Overpay mortgage before moving? Or port it?
Overpay mortgage before moving? Or port it?
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Discussion

Matt..

Original Poster:

3,961 posts

213 months

Friday 3rd February 2023
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I have a small mortgage and really want to move. Obviously right now is a terrible time to move so in reality I’m looking at a year or two away. I have a 5yr fix at ~1.5% and mortgages now are significantly more expensive. Should I overpay and clear this mortgage, or save money and port this mortgage and get a second on a new house in a year or two?

sniff diesel

13,124 posts

236 months

Friday 3rd February 2023
quotequote all
Any decent savings will out perform your current mortgage rate, so save and port your mortgage over if you can