Considering whether to relocate, but don’t want to leave your mortgage behind with the house?
Find out how you can move your mortgage from one house to another with a helping hand from the experienced team of advisors at UKMC.
Can I keep my mortgage when I move house?
Yes, you can keep your mortgage when you move house through a process known as mortgage porting – if the mortgage deal is portable.
Mortgage porting simply allows an existing mortgage (including the current interest rate and term) to be transferred from a current property to a new one when moving home.
However, you will still need to submit a full application with a lender, including an affordability assessment.
What are the benefits of moving your mortgage with you?
So, now we know the answer to ‘Can you move a mortgage from one house to another?’, the next question we often get asked is ‘Should you?’.
While we always recommend speaking to one of our expert mortgage advisors to discuss your specific personal and financial circumstances, there are benefits to mortgage porting, such as:
Retain current interest rate
If you managed to secure a competitive or favourable interest rate when you took out your existing mortgage, porting allows you to take this with you rather than having to switch to a more expensive, higher-rate alternative.
Avoid Early Repayment Charges (ERCs)
Because you stay with the same lender, mortgage porting typically allows you to transfer the interest rate and term of your existing arrangement to your new home without incurring ERCs.
ERCs can be anywhere between 1% to 5% of the outstanding mortgage balance, depending on and how far you are into your initial deal period.
You know the lender
If you have a good relationship and positive experience with your current lender – whether that’s because they’ve provided outstanding support or you’ve been a loyal customer for decades – staying with a lender that you know, and trust, can offer valuable peace of mind.
Faster process
While reapplication is required, the application process is usually faster with mortgage porting as your existing lender already holds your details, meaning there could be less paperwork to fill in.
Not to mention, you also get to skip the exhausting process of conducting market research, sifting through different lenders, rates, and terms to find one more competitive than your current arrangement.
Potential to borrow more
If you have your eye on moving to a more expensive property than your current home, then you can usually port your existing mortgage and take out a separate additional mortgage to cover the extra amount required to cover the shortfall.
Eager to learn more about the benefits of mortgage porting? Talk to our team today and review your options by calling us on 01925 573328.
Areas to consider of moving your mortgage with you
Eligibility criteria
While most residential variable and fixed-rate mortgages can be ported, not all mortgages are portable, which can mean this isn’t an option for you.
And, even if your mortgage product is portable, you will still need to reapply with the lender and meet their eligibility criteria.
This is because your financial and personal circumstances may have changed since your original mortgage application, impacting your affordability.
Additional borrowing requirements
Planning on purchasing a new home that’s more expensive that your current property? If so, you might need to borrow more money to cover the additional cost.
The lender might offer you a separate mortgage for the extra amount, which could be subject to an arrangement fee, varying interest rates, and potentially different terms from the original loan.
Potential Early Repayment Charges (ERCs)
Early Repayment Charges (ERCs) may seem unusual if you’re taking your mortgage with you, but they can be triggered for a variety of reasons.
For example, if you’re moving to a less expensive property than your current home and therefore borrowing less than before, you could incur ERCs on the portion of the mortgage that you’re not taking with you.
Alternative new mortgage deals
Instead of mortgage porting, you can also choose to replace the existing mortgage entirely.
This is because sticking with your existing lender and arrangement means you could also be missing out on attractive new mortgage deals with lower interest rates or more favourable terms.
However, changing a mortgage before the end of its term may also result in ERCs. Plus, there may also be additional costs to consider, such as exit fees on your existing mortgage and arrangement and valuation fees for the new one.
Fuss-free mortgage guidance from UKMC
Still unsure whether to port your mortgage or choose a new deal when moving home? Our expert advisors can help you to understand the options and select the most suitable avenue.
Regardless of whether you need support understanding your affordability or weighing up the impact of any changes in your personal circumstances, we offer jargon-free advice and guidance.
To learn more about moving your mortgage from one house to another or any other aspect of moving home in 2026, please feel free to talk to the UKMC team.
Get the ball rolling today by simply calling us on 01925 573328.
Alternatively, you can also make an online enquiry.
Disclaimer
UK Mortgage Centre Limited is an Appointed Representative of Refresh Mortgage Network Limited.
Refresh Mortgage Network Limited is authorised and regulated by the Financial Conduct Authority. We are entered on the Financial Services Register under firm number 1019794.
As a mortgage is secured against your home, it could be repossessed if you do not keep up the mortgage repayments. The Financial Conduct Authority does not regulate some forms of buy-to-let mortgages.
The Financial Conduct Authority does not regulate will writing and taxation and trust advice.
You may be charged a fee for your advice. A typical fee is £495, which would be payable when you receive your mortgage offer. Your dedicated advisor will discuss this further on your free initial phone call.
Registered company number: 15825320
