Mortgage transfers

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Looking to explore mortgage deals?

Finding the right lender can be a time-consuming and complicated process.

Luckily we're here to simplify your search and help you make an informed decision that suits your needs.

Compare the deal from your current lender with what you could get from other lenders, all in one convenient place.

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What are product transfers (PTs)

PTs involve switching you from one mortgage to another with the same provider. With most lenders, you can complete the process in a matter of minutes, as your current lender already has all your details on hand. It's a straightforward solution that puts you in control.

Advantages of PTs:

  • No legal fees or valuation charges
  • No early repayment charges
  • No credit checks or affordability checks
  • No physical property valuation

Disadvantages of PTs:

A few of the downsides of a different mortgage with the same lender include:

  • More limited choice of deals
  • More difficult to take out more money on your mortgage
  • You might not be able to add another person to the mortgage

What is remortgaging?

While PTs offer convenience, you should also compare deals from other lenders to make sure you're getting the right deal for you. Remortgaging with another lender could come with cost advantages that can help you save money in the long run.

Advantages of remortgaging:

  • You can apply to borrow more or adjust the term of your mortgage
  • You’ll have more options to choose from

Disadvantages of remortgaging:

A few negatives that come with moving to a different mortgage lender include:

  • You might have admin fees or early repayment charges
  • You’ll need to go through the full mortgage application process again

Great reasons to compare mortgage transfers?

All in one place

Discover what your current lender has in store for you. No need to go through the hassle of searching multiple websites.

Convenient comparison

Simply enter your details and compare your current lender's offer alongside other options in the market.

Take control

User-friendly platform designed to offer you with the tools and information to make an informed decision.

Compare mortgage transfers

Ready to find a mortgage deal? Start comparing your options with Koodoo[1]

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Page last reviewed 16 June 2023

[1]For online mortgage comparison and advice Gocompare.com introduces customers to Koodoo which is the trading name of Mortgage Power Limited who are authorised and regulated by the Financial Conduct Authority (FRN 845978). Gocompare.com’s relationship with Koodoo is limited to that of a business partnership, no common ownership or control exists between us. Please note, we cannot be held responsible for the content of external websites and by using the links stated to access these separate websites you will be subject to the terms of use applying to those sites

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

PLEASE NOTE: THE FCA DOES NOT REGULATE MOST BUY TO LET MORTGAGES