Loan portability allows borrowers to transfer their existing mortgage to a new property when moving home, which can save borrowers from repeating the process of getting a mortgage every time they move. If changes need to be made (for example, if additional financing is needed), borrowers may have to take out a new mortgage instead.
This information in this article is general only and does not take into account your individual circumstances. It should not be relied upon to make any financial decisions. uno can’t make a recommendation until we complete an assessment of your requirements and objectives and your financial position. Interest rates, and other product information included in this article, are subject to change at any time at the complete discretion of each lender.