Imagine Finance
Product transfers
Don’t just dream of a better deal – find one with Imagine Finance
If your current fixed rate period is approaching the end but you would like to stick with your current lender, a product transfer may be the best solution for you.
With no need to wait for a new valuation or any credit checks, a product transfer is a quick and easy way to replace your mortgage deal, potentially saving you money as opposed to being charged your lender’s standard variable rate.
Whatever your reasons, Imagine Finance can help you transfer to the right product for your needs.
Frequently Asked Questions
What is a product transfer?
A product transfer mortgage involves switching to a new mortgage product with the same lender and is most commonly required when a fixed rate period is expiring or has already expired.
Typically, it is the quickest way to transfer your current agreement, due to your lender not requiring any new credit checks or valuations.
How can I apply for a product transfer?
Applying for a product transfer should be relatively hassle-free, as your lender has already made the necessary affordability checks for your current mortgage deal.
Fill in our quick Apply Now form and a member of our experienced team will be in touch as soon as possible to discuss your options.
What should I consider when applying for a product transfer?
As a product transfer mortgage involves renewing a mortgage deal with your existing lender, applications can be much quicker than a remortgage. This is due to the fewer checks required by your lender, such as income proof or valuation fees.
On the other hand, product transfers may leave you with limited options depending on the current products your lender has available. Also, the absence of a valuation may not reveal a reduced LTV, which would usually result in better mortgage terms.
Once your mortgage deal has expired, you will be switched to your lender’s standard variable rate of interest for the rest of the mortgage term unless you switch to a new product, which may result in you paying higher levels of interest.
If you are looking to switch to a new product with a different lender than your current one, you may want to view our Remortgage page.
How will you support me through the process?
Here at Imagine Finance, we’ve been helping people secure product transfers for over 30 years, guaranteeing to find you the best possible deal for your circumstances.
We understand the importance of acting quickly to switch mortgage products and keep costs down, and with our expert advisers on hand, you can be sure you are in safe hands.
Do you charge any upfront fees?
Chat with our team at Imagine today and start turning your dreams into reality.
Mr Wells
