Product Transfers
Is your current mortgage deal coming to an end? Find out if switching to a new rate with your existing lender is the right move for you.
Speak to an AdvisorWhat is a Product Transfer?
A product transfer simply means staying with your current mortgage lender but switching to a new interest rate (like a new fixed or tracker deal) when your current one expires. It’s an alternative to remortgaging to a completely different bank or building society.
Fast and Simple
Because you are staying with the same lender, they already know your history. There are usually no new legal fees, no new property valuations required, and the process can be completed very quickly.
Less Paperwork
You generally won't need to provide new payslips, bank statements, or undergo a full affordability check, making it ideal if your circumstances (like your income) have changed recently.
Product Transfer vs. Remortgaging
Why stay with your lender?
- Very quick to arrange with minimal paperwork.
- No legal fees or valuation fees in most cases.
- No new credit checks, protecting your credit score.
Why look elsewhere?
- Your current lender might not offer the cheapest rates on the market.
- If your property has gone up in value, another lender might offer a better Loan-to-Value (LTV) tier.
- You might want to borrow more money, which another lender may be more willing to approve.
Let us compare the market for you
We can look at the product transfer rates your current lender is offering and compare them against the entire market to ensure you are getting the absolute best deal.
Review My MortgageThe Transfer Process
Switching deals with your current lender is a streamlined process.
Current Deal Review
We analyze your existing mortgage and see when your current rate expires.
Lender Comparison
We check your current lender's 'retention' rates against the rest of the market.
Rate Selection
We help you choose the best new deal, whether it's with your current bank or a new one.
Seamless Switch
We handle the switchover so you move to your new rate the moment the old one ends.