Family property swap/exchange. Can mortgage on one property be ported to other property?

Hi,
I want to sell my property and buy a property in a different town.

I then want to swap this new property with my parent's property.

There will be a mortgage on the new property and none on my parent's property.

Thanks!

Will all lenders allow me port the mortgage from the new property to my parent's property ?

I want to do this so that there is no mortgage on the new house which my parents will then own and live in.

No, the lender will not allow you port your mortgage.

Why don't you buy your parents' property with a mortgage.

Then let them buy the new property with the proceeds?

Much simpler.

Brendan Burgess said:

Much simpler.

Click to expand...

Plus it avoids one set of transaction/conveyancing (and stamp duty?) costs.