When might a Product Transfer with your existing lender be better than a remortgage ?
Your current rate is due to come to an end and you are looking to secure a better rate. A remortgage with another lender isn't the only option! If for example you have had a change in circumstances which mean it may not any longer be viable to get the same amount of mortgage that you owe with a different lender or to secure a new mortgage at all. This doesn't mean you need to be stuck on your lenders variable rate. Most lenders now offer the option to switch to a new rate/ deal at the end of your current mortgage deal. This is something we can advise on and assist with.
A product transfer may not always be the best option for everyone so we would always recommend you seek advice before making any decisions/ switching to a new product with your current lender.
Unsure what to do? Call us to discuss your options; 07557732482
*Advice is free and impartial with no obligation to take up our recommendations
*This firm may charge a fee for arranging your Mortgage and/or insurance. This fee ranges from £0-£495 dependent on your circumstances
*Your property may be repossessed if you do not keep up repayments on your mortgage