Porting
Our system currently doesn’t support porting applications, we handle the process manually using the forms on this page.
If you need other forms, you can find them on the Forms page.
What is porting?
Porting your client’s mortgage is where your client is buying a new home, but they’re keeping their existing mortgage product. So, you ’port’ this from their current home to their new one.
Benefits of porting:
- Your client could keep their existing rate and avoid any early repayment charges
- If your client is in the final 6 months of an existing product, they can port and a new product can be chosen at the same time, without having to wait for their existing product to end
- If the porting application completes within 6 months of the previous property being sold, we may refund any early repayment charges
Key information
- Your client will need to meet our new lending criteria
- A product should be chosen from the new lending range if the client needs a top up loan
- Your client may not be eligible for a higher loan amount
- We can't port Shared Equity, Right to Buy, First Homes and Help to Buy products
- Your client may be able to port a Shared Ownership product if moving to another Shared Ownership property
- The process may take longer if other changes are being made to the mortgage, such as a transfer of equity or borrowing more money
- Once your client's application has been approved, it can take up to five working days to produce the offer document
Early repayment charges
- In some circumstances, we can waive early repayment charges. We may do this if your client is borrowing the same or more than their current mortgage, and if the previous mortgage and the new mortgage redeem and complete on the same day
- If there's a delay between redemption and completion, your client must pay the early repayment charges in full. As long as the new mortgage completes within 6 months of the previous property being sold, they'll receive a refund 14 days after completion of the new mortgage
- If your client is looking to borrow less than their current balance, they'll need to pay the early repayment charges in full. We'll issue a refund which excludes the early repayment charges for the balance that has been paid off, and takes into account any overpayment allowances your client may have
- We can look to waive early repayment charges for:
- Shared Ownership to Residential (staircasing to 100%)
- Shared Equity, Right to Buy, First Homes and Help to Buy to Residential
Steps to submit a porting application
Follow the steps and fill in the documents on this page to submit a porting application.
You can complete the documents digitally and send them via email to speed up the process.
If you need any help submitting a porting application, contact your Business Development Manager.
Step 1
Get a mortgage illustration
To get an illustration for a porting case, please use our illustration request form.
Illustration request form (Word, 114KB)
Once completed, email to ESIS@leedsbuildingsociety.co.uk
Your request may take up to five working days to be completed, but we try to provide a same-day service where possible.
Step 2
Complete a Decision in Principle (DIP)
To get a DIP, please use our editable Decision in Principle form.
Decision in Principle (editable) (PDF, 277KB) (opens in a new window)
The form’s editable so you can fill it out on your computer.
Once completed, email to OfflineDIP@leedsbuildingsociety.co.uk
Step 3
Complete a mortgage application
Once you’ve got the DIP response, you can complete the mortgage application.
Mortgage application form (editable) (PDF, 782KB) (opens in a new window)
The form’s editable so you can fill it out on your computer.
Once completed, email to MLDInputteam@leedsbuildingsociety.co.uk
Please quote the application reference from the DIP response in the subject box.
Wet signatures are required for the following and are located on pages 13 & 14 of the application form:
- Authority to obtain reference
- Direct Debit instruction
- Your Agreement
Step 4
Send supporting documents
Once received, we’ll allocate the application to a dedicated underwriter.
Email all supporting documentation to LBSsecurecomms@leedsbuildingsociety.co.uk
Please quote the application reference in the subject box.
Frequently asked questions
Once we’ve assessed the decision in principle, we’ll give you a reference number for the porting application. Include this reference in the subject line of any emails and quote it when you call for updates.
Your client already has an existing Leeds Building Society account number which needs to be input on the mortgage application form but isn’t needed anywhere else. Please be careful not to confuse the client’s account number with the porting reference number, as doing so may cause delays.
There are two ways to request amendments. You can call our Mortgage Service Desk on 03458 480 061 to discuss the changes you need to make, and they’ll send the information to the underwriting team to update.
Alternatively, you can send an email to LBSsecurecomms@leedsbuildingsociety.co.uk with instructions on what you’d like to change. Don’t forget to include the application reference in the subject box.
Case updates will be sent via email. Alternatively, you can call our Mortgage Service Desk on 03458 480 061 to get an update as well as make payments for any outstanding fees.
An automated email comes through when the case is offered on the system. Due to the nature of the application, the offer can take five working days to be produced and sent to yourself and the client.
The first payment will be taken 14 days after the funds are released. We’ll also send a letter to the customer to confirm what the payment will be. This payment will cover the initial interest but may also include the first full monthly payment as well.
If the customer’s preferred payment date is within these 14 days, we'll take the interest payment and the first regular monthly payment. This means one larger than normal payment, with the regular payment starting the following month.
If the customer's preferred payment date is after these 14 days, we'll take the initial interest payment and then take the first regular payment on their preferred payment date. This may mean two payments in the same month, initial interest and the first regular payment.
We'll pay a 0.40% procuration fee of the loan amount as shown in the offer for residential lending and 0.50% for buy to let lending.
We'll pay the procuration fee on the 15th day of the month following completion of your client's mortgage to your chosen payment route. These payments can take two working days to reach your chosen payment route. If the 15th lands on a weekend or bank holiday, the procuration fee will be processed on the next working day.
Please note:
Leeds Building Society only accepts mortgage applications from intermediaries where they are providing an advised sales service, with the exception of Buy to Let & Holiday Let applications. It is the responsibility of the intermediary to ensure that all applicable law including, without limitation, the Financial Conduct Authority rules on advised mortgage sales are complied with including, without limitation, the provision of adequate explanations.