Tuesday, 15 March 2011

Moving house this year? Beware the 'portable' mortgage traps | Mail Online

Moving house this year? Beware the 'portable' mortgage traps | Mail Online

Ready to move house this year? Well don't expect an easy ride from your building society.

Almost all modern mortgages claim to be 'portable' - the small print will include a phrase saying you can transfer your loan to a different property.
But the dreaded 'terms and conditions' apply. These have been enforced since the start of the credit crunch - and can trap owners in homes they no longer want ...

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