Is a product transfer free?

There are typically no legal or valuation fees. However, the new deal may have a product fee (just like any mortgage product). We'll factor all costs into our comparison.

Can I borrow more with a product transfer?

Some lenders allow limited additional borrowing with a product transfer, but many don't. If you need to raise capital, a full remortgage is usually necessary.

Do I need a solicitor for a product transfer?

No. Since you're staying with the same lender and the property title doesn't change, no legal work is required.

How long does a product transfer take?

Often just a few days to a couple of weeks — much faster than a full remortgage which typically takes 4-8 weeks.

Mortgage Product Transfers

A product transfer lets you switch to a new deal with your current lender — often faster and cheaper than a full remortgage. We check both options to find you the best rate.

What Is a Mortgage Product Transfer?

A product transfer (also called a rate switch) means moving to a new mortgage deal with your existing lender rather than remortgaging to a different one. It's typically simpler, faster, and involves no legal fees or property valuation. However, it's not always the cheapest option — sometimes remortgaging to a new lender offers a significantly better rate. We compare both to ensure you get the best deal.

No legal fees or valuation costs
Faster completion — often within days
No affordability reassessment in most cases
We compare product transfer vs full remortgage rates
100% fee-free advice on your best option

Step 2 of 4

Tell us about the property

Estimates are fine — we'll refine the numbers together.

Property Value (£) *

Deposit Amount (£)

Annual Household Income (£)

Your home may be repossessed if you do not keep up repayments on your mortgage.

Product Transfer vs Remortgage

A product transfer keeps you with the same lender on a new rate. A remortgage switches you to a different lender entirely. Product transfers are simpler (no solicitor, no valuation) but may not offer the best rate. We compare both options side by side so you can make an informed decision.

When Product Transfers Work Best

Product transfers are ideal when your current lender's rates are competitive, your property value hasn't increased much (limiting remortgage benefits), you want minimal hassle, or your circumstances have changed in ways that might make a new lender's affordability assessment challenging.

When Remortgaging Is Better

A full remortgage may be better if another lender offers a significantly lower rate, you want to borrow more (most product transfers don't allow additional borrowing), your property has increased in value (better LTV = better rates), or you want to consolidate debts.

Timing Your Product Transfer

Most lenders allow you to arrange a product transfer 3-4 months before your current deal expires. This locks in the new rate without penalty. We'll contact you before your deal ends to ensure you get the best available option.