A product transfer is where you are simply changing over to a new deal with your existing lender.
A product transfer is simply changing over to a new deal. What this means is that there isn’t usually a reassessment of your income and outgoings, a new valuation doesn’t need to be carried out and no conveyancing is needed. Depending on the lender, you could reserve a new deal the same day and put a rate in place 3-6 months early.
If you would like some support with a product transfer give us a call on 07720601196 or leave us a message below:
Your home may be repossessed if you do not keep up repayments on your mortgage.
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