If your current mortgage deal is ending but you’re happy where you are and with your lender, a product transfer could be a simple, cost-effective option.

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What is a product transfer?

A mortgage product transfer is when you switch to a new mortgage deal with your existing lender, without changing provider or going through a full remortgage process. It’s typically used when your initial fixed or tracker rate is ending and you want to avoid being moved onto your lender’s standard variable rate (SVR).

Unlike a full remortgage, you’re not changing lenders or going through additional affordability checks, making this a faster, simpler way to secure a better rate.

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When should you consider a product transfer?

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A product transfer may be the right choice if:

  • Your current mortgage deal is ending soon
  • You want to avoid moving onto a higher SVR
  • Your financial situation hasn’t changed significantly
  • You’re happy with your current lender
  • You don’t need to borrow more money or make major changes

It’s especially useful for those looking to keep things straightforward and avoid the admin or legal work involved in a full remortgage.

Benefits of a product transfer

Fast and straightforward – no need for legal work, surveys, or credit checks in most cases

No extra fees – many lenders don’t charge for switching to a new product

Avoid a costly SVR – reduce your monthly repayments by locking in a better rate

Lower paperwork – compared to a full remortgage, it's a smoother process

Still access guidance – our advisers will help ensure you're getting the most competitive product available from your lender

What to consider before you proceed

While product transfers are convenient, they’re not always the most competitive option. Before deciding, it’s important to:

  • Compare against other lenders – even with early repayment charges, a remortgage might save you more overall
  • Think ahead – if you plan to borrow more, move, or change your term, a transfer might not offer the flexibility you need
  • Check fees and terms – even within your current lender’s range, different products come with different features and costs
  • Know your timing – if your deal ends in the next 4 months, now is the time to act

If you're unsure, it's worth speaking to a mortgage expert. We'll walk you through both options, product transfer and remortgage, to help you make the right call based on your circumstances.

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How the product transfer process works

We make the process easy from start to finish. Here’s what to expect:

Step 1

Get in touch

We’ll have a quick chat to understand your current mortgage, your goals, and any changes in your financial situation.

Step 1
Step 2

Review your options

We’ll check what your lender is offering and compare it with what's available elsewhere, helping you make an informed decision.

Step 2
Step 3

Choose the right deal

If a product transfer is the right fit, we’ll guide you through selecting the best rate and term from your lender's product range.

Step 3
Step 4

Submit the transfer request

We’ll handle the admin, submit the transfer to your lender, and keep you informed every step of the way.

Step 4
Step 5

Confirmation

Once approved, your new rate will kick in at the end of your current deal, no disruption, no changes to your monthly payment date.

  • Typical timeline: 1–2 weeks from start to finish
  • What you’ll need: Mortgage account number, identification, and current income details (depending on lender requirements)
Step 5

Should you use an adviser for a product transfer?

Absolutely. While it might seem simple to go directly to your lender, using an independent mortgage expert like Jigsaw means:

  • You’ll know if it's actually your best option
  • You can get help comparing all your choices, not just one lender
  • We’ll manage the process for you, so you avoid delays or missed opportunities
  • We look after your interests, not the lender’s
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Ready to explore your options?

If your mortgage deal is ending soon, or you’ve already been moved onto a higher rate, now’s the time to take action. A quick conversation could help you lock in a better deal, without changing lenders or jumping through hoops.

Book a free, no-obligation appointment with one of our advisers today, and we’ll help you work out the best next step, whether that’s a simple switch or something more flexible.

How can we help you?

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Find out what you can afford in minutes

Understanding what you can realistically afford is the first step toward a stress-free homebuying journey. Our affordability tool gives you a quick and accurate estimate of how much you may be able to borrow based on your income, expenses, and deposit.

It’s completely free to use, doesn’t affect your credit score, and takes just a couple of minutes. Whether you’re a first-time buyer, moving up the ladder, or simply exploring your options, our tool can help you plan with confidence and avoid unwanted surprises later.

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