top of page

Product Transfer

A product transfer (also known as a product switch) is the process of switching from one mortgage deal to another with the same lender, rather than re-mortgaging with a different lender. This allows existing borrowers to move from their current mortgage product to a new one that may have better terms, such as a lower interest rate or different repayment options.  

It can be a more streamlined process than switching to a new provider, as it may not be necessary for the lender to complete a credit check as they already have your financial information on file and can assess your eligibility based on your

existing mortgage history. 

Specific details and procedures for product transfers may vary between lenders and there may be some costs to consider. 

These may include: 

  • An early repayment charge to your mortgage product if you are still within the initial term of your mortgage. 
  • A product transfer fee for switching to a new product. 
  • Charges for a valuation

By speaking to one of our advisors, we can inform you of the most up-to-date information and discuss your individual circumstances and options to help you decide if a product transfer is the right option for you. 

bottom of page