Moving Up the Ladder (Porting & Top-Up)

Client Profile

A growing family upsizing from a 2-bedroom home to a 4-bedroom house in the Suffolk countryside.

The Challenge

They still had 3 years left on a low fixed-rate mortgage deal and did not want to trigger an expensive Early Repayment Charge (ERC) to move.

The Figures

• New Property Purchase Price: £480,000
• Ported Mortgage Balance: £210,000 (Remaining at 2.5%)
• Top-Up Borrowing Required: £150,000 (New rate at 4.40%)
• Total New Combined Mortgage: £360,000
• Overall LTV: 75%
• Term: 25 years
• Blended Monthly Repayment: Approx. £1,815

The Outcome

JMB co-ordinated directly with their existing lender to seamlessly “port” their current cheap deal over to the new property while securing the extra top-up loan on a synchronized term, saving them thousands in exit fees.