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Existing customers moving home

What we can offer if you're looking to move home and you already have a mortgage with us

What we can offer

If you're moving home and keeping your mortgage with us, you’ll need to complete a mortgage application for the property that you’re buying. In most cases, you’ll sell and buy on the same day. You have 2 options to choose from: keep your current mortgage deal, or get a new one.

Option 1: Keep your current mortgage deal

When you move home and take your existing mortgage deal with you, this is known as ‘porting’ your mortgage. You can apply to port your existing deal if you’d like to borrow more, borrow the same amount, or less.

If you need to borrow more

You port your current deal to your new mortgage. You then choose a new deal for the extra amount you need to borrow.

For example, if your current mortgage balance is £100,000 but the total amount you need to borrow is £150,000, then £100,000 will be on your current deal, and you’ll pick a new deal for the extra £50,000.

Borrow the same or less

You port your current deal to your new mortgage. If you borrow the same amount, you won’t pay an early repayment charge (ERC). If you borrow less, you pay part of the ERC. Please note that ERCs only apply to fixed rate mortgages, not tracker rates or Standard Variable Rate.

For example, if your current mortgage balance is £100,000 but the total amount you need to borrow reduces to £75,000, then you'll be borrowing £25,000 less than you currently owe. This means you'll pay an ERC on £25,000.

Option 2: Get a new mortgage deal

If you have less than 6 months left on your current deal, you can choose a new deal for the whole amount you need to borrow. You won't pay an ERC if you're borrowing the same amount as your current mortgage, or borrowing more. There will be an ERC if you're on a fixed rate and you borrow less.

If you have more than 6 months on your current deal, you'll have to pay the full ERC that applies.

If you’re selling and buying on different days

You can choose either of the above mortgage deal options. If you sell and buy on different days, you’ll need to pay the full early repayment charge amount. If you buy your new home within 3 months of paying off your previous mortgage (6 months if you're buying a new build property), we'll automatically send any refund due within 4 weeks of the date your mortgage completes. If you don't complete on your new mortgage within these timescales, then you won't be able to port your existing mortgage deal to your new home and any ERC you've paid won't be refunded.

If you have a Flexible Offset mortgage and want to keep your rate and other features, you must sell and buy on the same day.
 

How much could I borrow?

How much could I borrow?

Ways to apply

Already have Online and Mobile Banking?

Get a free, instant decision in principle. We’ll then arrange an appointment to continue your application by phone. 

Log on, choose your mortgage account, then 'Manage My Mortgage’.

Don’t have Online and Mobile Banking?

To get a decision in principle online, you first need to be registered for Online and Mobile Banking.

0800 092 3881

Our mortgage team is here to help 9am to 7pm Monday to Friday and 9am to 2pm Saturday.

Manage your move with Santander and our trusted partners. Get quotes for AnyVan to help you move hints tips and more
 

YOUR HOME MAY BE REPOSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Applications are subject to status and lending criteria. Applicants must be UK residents aged 18 or over.