When you buy a new home, you’ll take out a new mortgage. If you intend to take out this new mortgage with ING, ING will assess whether you qualify for it. While this means that you will not port your current mortgage to ING, you may, under certain conditions, be able to port the mortgage rate terms from your old mortgage to your new ING mortgage.
"},"alignedImage":{"position":"left","transformBaseUrl":"https://assets.ing.com/transform/f59d1324-25e7-4021-9fc5-37d6ce212e21/movingboxescatdogspotnopadding","original":"https://assets.ing.com/m/5bc05ededa79aa06/original/movingboxescatdogspotnopadding.svg","extension":"svg"}},{"componentType":"sectionTitle","title":"Porting your mortgage rate terms. Here's how:"},{"componentType":"accordion","accordionList":[{"title":"1. Porting the time remaining on the fixed-rate period for your old mortgage","richBody":{"value":"With this option, the fixed-rate period from your old mortgage will continue unchanged for your new mortgage. This may apply to your entire loan or just part of it. The new loan part cannot be more than the amount of the old loan part that has already been paid off. The ported mortgage rate terms will remain valid for the remainder of the ported fixed-rate period. The old mortgage rate will, however, be corrected based on the new loan-to-value ratio for the new mortgage. This option is available on the condition that, on the date the offer is issued, there is still at least one year to run on the fixed-rate period for the loan part you want to take with you.
"}},{"title":"2. Mortgage rate averaging","richBody":{"value":"If the interest rate on your old mortgage is lower than the current rate for similar mortgages when you apply for a new mortgage offer, you can also use the mortgage rate averaging option. This option lets you choose a new fixed-rate period for your new mortgage and port the mortgage rate terms from your old mortgage to your new mortgage through rate averaging.
If the current mortgage rate is relatively low, you can also choose the current rate. In that case, you will not take your mortgage rate with you.
"}}]},{"componentType":"sectionTitle","title":"Porting your mortgage rate. What are the conditions?"},{"componentType":"paragraph","richBody":{"value":"The mortgage portability option is subject to the following conditions:
Splitting up
If you have a mortgage together with your partner and you’re splitting up, you can divide the mortgage rate terms between you for each loan part. This is subject both to the conditions above and the conditions below.
Schedule a free phone consultation now or contact an independent adviser. ING works with over 2,700 independent advisers.
"}}]},"legalZone":{"flexComponents":[{"componentType":"paragraph","title":"Good to know","richBody":{"value":"The English text of the website is a translation of the Dutch original version. This translation is intended for the customers convenience only. In case of any discrepancies between the two versions, the original Dutch version shall prevail. The mortgage offer and contract will be signed in Dutch. Also, all further communication after signing the mortgage contract will be in Dutch. You acknowledge and accept this. If any assistance or clarification is needed, we recommend contacting your mortgage advisor or to call our customer service via the ING app.
"}}]}}}