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A product transfer mortgage is when you switch to a new mortgage deal with your current lender, rather than moving to a new lender. It typically happens when your existing deal is coming to an end, allowing you to secure a better rate without having to switch providers.
It’s always best to speak with a mortgage broker in Liverpool, like us, to check you are doing the right thing for your personal situation and that you’re on the best rate available.
With a product transfer, you simply choose a new mortgage deal from your current lender. The process is usually quicker and involves less paperwork than remortgaging with a new lender, as there’s no need for a full affordability check or property valuation. You stay with the same lender but potentially benefit from a new, more favourable interest rate.
Our expert mortgage advisors in Liverpool, we are here to support you through the whole product transfer process & talk you through each step. We will always be at the other end of the phone when you need us.
Looking into mortgage advice in Liverpool ensures you explore all available options before committing to a product transfer. While a product transfer might seem convenient, a broker can compare deals from other lenders to ensure you’re getting the best rate. They’ll help you decide if staying with your current lender or switching would be more financially beneficial.
A product transfer in Liverpool is worth considering if you want to stay with your current lender and avoid the hassle of switching.
It’s a quick and simple way to secure a new deal, often with fewer checks and less paperwork than a remortgage.
It’s ideal if you want to avoid early repayment charges or if you’re satisfied with your lender’s service but need a better rate.
Interest rates on product transfer mortgages vary depending on your lender and the type of deal you choose, such as fixed or variable rates.
While some product transfers can offer competitive rates, it’s important to compare them with other lenders to ensure you’re getting the best deal available in the market.
The choice between a product transfer and a remortgage depends on your financial situation.
A product transfer in Liverpool is simpler and quicker, with fewer fees and checks. However, remortgaging gives you the chance to explore better deals from other lenders, which might offer lower rates or more flexible terms.
A mortgage broker in Liverpool like us can help you decide which option best suits your needs.
Product transfers generally involve fewer costs than remortgaging. Often, there are no arrangement or legal fees, but some lenders may charge a product fee depending on the deal.
Unlike remortgaging, you won’t need to pay for property valuations or solicitor fees, making it a cost-effective option if you want to stay with your current lender.
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Anonymous
Very patient crew although we showered them with a lot of questions and frequently asked for updates
1 month ago
Ryan
Would highly recommend done all the leg work thank you Charlie/Jo and the ukmoneyman team
1 month ago
Nicholas
Really good and very helpful
2 months ago
Agnes
Johnathan went above and beyond to help me especially in the last few weeks of the process. I would highly recommend Liverpoolmoneyman-Mortgage Brokers, he definitely went the extra mile for me . Thank you Johnathan.
2 months ago
Marie
From start to completion a most positive experience. The initial advice from Dan and his courteous manner and patience throughout our dealings was exceptional. We were kept informed at every stage of proceedings by himself and Jonathan which...
2 months ago
Jake
Very impressed with the service from Jason! Always there to answer any questions and went above and beyond what we expected! Broke down all the details and technical information to a very easy to understand level, and made the process very simple....
3 months ago
Rebecca
Would highly recommend and would definitely use again! Chris was so helpful with all of our (many questions) and made us feel at ease through the whole process!
3 months ago
Zac
Matt and the team were super attentive throughout, guided me and provided great advice. Very easy to converse with and always ready to help
4 months ago
Paula
Daniel was very helpful. Explained things clearly and new mortgage sorted quickly.
4 months ago
Emma
Amazing. Was really nervous as a FTB but Wayne and Stacey were great and made the whole process really easy. Absolutely recommend.
5 months ago
Nerys
Highly recommend Liverpoolmoneyman , made the mortgage application a smooth process from beginning through to completion. Answered queries, phone calls and emails , and explained every step of the process. A special thank you to Dan who supported...
5 months ago
Nerys
Brilliant experience , highly recommend Liverpoolmoneyman if you are looking to remortgage or seeking advice with no applied pressure.A special thank you to Dan and Jonathan for making our mortgage application go through with ease , they supported...
5 months ago
Clare
Matt our Mortgage Advisor has been super helpful! Me and my partner are First Time Buyers and the help and support Matt and his Team have given us has been fantastic. They are also super responsive! Not only have we secured a mortgage...
