expectations. Wouldn’t trust anyone else. Thank-you!
7 months ago
Neil
Highly recommend Leo Shakespeare! Leo has been very helpful, approachable and informative - we will be recommending him to others who are buying a home.
7 months ago
Elizabeth
I approached moneyman with an urgent problem of remortgaging my property within a deadline of 2 months or I loose my property .I was professionally welcomed by Paula and her 2 other colleagues who gave me advice and options of what I can do ....
10 months ago
Simon
Brilliant service thank you for all your help
1 year ago
Dawid
Excellent
1 year ago
Grant
Very fast friendy service, any questions were answered throughly and quickly and the whole service from start to finish was smooth and stress free.
1 year ago
Lucy
Excellent service from start to finish! Chris kept us fully informed and answered all of our questions throughout. He took the pressure off us and was professional throughout! Highly recommend!!
1 year ago
Rebekah
Jo and Chris were extremely helpful. Got everything done so quickly!
1 year ago
Joanne
It was smooth, took all the stress of reseaching the best mortgage. Easy access to appointments. TOM was great and understanding
2 years ago
Bhaven
Very very good thank you
2 years ago
Zubair
Charlie was very easy to talk too and made things easy and simple to understand and explained our options in detail which really helped us through the process as first time buyers.
2 years ago
James
Jason and his colleagues at UK Moneyman have been amazing from the start. When we began the process of house buying and finding a mortgage we knew very little, but Jason explained much to us in a telephone consultation and outlined all our options....
2 weeks ago
Samantha
Very impressed, service was really good and efficient and anything g that needed explaining was done very clear. Would definitely recommend
2 weeks ago
Shelline
Leo Shakespeare and Stacey Jopling has work long side each other to made this entire journey extremely smooth and informative as a first time buyer. His service has been phenomenal. I had been rejected from many other brokers and banks and he...
3 months ago
Nafesa
I have been dealing with Wendy and Malcolm in regards to my house purchase and I could not recommend these enough. A true credit to the company. Very efficient with communication and solving any issues that needed to be addressed. Would highly...
5 months ago
Anonymous
Incredibly helpful, supported throughout whole process
5 months ago
Nazeef
Fantastic experience. Charlie helped me race through to secure the most suitable mortgage offer, best plan for life and critical illness insurance. Very approachable and responsive even with any queries I had after everything was completed.
6 months ago
We’ll take an in-depth look at your existing mortgage to determine whether porting works for your next home.
If there’s a better mortgage deal available, we’ll highlight your options for flexibility or savings.
We’ll assess your new property and financial situation to confirm whether porting is possible.
If you cannot port your mortgage, we’ll present alternative mortgage products that align with your needs.
Once we decide on the best route, we’ll handle your mortgage application in full.
From porting your current deal to applying for a new one, we’ll ensure everything runs smoothly.
With your mortgage approved, the last step is to complete the process.
We’ll finalise all details, whether porting your existing deal or securing a new mortgage for your next home.
We offer a free, no-obligation mortgage review to help you decide whether porting your mortgage is the right move.
We’ll also compare other mortgage options to ensure you’re getting the most suitable deal.
Our access to thousands of mortgage products allows us to find the best match for you.
Whether you’re porting your current mortgage or looking for a new deal, we’ll secure the most affordable solution.
We provide a hassle-free service from start to finish.
Whether you’re porting your mortgage or exploring new options, we’ll manage everything to make the process stress-free.
Our team is available every day to provide advice when it works best for you.
Whether you’re porting your mortgage or exploring better alternatives, we’re always here to help.
If porting your mortgage isn’t the most suitable option, remortgaging with a new lender could provide better rates or more flexible terms.
This approach can help you reduce your monthly payments or secure a deal better suited to your needs.
If porting your mortgage in Leicester doesn’t align with your goals, applying for a new mortgage could open up alternative possibilities.
A fresh deal might offer more attractive rates and features for your circumstances.
Upsizing to a larger home often requires additional borrowing to cover the price difference.
Many lenders offer top-up loans, but these typically come with new terms or a different interest rate.
If porting doesn’t suit your plans, repaying your current mortgage early and taking out a new deal might be more beneficial.
While early repayment charges may apply, the savings from securing a lower rate could offset the cost.
A bridging loan is a short-term funding option that helps bridge the gap between selling your current home and purchasing your new one.
This option can provide immediate funds to keep your move on track.
If porting isn’t the right fit, a product transfer with your existing lender could be a faster and simpler alternative.
This allows you to switch to a new deal within the same lender, often with minimal paperwork and fees.
A joint mortgage can increase your borrowing capacity by combining incomes with another applicant, such as a partner or family member.
This option is ideal for buying a larger property or improving affordability.
Flexible mortgages offer features like overpayments, underpayments, and payment holidays, providing greater control over repayments.
This type of mortgage is well-suited for those with fluctuating finances or changing needs.
If you’re moving to a smaller property, downsizing can release equity from your current home.
This approach can help you reduce borrowing or fund your next purchase outright.
For older homeowners in Leicester, a retirement interest-only mortgage offers a way to keep monthly payments low.
With this option, you only pay the interest each month, while the balance is repaid when the property is sold.
Offset mortgages allow you to reduce the interest on your loan by linking your savings account to your mortgage.
This option is perfect for those with substantial savings who want to lower monthly payments or shorten their mortgage term.
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Leicestermoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.
UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.
© Leicestermoneyman 2025.
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Leicestermoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.
UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.
© Leicestermoneyman 2025.
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