Case Study – Emily’s Smooth Mortgage Porting Transition

Emily's Smooth Mortgage Porting Transition

Emily’s Mortgage Porting Case Study

In this case study, we explore the advantages that UK expatriates gain by transferring their mortgages to align with their evolving personal situations and mortgage objectives. By collaborating with knowledgeable and specialist Expat Mortgage brokers at Liquid Expat Mortgages, our client successfully maneuvered through the mortgage porting procedure, resulting in customised and advantageous solutions tailored precisely to their unique requirements.

The scenario.
Emily, a UK expat, who’d been living in Australia for 17 years, made the decision to move back to the UK permanently with her family. She had taken out a Residential Fixed Rate mortgage via Liquid Expat Mortgages three years previously on her UK property and wanted to retain her favourable interest rate when moving back. She had made an offer on a new home- which had been accepted – which would meet her family’s needs and was ideally placed for her work commute three days a week.

She contacted Liquid Expat Mortgages as she’d heard about mortgage porting and wanted to explore the option of porting her mortgage further. The Liquid Expat adviser facilitated communication between Emily and her lender, including all required documentation and prepared comparable with other mortgages products she might have normally considered when buying anew home.

The outcome.
After presenting all the options available to her Emily considered the costs and terms carefully before ultimately “porting her mortgage”. By choosing this product she was able to avoid early repayment penalties and secure her preferred interest rate for the remaining term of her mortgage. This enabled her to transition back to the UK seamlessly while maintaining financial stability at a time when she was likely to incur substantial relocation costs.

Mortgage Porting Solutions

As qualified and Experienced Mortgage Consultants we are available to help guide you through the entire process. We will be able to advise you based on your unique circumstances, including your income, credit score, and property type. We can help you find the right lender and mortgage product.

Remember, porting a mortgage can be convenient, but it’s crucial to consider all your options carefully, as a new mortgage deal may offer better terms or financial advantages. Weigh the pros and cons, crunch the numbers, and ensure that your decision aligns with your current financial situation and future goals.

For more personalised guidance, consider talking to a Expat Mortgage Broker at Liquid Expat Mortgages to make an informed choice regarding your mortgage during your move.

Find Out More