understanding financial jargon
Some mortgages allow you to transfer the mortgage to a different property without penalty, even if a redemption charge would be payable on termination of the mortgage. Since the Portable mortgage is being transferred and not terminated, redemption penalties would not apply.
What to do if you need more help
If you need more help with your specific commercial loan, mortgage or insurance requirement please speak to a professional financial adviser.
We hope you found this information useful.
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