Porting an Alliance & Leicester Mortgage

Posted on 25 January 2015 by Jo upchurch

If I sell my property can I port my existing Alliance and Leicester mortgage?  I would be adding more money in to the deposit so I could buy something of higher value but keeping mortgage the same amount.

Hi Jo,

Unless you are paying the Alliance & Leicester Standard Variable Rate (SVR) you should be able to port your existing product. You will need to meet current lending criteria and the new mortgage must be for house purchase/home ownership and not for a remortgage of an existing property.

You need to phone Alliance & Leicester directly on 0800 051 0426 to arrange this transaction.

If you are on their SVR then you will need to look at new mortgage deal. In this instance I recommend that you speak to an independent mortgage adviser about your requirements.

Answers provided in response to Ask the experts are based on the information provided and do not constitute advice under the Financial Services & Markets Act. They reflect the personal views of the authors and do not necessarily represent the views, positions, strategies or opinions of John Charcol. All comments are made in good faith, and John Charcol will not accept liability for them.

We recommend you seek professional advice with regard to any of these topics where appropriate.


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