Considering switching lenders? Let's explore your options and ensure a seamless transfer to a new mortgage deal.
Existing Lender Transfer
We encourage homeowners to optimise their mortgage terms through hassle-free product transfers with their existing lender. If you're eligible for a product transfer mortgage, you have the opportunity to seamlessly transition your current mortgage onto a more favourable deal offered by the same lender.
Unlocking Potential Savings
Are you noticing enticing new rates, lower fees, or attractive cashback incentives advertised by your current lender? These could be compelling reasons to explore the option of transferring your mortgage. Many homeowners consider transferring their mortgage, particularly as their fixed-rate period approaches its end. Rolling onto your lender's standard variable rate after the fixed-rate period typically results in higher payments. By exploring alternative deals offered by your lender, you can potentially avoid unnecessary costs and secure a more advantageous mortgage arrangement.
Understanding the Process
A product transfer mortgage is straightforward, especially if you're not seeking additional borrowing. Typically, the loan amount and mortgage term remain unchanged, streamlining the process and expediting the transfer. With no need for a new house valuation, the process is often quicker than a remortgage, allowing some homeowners to switch deals within days. Additionally, as the terms of the mortgage remain consistent, your lender may not conduct a credit check, making the transition smoother, especially if your circumstances have changed since initially securing the mortgage.
Expert Guidance at Your Fingertips
At Pivot Mortgages, we understand the importance of maximising your mortgage benefits. Our experienced advisors are here to guide you through every step of the product transfer process, ensuring you make informed decisions that align with your financial goals. Whether you're looking to lower your monthly payments, reduce fees, or take advantage of cashback incentives, we'll help you navigate the complexities and secure the best possible deal with your existing lender.
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Your home may be repossessed if you do not keep up repayments on your mortgage.
We Can Help You
Ready to explore the potential savings and benefits of a product transfer mortgage? Contact Pivot Mortgages today to speak with one of our dedicated advisors. We'll assess your eligibility, explore available deals with your current lender, and help you make the most of your mortgage arrangement.