Mortgage advice that’s as unique as you are

A product transfer, sometimes referred to as a rate switch, allows you to move from your current mortgage deal to a new mortgage product with your existing lender, without changing lenders.

If your current fixed, tracker or discounted rate is coming to an end, your lender may offer a range of new mortgage products. Choosing the right option can help ensure your mortgage continues to meet your needs and may help you avoid moving onto your lender’s Standard Variable Rate (SVR), which is often higher than promotional mortgage rates.

Although a product transfer can often be a straightforward process, it is still important to consider whether remaining with your existing lender is the most suitable option. In some circumstances, switching to a different lender could provide a more appropriate solution depending on your personal circumstances, borrowing requirements and the products available.

How We Can Help

We will:

• Review your current mortgage and existing lender’s available products.
• Explain the features and costs of each available option.
• Compare whether remaining with your current lender or considering a remortgage may be more suitable.
• Provide personalised mortgage advice based on your individual circumstances.
• Manage the application process where appropriate and keep you informed throughout.

Benefits of a Product Transfer

A product transfer may offer several advantages, including:

• Usually a simpler application process.
• In many cases there is no need for a property valuation.
• Legal work is often not required.
• It may be completed more quickly than changing lender.
• You can secure a new interest rate before your current deal ends.

However, a product transfer is not always the most suitable option. We will help you understand the alternatives before you make a decision.

Is a Product Transfer Right for You?

A product transfer may be suitable if:

• Your current mortgage deal is coming to an end.
• You are happy with your existing lender.
• Your borrowing requirements have not significantly changed.
• You do not require additional borrowing or major changes to your mortgage.

If your circumstances have changed, or you wish to borrow more, move home or alter your mortgage significantly, other mortgage options may be more appropriate.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE