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A product transfer mortgage in London lets you switch to a new deal with your current lender, rather than moving to a new provider.
This can be a smart move if your existing mortgage deal is ending and you want to avoid your lender’s standard variable rate.
The process is usually quicker and involves less paperwork, as you’re staying with the same lender.
If you’re unsure whether this is the right route for you, it’s worth seeking mortgage advice in London to weigh up your options and see how a product transfer in London might work for your situation.
When your current mortgage deal is nearing its end, your lender may offer you a selection of new deals.
Opting for a product transfer means you can choose one of these new deals without switching lenders.
This process typically doesn’t require a new credit check or property valuation, making it faster and less complex than remortgaging.
Speaking to a mortgage advisor in London at this stage can help you understand whether a product transfer is the right choice for your circumstances.
While a product transfer might seem straightforward, it’s beneficial to speak with a mortgage broker in London like ourselves.
Our team can compare your lender’s new offers with deals available across the market, ensuring you don’t miss out on more competitive rates elsewhere.
They can provide tailored mortgage advice, helping you make an informed decision that aligns with your financial goals.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The fee is up to 1% but a typical fee is £495.
A product transfer in London is when you switch to a new mortgage deal with your current lender, rather than moving to a different bank or building society.
It’s a simple way to keep your mortgage in place while updating the rate or terms.
This can often be done without needing a new application, valuation, or legal work, which makes it much quicker and easier than starting from scratch.
It’s especially handy for homeowners who want to stay put but still secure a better deal.
It’s usually worth looking into a product transfer when your existing fixed or tracker deal is close to ending.
Without making a change, you could automatically switch to your lender’s higher standard variable rate.
Getting early mortgage advice in London can help you decide whether a product transfer or remortgage is a better fit for you based on your personal circumstances.
Many lenders don’t charge arrangement or legal fees for a product transfer in London, making it a cost-effective way to move onto a new deal.
That said, not all deals are fee-free, so it’s always good to check.
You can, but it depends on your lender’s criteria.
If you need to raise extra funds, maybe for home improvements or paying off debts, your lender might let you apply for a further advance at the same time.
This can affect the overall deal, so it’s worth speaking to a mortgage advisor in London who can help you understand the impact on your monthly payments and interest rate.
In most cases, the process can be wrapped up within a couple of weeks, since there’s less paperwork and no need for legal checks.
It’s often one of the quickest ways to secure a new mortgage deal.
If your lender’s ready and you’ve already picked your new rate, everything can move along quite smoothly.
Usually, no, since you’re not switching lenders, there’s rarely a need for a credit check.
That’s another reason why a product transfer in London is popular with homeowners who want to avoid unnecessary dips to their credit score, especially if they’re not planning to make big financial changes.
Yes, in fact, it can be a great option.
Because you’re staying with the same lender, you won’t always need to supply the same level of documentation as you would with a remortgage.
That can be especially helpful for self-employed applicants, where proving income isn’t always straightforward.
If your property is now worth more than when you first took out your mortgage, you may be in a lower loan-to-value band.
While some lenders might not need a new valuation for a product transfer, it could be worth checking if a remortgage elsewhere would offer better rates based on your updated equity.
You can. Remortgaging to a different lender could open up a wider range of deals, especially if your circumstances have changed or you’re looking to borrow more.
Still, many homeowners in London choose a product transfer for its simplicity.
It’s worth weighing up both options with the help of mortgage advice in London to see which works out better financially.
The first step is checking what your current lender has on offer.
They’ll usually let you know your options as your deal nears its end.
Before agreeing to anything, it’s a good idea to speak with a mortgage broker in London who can review the deal and check whether it’s competitive with what’s available elsewhere.
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Anonymous
Charlie helped guide me through the process and answered all my questions. Would highly recommend London money man to everyone!
7 months ago
Anonymous
Ryan at London Moneyman made moving home with my mortgage easier. Thank you, 5 stars service.
7 months ago
Laura
I was nervous buying my first home but londonmoneyman were fab! Thank you for helping me 🙏
7 months ago
Jaycee
A+ service. communication was brilliant, helped me find a mortgage. Will definitely be back!
7 months ago
Tamra
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7 months ago
Otto
thank you chloe for help with my mortgage iwill be back next time.
7 months ago
Tabby
Excellent service very helpful with my mortgage 😀
7 months ago
Seb
Very useful and efficient service. Thank you london money man!
7 months ago
Josie
Dinah and the team at London money man were super helpful with a remortgage on our family home. They got us through the process quickly and found me a much better deal than we were on. Thank you again, we'll be back in touch for our next...
7 months ago
Jeb
Great service from Kayleigh & Leo! Made it easy and stress free, thank you both for finding me a suitable product. I would not have got through this without their help.
