You don’t always need to switch to a new lender to find a good deal – and we can still help you!
A product transfer means keeping your mortgage with your existing lender and finding a better deal with them – we are here to make sure before you commit to a deal with new lender that you have checked to make sure it truly is the best deal. We will examine the proposals from your current lender and compare them to options with other banks and buildings societies, so you can be certain of the best option.
Best of all, if you decide to stay with your current lender, we can arrange your new deal without you having do anything – and best of all we will arrange your new deal COMPLETELY FREE OF CHARGE!
Find you the right mortgage product
We search the major high street lenders like HSBC, Nationwide and Santander and many more, as well as smaller specialist lenders, all to get you the best deal.
Access exclusive mortgage products
In addition to thousands of mainstream mortgage products, we have access to many exclusive products that aren't available elsewhere.
Arrange life insurance and sickness protection
Let us explain your insurance options to make sure that you and your family are fully protected in every eventuality.
Arrange your new deal completely free of charge
If you decide to stay with your current lender and product transfer, we will arrange the new deal for you completely free of charge.
Co-ordinate the product transfer process
Once we have found you the right product, we take care of the transfer process from start to finish, so you can sit back whilst we sort everything out.
Health check your existing home insurances
Let us review your mortgage related insurances to make sure that you and your family are fully protected in every eventuality.
Co-ordinate the product transfer process
Once we have found you the right product, we take care of the transfer process from start to finish, so you can sit back whilst we sort everything out.
Free will drafted with every remortgage
Have you made your Will? If you haven't we will cover the cost of having one drafted by our partners at mylastwill.co.uk.
Will Writing Services are referred to our Sister Firm. Neither Dunham McCarthy Financial Services Ltd or PRIMIS are responsible for the service received. These services are not regulated by the Financial Conduct Authority they are instead regulated by the Institute of Professional Willwriters and have alternate consumer protection.
What is a Product Transfer?
With a mortgage product transfer you're able to change your current mortgage product to a new one with the same lender. This can cut out the need for solicitors, and often can mean you can take advantage of the new deal straight away unlike a remortgage (which is when you switch your mortgage to a new lender) as a remortgage can take weeks.
A product transfer may be a good alternative to remortgaging, depending on your circumstances – but before making that decision make sure you get in touch as you should always compare if a product transfer is best vs remortgaging to ensure you get the best deal by weighing up all of your options first.
When should I remortgage?
Nearly all mortgages have a headline offer that usually lasts for the first two to five years. Generally you should look to compare product transfer and remortgage options three months before the end of your current introductory mortgage rate. For example, if you have a five-year fixed rate mortgage, you should start shopping around for a new deal three months before the fixed rate ends.
In certain situations it can be advantageous to change mortgage deal within an introductory period, although early repayment fees will normally apply.
How long does it take?
Generally speaking a product transfer can be actioned immediately so you can start taking advantage of potential cost savings right away in time for your next direct debit, depending on when the next payment is due and depending on the lender.
How much does it cost?
We will arrange your product transfer completely free of charge. Depending on the product you choose with your lender, your lender may charge a product fee to access some of their products.
Our job is to find the product that works out the most competitive overall, for example a deal with a low interest rate high fees, could be more expensive overall than a product with a higher interest rate but lower fees, and visa-versa, so we will compare with you the options and help you to decide what is best for your situation.
As you are remaining with your current lender and simply switching to a new deal this omits the need for solicitors, a valuation and other usual checks to save on costs so you should find there are no other fees to pay.
