Moving home with us
As an existing customer looking to move home you can apply to take your current mortgage deal with you.
The mortgage will be secured on your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
If you already have one of our Family Building Society mortgages and you're looking to move home, then you'll be pleased to hear that you can take your current mortgage with you - this is known as 'porting', transferring your existing mortgage to a new property.
If you port your mortgage, you also have the option to borrow more should you choose to. Any additional borrowing must be taken using a new mortgage from our current range of products available.
Alternatively you can start a new mortgage product, but you may need to pay an early repayment charges which are due on your existing mortgage. See 'Early Repayment Charges' below for further information.
Whichever route is right for you please remember to let us know in good time.
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Exclusive benefit for existing mortgage borrowers
As an exclusive benefit for our existing borrowers, who are moving home and taking out a new owner occupier mortgage with us, you do not have to pay a valuation fee for a property value of up to £500,000 and the valuation fee will be discounted by £330 if your property value is above £500,000.
After successful completion of the porting application we will also refund the £175 application fee.
Early Repayment Charges
If your existing mortgage product includes an Early Repayment Charge, by changing your mortgage product you will incur this charge. To avoid this, and as long as the property you are moving to meets our standard lending criteria, you can apply to transfer your existing mortgage product terms to a new mortgage on the new property. Provided your sale and purchase take place at the same time, no Early Repayment Charge will be payable.
If you intend to repay part of your existing mortgage when you move please remember to check the terms to establish how much the Early Repayment Charge will be. The charge will only be applied to the amount of the loan repaid.
Looking to borrow more?
If you want to borrow more on your mortgage we have a range of mortgage products available.