7 months ago
Derek
Helped me and my partner on our remortgage. Molly was friendly and polite on the phoen and helped us throughout the process. Would reccomend 👍
7 months ago
Marina
Leoand Kayleigh were great during my process. He made everything stressfree for me as a first time buyer. Would definitely recommend to others going through the same process as it helped a lot. Thank you..Marina
7 months ago
James
Thank you Londonmoneyman. From my free initial mortgage appointment to completion I was kept in the loop. Jason was great and would definitely recommend.
7 months ago
Ruby
Tom and Louise were so helpful throughout the whole process. As First Time Buyers we were almost scared to start looking for a home but the team at Londonmoneyman put us at ease and now we have a lovely new home. Thanks for everything!
7 months ago
John
Amazing service from start to finish. Charlie, Megan and the application team were very helpful throughout, to help with any queries, and kept me up to date with the process at every stage. Couldn't recommend them enough!
2 years ago
Begin with a free initial mortgage review to understand your current mortgage situation and financial goals.
This initial conversation allows us to assess your needs and identify the most suitable product transfer options available to you.
After understanding your requirements, we search 1000s of product transfer deals to find the most competitive rates and terms that suit your needs.
Our extensive network of lenders ensures that we can access a wide range of options, allowing us to tailor our recommendations to your unique financial situation.
Once you’ve selected the ideal product transfer mortgage in London, we assist you with the mortgage application process.
Our team ensures all necessary documentation is completed accurately and efficiently, streamlining the process to avoid any delays.
Beyond securing the most suitable mortgage deal, we also focus on protecting you and your mortgage.
We offer advice on various protection products, such as life insurance and income protection, to ensure that you and your loved ones are safeguarded against unexpected financial challenges.
We offer a free initial mortgage review in London to help you understand your current mortgage situation and explore the most suitable options for your needs.
Our expert mortgage advisors in London take the time to evaluate your financial goals and provide tailored advice, ensuring you are well-informed and confident in your mortgage decisions.
Book your free initial mortgage review online or by giving our team a call today.
Our extensive network allows us to search 1000s of product transfer deals, ensuring we find the most competitive rates and terms for you.
By comparing a wide range of options, we tailor our recommendations to suit your unique financial situation, helping you secure the most suitable mortgage product.
We pride ourselves on providing exceptional service, guiding you through every step of the mortgage transfer process.
From the initial consultation to the completion of your application, our dedicated team is here to offer personalised mortgage advice in London, answer your questions, and ensure a smooth and efficient experience.
We will be with you every step of the way.
Our services are available 7 days a week to accommodate your busy schedule.
We understand that finding time for mortgage discussions can be challenging, so we offer flexible appointment times to ensure you can access our expert advice and support whenever it’s most convenient for you.
When your fixed-rate mortgage deal is coming to an end, it’s often a trigger point for reviewing your options.
If you don’t take action, your lender will usually move you onto their standard variable rate, which tends to be higher and less predictable.
A product transfer in London allows you to avoid this by choosing a new deal with your current lender before that happens.
It’s a quick and hassle-free way to lock in a new rate without going through a full remortgage application.
Life changes fast, from job shifts to income changes or family commitments.
If your financial situation has changed since you first took out your mortgage, a product transfer in London could offer more manageable terms without the rigmarole of starting over.
Because you’re staying with the same lender, the process can be more lenient in terms of checks and documentation.
If your credit score has improved since you took out your mortgage, it might open doors to better rates.
While lenders don’t always reassess your credit score during a product transfer, it’s still a great time to review your options.
Some borrowers use this opportunity to check whether they could benefit from a stronger credit profile, either with their existing lender or by looking elsewhere.
If you’re unsure what’s possible, getting mortgage advice in London can help clarify where you stand.
Some homeowners reach a point where they want more flexibility, whether that’s making overpayments, changing to a more portable mortgage, or shortening the term.
A product transfer in London can give you the chance to pick a deal that better suits your future plans.
It’s not just about chasing a lower rate; it’s about finding a mortgage that works with how you want to manage your money.
One of the biggest perks of a product transfer in London is how much simpler it is compared to a remortgage.
There’s no legal work, and many lenders won’t need a new valuation. If you’re happy with your current lender and just want a better deal without the paperwork and extra steps, this route keeps things moving quickly.
That’s especially useful if you’re busy or want to avoid delays.
If your home’s value has gone up, you might qualify for a lower loan-to-value band, which could unlock better rates.
Some lenders won’t reassess the value as part of a product transfer in London, but others might offer better terms if your equity has improved.
It’s worth checking with a mortgage advisor in London to see if your lender offers these kinds of options, or whether a remortgage might now offer better long-term savings.
If keeping your monthly payments predictable is a priority, a product transfer is a straightforward way to maintain stability.
When interest rates are changing or you’re on a tight budget, switching to another fixed deal with your lender can help you avoid any surprises.
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Londonmoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.
UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.
© Londonmoneyman 2025.
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Londonmoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.
UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.
© Londonmoneyman 2025.
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