Fixed rate ending? A product transfer could be the quick win.
A product transfer moves you onto a new rate with your existing lender when your current deal ends — usually with little or no affordability assessment, no legal work and no valuation. It's fast and low-hassle, but it isn't always the cheapest option. As a whole-of-market, FCA-authorised brokerage, we compare your lender's transfer rate against the wider market so you switch only when it genuinely pays.
- TypeResidentialOwner-occupier lending
- Deposit / equity5–25%+Depends on the scheme and rate
- ServicePhone · video · emailAdvised around your schedule
- AdviceWhole-of-marketDirectly FCA authorised
What a product transfer is
A product transfer is simply a new interest-rate product from your current lender, applied to your existing mortgage balance. Because you're not moving lender, there's typically no new affordability check, no conveyancing and no valuation — so it can complete in days rather than weeks.
Product transfer vs remortgage
A product transfer is faster and cheaper to arrange but limits you to one lender's rates. A remortgage to a new lender can be cheaper overall or let you borrow more, at the cost of affordability checks and legal work. The right choice depends on the rate gap, any borrowing needs, and how your income has changed.
Read product transfer vs remortgage: which is right for you? and, if your fix is ending, your fixed rate ends in 2026: what to do.
Why contractors often prefer a transfer
If your income is harder to evidence — day rate, umbrella or one year's accounts — a product transfer sidesteps a fresh affordability assessment, which can make it the smoother route even when a remortgage looks marginally cheaper on paper. We weigh both. See contractor mortgages.
When a transfer is the wrong call
If you need to raise capital, remove a name, or a new lender is materially cheaper, a remortgage usually wins. We'll tell you honestly which is better for your numbers.
Estimate and compare
Get the figures with the contractor mortgage calculator, then speak to an adviser before you accept your lender's offer.
Lenders we arrange transfers and remortgages with — a selection
Lender guides: Halifax · Barclays · HSBC · NatWest · Nationwide · Accord · Clydesdale · Yorkshire BS · Kensington See how we place cases →
Product Transfer Mortgages, answered
What is a product transfer mortgage?+
It's a new rate deal from your current lender applied to your existing balance, usually with no affordability check, valuation or legal work — so it completes quickly.
Is a product transfer cheaper than a remortgage?+
Not always. Transfers are cheaper to arrange, but a new lender may offer a lower rate overall. Compare both before deciding.
Do I need an affordability check for a product transfer?+
Usually not, if you're not borrowing more. That makes transfers attractive for contractors with complex income.
Can I borrow more with a product transfer?+
Sometimes, via a further advance from the same lender, though that part may need affordability checks. A remortgage can be an alternative.
When should I arrange it?+
Most lenders let you secure a transfer up to around six months before your current deal ends — worth doing early to avoid the standard variable rate.