Porting a tesco mortgage
Porting a tesco mortgage
Author
Discussion

goingonholiday

Original Poster:

316 posts

210 months

Sunday 2nd June 2019
quotequote all
Quick question for mortgage brokers or someone in the know. I have a fixed deal with tesco on main residential home. Looking to move home and port the mortgage. The LTV will stay well within the product we are on and we do not need additional borrowing. If they sell to an inactive lender, could that lender prevent porting?

Thanks

anonymous-user

83 months

Sunday 2nd June 2019
quotequote all
Depends on the exact t&c of the mortgage, but if the buyer of the mortgage book wants to prevent you porting, it can likely find a way

Is it (even) portable now?

goingonholiday

Original Poster:

316 posts

210 months

Sunday 2nd June 2019
quotequote all
T&Cs say it is and spoken to tesco, they say yes. Just worried what the impact is of an inactive lender!