Remortgage vs product transfer
Two ways to leave a ending fixed deal: move to a new lender, or take a new product with your current one. The cheaper path depends on fees, ERC and soft factors.
Updated UK · illustrative onlyNot a lender or brokerAboutDisclaimer
RLPublished by Rodway Labs — not a mortgage adviser
Published
| Factor | Product transfer | Remortgage |
|---|---|---|
| Underwriting | Often lighter | Full application common |
| Fees | Often low / none | Product + legal + valuation possible |
| ERC | Usually none if timed at deal end | Applies if leaving early |
| Rate choice | Lender’s retention range | Wider market (via broker or direct) |
Soft factors matter: credit footprint, how quickly you need certainty, and whether you need features your current lender already provides. For the numeric side, use the remortgage vs product transfer calculator.
Related
Calculators and articles on Remortgage Lab are illustrative and not personalised financial advice. Always check current lender terms and, where appropriate, speak to an FCA-authorised adviser. England & Northern Ireland focus where tax rules are cited; Scotland and Wales differ.