Port existing product(s)

Existing Abbey mortgage customers can port their existing product(s), including SVR, to a new property providing it is for house purchase/homeownership but not to a property being re-mortgaged. No Early Repayment Charge is payable if your customer completes on their new mortgage at the same time as they redeem their existing one and borrows at least the same amount.

Existing Abbey mortgage customers who have any part of their existing loan on an interest only basis can port their product(s) to a new property, subject to certain conditions:

• the new overall LTV is over 50% and less than or equal to 75%
• any part of the new mortgage is remaining on an interest only basis
• the loan amount on interest only stays the same or reduces
• the overall lending is the same amount as the existing loan or less, no Top-up allowed

We reserve the right to withdraw this in the future.

These customers should contact us direct on 0800 011 3506. This is a customer only line and we are unable to pay a proc fee for these cases.

However, where your client wishes to port their existing product(s) and borrow more on their new property and the new LTV will be above 50%, they can add to their existing loan by using either our Top-Up product (max LTV 85%) or any product from our current New Business range (except our Flexible Offset products). You can process these applications in the normal way on a capital & interest basis and you will receive a proc fee on the total mortgage loan as usual.

For more information about how to obtain existing Abbey mortgage details, please click here

For further information on our porting and ERC policy, please go to our Lending criteria