Product Transfer Mortgages

Product Transfers

An easy way to reduce your monthly mortgage payments

01494 526 400

I’m Steven Neale – a fully qualified mortgage broker with over 30 years experience.

I’m helping homeowners who are looking to lower their mortgage payments, without having to switch their lender.

By using a Product Transfer, Homeowners could save hundreds of pounds per month by changing their current lenders interest rate to a new deal, with a lower rate, with the same lender.

The process is very quick, and does not require a valuation or solicitor.

A Product Transfer is the term used for when you switch your current mortgage deal to a new one with your existing mortgage lender, usually with the aim of getting a better rate.

Most homeowners are eligible for a Product Transfer if they are coming to the end of their initial deal (with around 3 months remaining, depending on the lender), or are already on their lender’s Standard Variable Rate (SVR).

The amount you could save on your mortgage will depend on your current rate and the new rate you are transferred to. If you’re on a Standard Variable Rate (SVR), for which the UK average is 4.9%*, you could save hundreds of pounds per month by switching to a rate of 2.52%*, the current average for a 2 year fixed deal.

*Correct as of January 2020, according to

The process for Product Transfers is simple and quick, and can be managed myself. Unlike a Remortgage, there are no valuations or solicitors required.

I can work with your existing lender to find the best deal available, and provide you with the paperwork to sign to finalise your Product Transfer.

In most cases, a Product Transfer can be arranged within 7 days.

A Product Transfer is the simple process of moving your existing mortgage loan to a new deal with the same lender, without changing the loan amount.

A Remortgage is where you switch your mortgage deal to a new lender.

Not if you are switching to another product for the same amount without borrowing more money. If you want to borrow more, than a credit search would be carried out.

Yes you can and this is where a Product Transfer could help if you have had credit problems since taking on your mortgage. Even if you have a poor credit history, some lenders do not carry out a credit search. Product Transfers are really good if you have a poor credit history.

To discuss reducing your mortgage payments with a Product Transfer:

Call: 01494 526 400
Or leave your details below and I’ll get back to you

Steve and Sue made the whole process very easy and calming. The advice given set me at ease as I thought I wouldn’t be able to get a mortgage due to credit issues of the past. Highly recommend!

Mr Wright
11th Mar 2020

Thanks both for all your help!

14 Feb 2020

Excellent service, always informed me of any information required in a timely manor.

Ms Ross
13 Feb 2020

Steven and Sue were extremely helpful and knowledgeable and their calming influences made us feel at ease throughout the whole process.

03 Feb 2020

Very obliging, helpful and provided all the guidance we could have expected.

23 Jan 2020

Steve provided an excellent service to us and ensured we had the necessary documentation in readiness for our mortgage application. He was very patient in dealing with all our enquiries looking through several scenarios to suit our situation. The process was seamless and very satisfactory.

13 Jan 2020

SN Mortgages understood our position extremely well, even when there was an unexpected potential move rather than the remortgage.

28 Nov 2019

Thank you – yet again! We have organised a variety of mortgages over the years with SN Mortgages. The mortgage process is always complex by nature, but Steve and Sue always make the ‘journey’ as seamless as possible. Calm, friendly, helpful.

28 Nov 2019

S N Mortgages have provided an excellent service. They have been very accommodating to my personal requirements and provided a timely, yet thorough service. They provided multiple product options and talked me through the benefits in each case. Thank you both for your support and patience.

Mr & Mrs Tarring
14 Nov 2019

Thank you Steve & Sue for all your hard work in in securing a mortgage for us to purchase our first home. No query or question was too much trouble, thanks again.

Mr Hockley & Miss Lee
07 Nov 2019

As always, both Steven and Sue were knowledgeable, helpful, informative, quick and a pleasure to deal with.

Clive Saffron
19 Aug 2019