Product Transfer
Your current deal coming to an end? A product transfer lets you switch to a new rate with your existing lender — quickly and without the hassle of a full remortgage. We'll make sure it's genuinely the best option for you.
What Is a Product Transfer?
A product transfer (sometimes called a rate switch or retention deal) is when you move from your current mortgage deal onto a new one with the same lender, without changing the loan amount or moving to a different provider. It's one of the simplest ways to avoid being moved onto your lender's Standard Variable Rate (SVR) when your existing deal expires.
Because you're staying with the same lender, there's typically no new affordability assessment, no solicitor required, and the process can often be completed in a matter of days. However, that convenience can come at a cost — your lender's retention rates aren't always the most competitive on the market.
Key Benefits of a Product Transfer
Product Transfer vs Remortgage — Which Is Right for You?
Product Transfer
- Stay with your existing lender
- Faster and simpler process
- No legal or valuation fees
- Limited to your lender's product range
- Cannot borrow more or change term easily
Full Remortgage
- Switch to any lender on the market
- Access to the widest range of rates
- Can borrow more or change your term
- Requires a full affordability check
- Legal and valuation fees may apply
💡 Our advice: Our advice: We always compare your lender's retention rates against the whole of market before recommending a product transfer. In some cases a full remortgage to a new lender will save you significantly more — we'll give you an honest, whole-of-market recommendation every time.
Who Is Eligible for a Product Transfer?
Most homeowners with an existing residential or buy-to-let mortgage can do a product transfer when their current deal is approaching its end date. You're typically eligible if:
Even if your circumstances have changed since you took out your original mortgage — for example, a change in income or employment status — a product transfer may still be available to you, as lenders often apply less stringent criteria for existing customers.
How We Help
Whole-of-Market Comparison
We compare your lender's retention rates against every deal available in the market to ensure you're not leaving money on the table.
Honest Recommendation
If a full remortgage to a new lender would save you more, we'll tell you — even if a product transfer is simpler.
Early Rate Lock
We can secure your new rate up to 6 months before your current deal ends, protecting you from any rate rises in the meantime.
Hassle-Free Process
We handle all the paperwork and liaise with your lender directly, making the switch as straightforward as possible.
Important Information
Your home may be repossessed if you do not keep up repayments on your mortgage. Think carefully before securing other debts against your home. The guidance and/or advice contained within this website is subject to the UK regulatory regime and is aimed at UK residents only.
Ready to Switch Your Rate?
Get a free, no-obligation review from one of our expert advisers. We'll compare your lender's retention rates against the whole market and recommend the best option for you.
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