MOVING HOME & MORTGAGE PORTING
Moving home, or wondering about porting?
Whether you’re arranging a new mortgage or exploring whether your existing deal can move with you, we’ll help you understand the options and what each route could mean for your move.
TWO POSSIBLE PATHS
Two different journeys, one clear starting point.
Moving home could mean arranging a new mortgage, porting your existing deal, or sometimes porting and borrowing more. We’ll help you understand what may be available and how each route could affect your move.
YOUR TWO ROUTES
A new mortgage, or a possible port.
Explore a new mortgage
If a new mortgage may suit your circumstances, we’ll research suitable options across the market and explain how they compare with keeping your existing deal.
Look into porting
If your mortgage is portable, you may be able to take the existing deal to your new property with the same lender. You’ll normally need to apply again and meet the lender’s current affordability and lending criteria.
WHAT CAN AFFECT THE DECISION
Factors that can shape your options.
A number of things can influence whether a new mortgage or porting makes more sense for your move, and lenders weigh these differently.
Your lender’s porting rules
Each lender sets its own conditions for porting, and not every mortgage deal is portable.
A fresh affordability check
Even when porting is available, your lender will normally reassess your income, commitments and circumstances.
Your new property and loan-to-value
The value of your new property and the amount you need to borrow can affect your loan-to-value and the mortgage options available.
Any extra borrowing you need
If you need additional borrowing for the new property, that extra amount may be assessed separately and could be offered on a different mortgage deal or rate.
Changes to your income or credit
Changes in employment, income, commitments or credit history since your last mortgage can affect what may be available.
Any early repayment charges
Leaving your current mortgage early may involve an early repayment charge, so we’ll help you factor that into the comparison.
HOW WE HELP
Clarity, whichever route fits.
Checking your porting options
We’ll review your existing mortgage and help you understand whether porting may be available and what your lender will need to assess.
Comparing new mortgage options
Alongside the porting route, we can research suitable mortgage options across the market so you can understand the alternatives.
Guiding the timing of your move
We’ll help you understand how the mortgage stages fit around your move and keep you informed as your application progresses.
THE MOVING JOURNEY
Four simple steps.
1. Tell us your plans
We’ll talk through your move, your existing mortgage and what you’re hoping to achieve.
2. We check your options
We explore whether porting may be available and compare it with suitable new mortgage options.
3. We support your application
Once you decide how you’d like to proceed, we help prepare the application and keep you informed as it progresses.
4. You move in
Once your mortgage and purchase complete, you can collect the keys and move into your new home.
WHY PK MORTGAGE SOLUTIONS
Advice that considers the whole move.
Moving home rarely comes with one obvious mortgage answer. We’ll lay out the routes clearly, explain the trade-offs and help you understand how porting compares with arranging a new mortgage.
Whole-of-market research
We research suitable mortgage options from across the market alongside your existing porting position.
Clear explanations
We explain what each route involves, including affordability, additional borrowing and potential charges, so you can understand the differences clearly.
A few things you might be wondering.
Ready to talk through your move?
Tell us about your move and your existing mortgage, and we’ll help you understand the routes that may be available.
