Can I Remortgage With the Same Lender in London?

Yes, you can stay with the same mortgage lender when your current deal ends, although this is normally called a product transfer rather than a remortgage.

A remortgage generally means moving your mortgage to a different lender. A product transfer means choosing a new mortgage deal with the lender you already have.

Both are worth considering before your current deal comes to an end.

What Happens If I Stay With My Current Lender?

Your existing lender may offer you another fixed, tracker or variable rate from its current product range.

If you accept one of these deals, your mortgage stays with the same lender and you move onto the new product.

This can be a relatively straightforward option, particularly if you are not changing the amount you borrow or making significant changes to the mortgage.

The important thing is not to assume that staying where you are will automatically give you the best available deal.

Is a Product Transfer Easier Than Remortgaging?

It can be.

Depending on the lender and what you want to change, a product transfer may involve fewer checks than moving your mortgage elsewhere.

You may not need another property valuation, legal work can be more limited, and some lenders may not carry out a new affordability assessment if you are simply switching products without increasing your borrowing.

This can make staying with your current lender useful if your circumstances have changed since you originally took out the mortgage.

The process varies between lenders, so it is worth checking what will be required before deciding.

Could I Get a Better Deal With Another Lender?

Potentially.

Your current lender only has its own mortgage products to offer you. Remortgaging gives you the opportunity to compare these against deals available elsewhere.

A different lender may offer a more suitable interest rate, product fee, incentive or mortgage term.

The lowest interest rate is not necessarily the cheapest option overall either. Fees and other costs associated with changing lender need to be considered alongside the monthly mortgage payment.

This is where comparing a product transfer against the wider remortgage market can be useful.

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What If My Circumstances Have Changed?

Staying with the same lender can sometimes become more attractive if your circumstances are different from when you first applied.

Your income may have changed, you could have become self-employed, taken on additional commitments or experienced changes to your credit history.

These changes do not necessarily prevent you from remortgaging, although they can affect which lenders and products are available.

If your existing lender offers a suitable product transfer without requiring a full new mortgage application, that may provide another option to consider.

Can I Borrow More With the Same Lender?

Potentially, although this is different from simply switching to another mortgage product.

If you want to release equity or increase your mortgage balance, your existing lender may allow you to apply for additional borrowing.

They will normally carry out further affordability and eligibility checks before agreeing to lend more.

Alternatively, you could compare this against remortgaging the full balance to another lender.

The right route depends on the rates, fees and borrowing available in your circumstances.

When Should I Look at My Options?

You can start reviewing your mortgage several months before your existing deal ends.

This gives you time to compare a product transfer with remortgage options in London rather than waiting until your current rate expires.

If you take no action, you may move onto your lender’s standard variable rate once your existing deal finishes, unless another arrangement applies.

Starting earlier also means you have time to consider your options without having to rush into whichever deal is available at the last minute.

Should I Stay With My Current Mortgage Lender?

Staying with your existing lender can make sense if they offer a competitive product and the simpler product transfer process suits your circumstances.

Moving lender may be worthwhile if another mortgage provides better overall value or features that are more suitable for what you need.

When providing remortgage advice in London, our mortgage advisors can compare the deal available from your existing lender against options from other lenders.

This allows you to see the difference before deciding whether staying put or remortgaging elsewhere makes more sense.

Date Last Edited: September 10, 2026