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Your Mortgage Expert for Product Transfers Mortgage Advice

Product transfer mortgage adviceWe often get contacted by clients who ask us to arrange Product Transfers for them. Or, ask whether they should remortgage with a new lender or stay with their current provider.

We can help advise which option would be most suitable based on your circumstances. Your Mortgage Expert is based in Salisbury but we can help you no matter where you live in the UK.

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Do any of the following sound like your situation?

  • My current deal is ending, but my circumstances have changed since taking out the mortgage
  • I’m happy with my existing mortgage lender and would like to switch to a new product
  • We are moving house, but my existing mortgage term has not yet come to an end
  • I’ve left it late to remortgage. So need a new deal ASAP before I move to an expensive rate

If so, Your Mortgage Expert can help with Product Transfer Mortgage Advice.

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Why use a Mortgage Broker for Product Transfers

We can save you time by doing all the work for you. We will complete the paperwork, speak to your lender and help ensure your new deal is in place within your timescales.

Added to this, in some circumstances, we have access to lower rates with your existing lender. Meaning, if we arrange the Product Transfer for you, it could save you money.

We will also advise you as to whether a Product Transfer is for you, or if switching to a different lender might be more suitable in your situation. And, we help Buy to Let investors.

And, once we’ve carried out a Product Transfer for you, it will be easier and quicker for us to arrange future mortgages for you. For when you purchase a new property or decide to move to another lender, for example.

Your Mortgage Expert is based in Salisbury but we can help you no matter where you live in the UK.

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What are the benefits and downsides of Product Transfers

There are a number of things to think about before taking out a new product with your existing lender. We will take the time to go through all the benefits and downsides of carrying out a product transfer.

Some of the benefits are as follows:

  • Product Transfers tend to be quicker than moving to a new lender. So, this might suit you if you need your mortgage to complete quickly
  • It is unlikely that a formal valuation will be carried out on your property
  • There aren’t normally any legal steps or legal fees to pay
  • Generally fewer fees overall
  • Usually you do not have to prove your income to carry out a product transfer
  • The lender usually wouldn’t do further credit checks on a product transfer

Some of the downsides can be as follows:

  • By staying with your existing lender, you may not be getting the lowest rate on the market
  • Switching to a new lender might mean you get a more competitive deal
  • As an existing customer, you may not get the lowest rate from your current lender
  • Because there is unlikely to be a valuation, it’ll mean you won’t have an up to date valuation for your home

To talk to us about whether a product transfer or a remortgage is most suitable for you, get in touch. Your Mortgage Expert is based in Salisbury but we can help you with mortgage advice no matter where you live in the UK.

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Our handy mortgage calculator

Our mortgage calculator can help you get a better idea of how much you can afford to borrow, and how much your mortgage will cost you in monthly repayments.

  • “This was knight in shining armour stuff. Our conscientious mortgage broker was a delight to deal with from the off and the key to our dream home.”

    Max and Martha, First Time Buyer customers from Cardiff

  • “Being in the Armed Forces I am away a lot, meaning it can be hard to attend meetings, answer emails and especially hard to fill in forms. Adam and his team were extremely helpful and understanding of our situation and provided help wherever they could. After our initial meeting where we provided our required details, we actually did very little of the hard work, apart from signing a couple of papers.”

    Callum and Verena, First Time Buyer Armed Forces Mortgage Customer from Salisbury

  • “I expect my circumstances were fairly rare, but the help and guidance I received from you was invaluable. I feel that the personal touch you provide offers something that appeals to the soldier in me.  During my service I always liked to have a point of contact, someone who was the “go to” specialist in their field.  This provides a degree of assurance about a situation and it was refreshing to find that same degree of certainty transitioning to civilian life, particularly with something as important as a mortgage and buying our family home.”

    Andrew and Helen, Armed Forces Mortgage Customers from Salisbury

  • “Even though we were used to having a mortgage on the rental property, paying a mortgage on your own home was still a bit of a shock after years of having married quarter rental deducted from your pay at source. But, at every step along the way, we felt reassured, understood and that we really mattered to Adam. Trust is an important concept for military families and we trusted Adam.”

    Fiona and Graham, Armed Forces Mortgage Customers from Wilton

  • “As a contractor, it was difficult for me to obtain a mortgage through normal channels so it was great to find a mortgage adviser that specialised in contractor remortgages and understood the challenges. In addition, I had fairly tight timescales, so wanted someone who could make the process quick and hassle free.”

    Andrea, Contractor Mortgage Customer from Warminster

  • “I am a contractor, therefore require specialist mortgage advice. Adam has now concluded two mortgages for us (new mortgage then a contractor remortgage), and is currently arranging a buy-to-let mortgage for us. He also arranged our life insurance for us. We keep returning to him for some great reasons – he is always available, and ready to help. He provides great advice, and always ensures that he meets our requirements exactly. He is prepared to explain things in such a way that even a lummox like me can understand, and his level of service has remained consistently good over the last three years.”

    Matt, Contractor Mortgage Customer from Southampton

  • “Adam’s advice on the different types of critical illness and life insurance were really useful. He also worked with us to decide the best combination of policies that would work with our existing policies to cover our needs. When doing this he happily tweaked quotes for us until we came out with an arrangement that was both affordable and would provide us with the level of cover we thought appropriate.”

    Hannah and Steve, Protection Insurance Customers from Stamford

  • “Adam provided us with factual advice and also with options of which we were unaware. The advice on gifted equity was something we hadn’t heard about and this assisted us hugely to ensure repayments worked within our affordability. He provided us with a very personal service that made the journey from initial call, to mortgage offer and completion hassle free. We have already recommended Adam to someone and will continue to recommend his services in the future.”

    Saul and Laura, Home Mover Mortgage Customers from Salisbury

  • “Mike and I collected the keys to our flat this weekend and we couldn’t be happier. It’s been a long time coming but we got there! We just wanted to say a MASSIVE thank you for everything you have done for us so far. We’ve really appreciated all the help, advice and reassurance you’ve given us all the way through this process. It’s really nice to have a friendly voice on the other end of the phone.”

    Mike and Bethan, First Time Buyer Mortgage Customers from London

  • “Without question Adam found me a deal the estate agent’s broker couldn’t. He was very easy to contact whenever I needed him and he took time to explain the ins and outs of the Help to Buy equity loan scheme mortgage that he found me. I would rate him five out of five and will be back to use him when the time comes to remortgage or move.”

    Chris, Help to Buy Mortgage Customer from Southampton

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