A product transfer is an alternative to a remortgage which simply means that you move your current mortgage from one product to another, with the same lender.

 

Some borrowers prefer to take this path of least resistance when it comes to getting a new deal at the end of their current fixed or tracker product.

 

Many will understandably be tempted by a mortgage process that takes little time or effort, especially if the product transfer rate is cheaper than a move onto their lender's reversion rate.

 

On the flip-side, others will be able to make substantial savings by remortgaging to a new lender and, if you are budget conscious, we’ll be able to research not only the product transfer options but also any savings that could be made by switching to a new mortgage from a different lender.​​