6 months ago
Meg
Charlie and the team were fantastic at organising our mortgage, and so quick! He was on hand over WhatsApp to answer any questions we had and kept us updated all the way. Would highly recommend.
6 months ago
Rebekah
Everyone has been super helpful. Matt has been amazing with everything and has really helped us with everything we have needed.
6 months ago
Marc
Jason and the team have been so helpful through the process, answered all questions I had and kept me informed through the whole process. Highly recommend you won’t be disappointed.
7 months ago
Anonymous
When dealing with Liverpool Moneyman their agent Jonathan has been most helpful, polite and a pleasure to deal with.I would recommend them for any mortgage related transactions.
7 months ago
Dominic
Excellent service and communication throughout the whole processes
8 months ago
Vivienne
Absolutely excellent! Matt Collinson and Lizzi Roscoe were great! They helped us secure a mortgage in just a few days and were very supportive throughout the process! Can't recommend them enough
8 months ago
Benjamin
10/10 service. The team at moneyman, specifically Charlie and Stacey, provided great support and communication throughout the whole process. The team constantly kept in touch and were patient with my questions and circumstances. Also, the team...
8 months ago
We start with a free remortgage review, taking the time to understand your current mortgage deal and your financial goals.
With access to a wide range of lenders, we compare the best rates available, helping you find the most cost-effective option.
Whether it’s staying with your current lender through a product transfer or switching to a new provider, we ensure our advice is tailored to your individual situation, keeping your best interests at heart.
Once you’ve made your decision, we handle the entire remortgage application process for you. We’ll liaise with the lender on your behalf, ensuring everything runs smoothly from start to finish, making the process as stress-free as possible.
Our amazing team of fast & friendly mortgage advisors in Liverpool will offer all customers a free remortgage review in Liverpool.
If you require remortgage advice in Liverpool, book yourself in for a free remortgage review today with one of our trusted mortgage advisors in Liverpool. We’ll be on hand, ready to go with your remortgage journey.
No matter your circumstances, we’ll do our best to find you the best deal available.
If you are in the market to release equity from your home using a remortgage, searching for a better deal, or perhaps something else entirely, our experienced and affable team are here to get started on your remortgage process. We aim to get you through this one quicker and less stressful than the first time around.
Thanks to our vast panel of mortgage lenders, we have the ability to search through thousands of amazing remortgage deals on your behalf. We’re experienced with criteria, so will be able to match you up with the best deal for what you’re looking to achieve.
Here at Liverpoolmoneyman, we make sure all of our customers receive open and honest Mortgage Advice in Liverpool. You’ll be kept informed all throughout the process, with a fully transparent service.
If one of our remortgage advisors in Liverpool believes you’re better off doing a product transfer, they will let you know. You are our top priority, and always come first.
To learn more about the levels of service we provide to all our customers, feel free to take a look at our amazing and genuine customer reviews. They warm our heart to see whenever they come in, and are a true representation of how hard we work for home buyers and homeowners alike.
We work 7 days a week, from early until late, offering a chance to speak with a dedicated remortgage advisor at a time that is convenient to you, appointments subject to availability.
This means you’ll even see us working on weekends and in some cases, on bank holidays too!
The process for a product transfer is relatively simple.
First, you contact your current lender to explore their available deals, usually a few months before your existing mortgage deal ends.
Once you choose a new product, the lender will handle the paperwork, and since you’re staying with the same lender, there’s no need for a full affordability check or a property valuation.
The transfer typically takes effect at the end of your current deal, ensuring a smooth transition with minimal effort.
Yes, you can usually do a product transfer with bad credit since you’re staying with your current lender.
Unlike remortgaging, where a full credit check is required by new lenders, most lenders are more lenient with product transfers, focusing on your payment history rather than a full reassessment of your credit.
This can make it a favourable option if your credit score has worsened since your original mortgage application.
Yes, being self employed in Liverpool doesn’t prevent you from doing a product transfer.
Since you’re staying with your current lender, they already have your financial history on file, and they typically won’t require additional income verification.
This makes product transfers an easier option for self-employed individuals, who might face stricter income checks when remortgaging with a new lender.
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Liverpoolmoneyman.com & Liverpoolmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
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Liverpoolmoneyman.com & Liverpoolmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
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