What is a mortgage product transfer?

A product transfer (PT) is when you switch to a new interest rate deal with your existing lender, rather than moving to a different lender. It's typically quicker and simpler than a full remortgage — there's usually no solicitor required, no valuation fee, and the process can often be completed online within days.

What's the difference between a product transfer and a remortgage?

A product transfer keeps you with your current lender — you're just changing the rate. A remortgage moves you to a new lender. A PT is faster and easier but limits you to your current lender's product range. A remortgage accesses the full market and may offer better rates, but involves more process. We compare both options for every client.

Is a product transfer always the best option?

Not always — it depends on the rates available. Sometimes your existing lender's retention rates are competitive; sometimes a different lender offers significantly better terms. We always compare your current lender's PT options against the full market to make sure you get the best deal, even if that means recommending a PT rather than a remortgage.

Can I borrow more money on a product transfer?

It depends on the lender. Some will allow you to increase your borrowing as part of a PT (sometimes called a further advance), while others require a separate application. If you need to borrow more money — to fund home improvements or release equity — a full remortgage is usually more flexible.

Do I need a broker for a product transfer?

You can approach your lender directly for a PT. However, we add value in two important ways: we compare your lender's PT rates against the whole market to confirm it's genuinely the best option, and we handle the process for you — including any paperwork and deadline management. Our service is free, so there's no downside to using us.

Quick. Simple. No Solicitor.

Product Transfer Mortgage in Manchester

Stay with your current lender, switch to a better rate. No solicitor, no valuation, no credit check in most cases. We compare your lender's deals against the full market to make sure you're genuinely getting the best rate.

Days, not weeks

No solicitor needed

No new valuation

We compare PT vs full remortgage for you
Access your lender's retention products
Fast — often completed in days
No legal fees in most cases
We manage the whole process for you
Free service — no fee charged

Get a Free Comparison Call 0161 000 0000

Your home may be repossessed if you do not keep up repayments on your mortgage. MortgageReady is authorised and regulated by the FCA.

PT vs Remortgage Comparison

No obligation · FCA regulated · Free comparison

FCA Regulated
Authorised broker
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48-Hour Decision
Typical turnaround
500+ Clients
Manchester & beyond

Know Your Options

Product Transfer vs Full Remortgage

Product Transfer

Full Remortgage

Speed

Days to 2 weeks

4–8 weeks

Lender choice

Current lender only

90+ lenders

Solicitor required

Usually no

Yes

New valuation

Usually no

Sometimes

Credit check

Usually no

Yes (hard search)

Can borrow more

Sometimes

Yes

Can change term

Usually yes

Yes

Rate competitiveness

Good (if lender keen)

Best available

Fees

Usually none

Arrangement + legal

Choose Product Transfer When…

Your current lender's retention rates are competitive
You need to switch quickly — deal ending soon
Your circumstances have changed (lower income) making a new application risky
You don't need to borrow more money
You want minimum paperwork and hassle

Choose Full Remortgage When…

Another lender offers a significantly better rate
You want to release equity or borrow more
You want to change your mortgage term significantly
Your property has gone up in value (improving your LTV band)
You want to consolidate debts into the mortgage

The right choice depends on your specific situation. We compare both options for every client — at no cost.

Product Transfer FAQs

Call 0161 000 0000 — we compare product transfers against the full market for free.

PT or Remortgage — We'll Tell You

Tell us your current lender and deal end date. We'll compare your retention products against the full market and recommend the best route.

Get a Free Comparison

Your home may be repossessed if you do not keep up repayments on a mortgage.

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Switch Deals — The Easy Way

A product transfer could have you on a better rate within days. Let us compare your options.

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Product Transfer Mortgage in Manchester

Days, not weeks

No solicitor needed

No new valuation

We compare PT vs full remortgage for you

Access your lender's retention products

Fast — often completed in days

No legal fees in most cases

We manage the whole process for you

Free service — no fee charged

Your home may be repossessed if you do not keep up repayments on your mortgage. MortgageReady is authorised and regulated by the FCA.