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Sounds about right...
As of now then you have a house worth 300 and a mortgage of 190. So you're worth about 110.
If you port it and get a house for 500 then you'll have a house worth 500, a mortgage of 190 and a second mortgage of 200. So you're worth about 110.
And having a 78% LTV mortgage as you would do (390/500) is pretty sensible there too.
(obv stamp duty, solicitors fees etc) but it doesn't sound like you're missing anything.
Edit: what ^ said
duncs
useless
Alright lads, I'm a bit shellshocked as I've just got off the phone with my mortgage provider asking them if I can port the mortgage over and they've offered me a good £40k more than I thought I could get.
Here's my question. I've £190k to pay back on my current mortgage. I think I can sell this place for £300k, if so I think that means I've got about £110k for a deposit. Bank has offered me a £390k mortgage.
Now if I'm not completely insane that means I THINK I have about half a million to spend (max). That cannot be right though can it? Don't I have to pay something back somewhere? I literally feel like my brain is working at right angles with reality