You may be tied into your mortgage, by way of Early Repayment Charges (ERC's) however, this does not necessarily tie you to your present home. Many mortgage products enable you to potentially transfer your existing mortgage to a new property should you wish to move. The first thing here at Yellow Brick Mortgages we will look to do in this circumstance is to review your existing mortgage product to see if you are eligible to port your mortgage in such a way. Once we have ascertained that this is a viable option, we will compare this to any other options that may be available and based upon your need present a solution to you. We are specialists in being able to advise you of your options in these circumstances and can liaise with your existing lender to find out affordability for any additional lending that may be required and criteria requirements to validate the choices available. If porting your existing mortgage is your most appropriate option, we can process and administer this entire process on your behalf taking the stress away and giving you your time back to spend as you see fit.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE