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Existing Customer

Move Property

Thinking of moving your mortgage to a different property?

If you’re looking to purchase another Buy to Let property, you could port your mortgage rate to the new property. ‘Porting’ simply means transferring your existing Bank of Ireland mortgage rate to your new property. All Bank of Ireland mortgage rates are portable, subject to the terms and conditions of your original Mortgage Offer and our current lending criteria. However you cannot ‘port’ your Bank of Ireland mortgage loan to a property you already own.

Why ‘port’ your current mortgage?

  • Keep your current promotional deal
  • No Early Repayment Charges (ERCs) if you're still in your promotional period and complete the sale of your current property and the purchase of your new property within a 3 month window. Early Repayment Charges (ERCs) will apply if you don’t meet our requirements. Please read Moving House and Porting your Mortgage Rate (PDF) to find out more.
  • If the house you are moving to is less expensive then you can take your mortgage with you and redeem (pay back) part of the mortgage. Please note that if you are within your promotional period you would need to pay Early Repayment Charges (ERCs) on the amount of your mortgage you redeem

Your mortgage loan is secured on your current property; if you would like to port your mortgage rate you'll need to apply for a new loan for your new property, before you redeem your current mortgage. Your new loan will be subject to the terms and conditions in effect at the time of the new application, and a lending fee of £195 will apply to the new mortgage. You’ll need to pay the lending fee on the current mortgage (if this hasn’t already been paid) and for a valuation of the new property. When porting your existing mortgage rate, your new mortgage loan will be subject to full underwriting checks, including income assessment and credit checks. Please see our guide to Moving House and Porting your Mortgage Rate (PDF).

A ‘RECEIVER OF RENT’ MAY BE APPOINTED AND/OR THE PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

If you’d like to transfer your mortgage to a property you’re purchasing, or take advantage of our choice of rates and borrow more call us on 0345 300 8000* for more information.

If you’d like to transfer your mortgage to a property you’re purchasing, check whether or not your mortgage is still in its promotional period. You can find this out by looking at your last mortgage statement. We can also look this up for you when you call us.

I’m still in my promotional period

If you're within your promotional period, it’s no problem. You can apply to transfer (port) your current rate to a new mortgage which is subject to our normal underwriting criteria and means you won’t have to pay any Early Repayment Charges (ERCs). There are timing implications depending on whether the sale of your current property and purchase of a new property are taking place at the same time – please see our FAQs for more details.

My promotional period is finished

If you're not in your promotional period, you can either take your existing mortgage rate with you or change your mortgage to one of our great property mover deals.

Borrow more

Should the need arise, you could also apply to borrow more. You could keep your existing balance on your current rate and ‘top up’ with one of our great property mover deals (subject to meeting our lending criteria).

Read our Frequently Asked Questions for more information on porting your mortgage to a new property.

If you’re interested in moving your Buy to Let investment to a new property, take a look at our great property mover deals, which may be available to you.

If you’d like to port your mortgage rate to a new property you are purchasing please call us on 0345 300 8000*. Please note we will check that you and your new property meet our current lending criteria. We will also need to undertake an affordability check and an underwriter assessment.