@lodestonemp: Can You Move Home During a Fixed Rate Mortgage? 🏡 Got a fixed rate but ready to move? Here's what you need to know: ✅ Porting: Most mortgages are portable, meaning you can transfer your fixed rate to a new property. Always check your original mortgage terms to confirm. 📉 Borrowing less: If you're reducing your mortgage balance, expect penalties for paying off part of your mortgage early. 💰 Borrowing more: This is where it gets tricky. If you need extra funds, your lender will likely offer a new product, and the fixed rates will end at different times, limiting your future remortgaging options. 🔄 Stuck with the same lender: Having two different end dates on your mortgage could lock you into a cycle with your current lender, preventing access to better rates elsewhere. 🏠 What to do: Porting during a fixed rate is complex. For the best advice and options tailored to your situation, consult an experienced broker like me. 📞 Thinking about moving? Get in touch today! Contact us to discuss your options. ➡️ https://lodestone.mortgage/moving-house/ This video is not advice. It and the comments in it are for information purposes only. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. Lodestone may charge a fee for mortgage advice. The precise amount will depend on your circumstances, but it will not exceed £599. Integer Advice Ltd t/a Lodestone is an appointed representative of Stonebridge Mortgage Solutions Ltd, which is authorised and regulated by the FCA. #ukmortgage #remortgage #MortgageAdvice #FixedRate #Porting #UKProperty #MovingHouse

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