Product transfer explained
A product transfer moves you onto a new deal with your existing lender — often simpler than remortgaging, but not always cheaper.
Updated UK · illustrative onlyNot a lender or brokerAboutDisclaimer
RLPublished by Rodway Labs — not a mortgage adviser
Published
With a product transfer, you stay on the same mortgage account with the same lender but switch to a different rate product (for example a new 2-year or 5-year fix). Underwriting is often lighter than a full remortgage: many transfers do not require a new valuation or conveyancer.
When a transfer can make sense
- Your lender’s retention rate is competitive once fees are included
- You want speed and certainty near the end of a deal
- Your circumstances might not pass a full remortgage underwrite
- You value existing features (offset, portability) that a new lender may not match
When remortgaging may win
A different lender may offer a lower rate or better fee package — especially if your LTV has improved. Run both paths in the comparison calculator. Remember: availability of transfer products is lender-specific and not guaranteed.
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.