Quick Answer
Portable Mortgage — Can You Take Your Mortgage With You?: Use our mortgage calculator and read our full hub guide to understand your options. Always compare rates using a whole-of-market broker.
- Loan-to-value bands (95/90/85/80/75%) drive pricing — a small extra deposit can cross a cheaper band
- Get a soft-search decision in principle first — it costs nothing and reveals problems early
- Whole-of-market brokers see deals comparison sites don't carry, especially for non-standard income
- Compare total cost over the fixed period — rate plus fees, not headline rate alone
The Details That Decide Outcomes
Decision in principle first, property search second. It's a soft-search estimate of your borrowing power that estate agents increasingly require before viewings, and it surfaces problems months before they can derail a purchase.
Nothing moves your rate more than loan-to-value. Lenders price in bands — 95%, 90%, 85%, 80%, 75% — and even £1,000 more deposit can drop you into a cheaper band. Ask your broker to model both sides of the nearest band: on a £250,000 loan that's £2,000–£5,000 over a fix.
Portable Mortgage — Can You Take Your Mortgage With You?
This guide explains everything you need to know about portable mortgage in the UK. We cover how it works, who qualifies, and what to watch out for.
Key Points
- Compare the overall cost of any mortgage, not just the headline rate
- Consider arrangement fees, valuation fees, and early repayment charges
- A whole-of-market broker can access deals not available direct
- Always check the lender is FCA authorised ↗
Current Mortgage Rates (2025)
| Product | Rate (from) | LTV |
|---|---|---|
| 2-year fixed | 4.1% APR | 60% LTV |
| 5-year fixed | 4.3% APR | 60% LTV |
| 2-year tracker | 4.8% APR | 75% LTV |
| 10-year fixed | 4.6% APR | 60% LTV |
Rates are indicative and change daily. Check lenders directly for current offers.
Trusted Resources
- FCA — Mortgage Information ↗
- MoneyHelper — Buying a Home ↗
- MoneySavingExpert Mortgages ↗
- Which? Mortgages ↗
Frequently Asked Questions
It's optional, yet a whole-of-market broker sees deals that never appear on comparison sites, and knows which underwriters accept your income type. Many are fee-free and paid by the lender.
Most fixed deals allow 10% overpayment per year without penalty. Overpaying early in the term saves the most interest.
You move to the lender's standard variable rate, usually 2–3 percentage points higher. Start remortgage shopping 6 months before the end date.
Expect £1,500–£3,500 covering valuation, legal work, searches and any lender arrangement fee. First-time buyers get stamp duty relief on lower-priced homes.
Lenders cap borrowing at 4.5x income for most applicants. Some banks stretch to 5.5x for qualifying professions or joint incomes over £60,000.
Yes, though your options narrow. Specialist lenders accept defaults and CCJs older than 24 months, typically at higher rates. A broker who works with adverse-credit lenders is essential here.
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