What is a product transfer?

Staying with your current lender and moving onto a new rate with them, rather than remortgaging to somebody else.

It is usually the quickest route. No new valuation in most cases, no legal work, no full affordability assessment, and it can often be done online a few months before your current rate ends.

The trade off is that you only see one lender’s rates. Whether that is the right answer depends on your circumstances, and comparing before you commit costs nothing.

Most lenders let you secure a product transfer three to six months out, which is why the end date is worth knowing well in advance.