Posted Date: 26/11/2025
When your current mortgage deal is coming to an end, you may be offered a new rate by your existing lender. This is called a product transfer. Alternatively, you might consider switching to a new lender altogether known as a remortgage. Understanding the difference can help you decide what suits your situation best.
Why It Matters
A product transfer usually involves less paperwork, as you stay with your current lender. However, a remortgage allows you to compare rates and terms across the wider market. The right choice depends on factors like your current rate, fees, and long-term goals.
Moving Forward
Before deciding, it can help to review both options side by side. Comparing what your current lender offers with what’s available elsewhere ensures you make an informed decision.
At Muuvin Mortgages & Protection, we offer a no-obligation call to help review your mortgage and explain the difference between a product transfer and a remortgage. You can also view more information about remortgaging on our dedicated page: Remortgaging.
Is a product transfer the same as remortgaging?
No. A product transfer is staying with your current lender, while a remortgage means switching to another.
Do both options involve fees?
Sometimes. Some lenders waive fees for product transfers, while remortgages may have arrangement or legal costs.
Which one is better?
It depends on your individual circumstances, reviewing both helps find what’s most suitable.
Disclaimer
Your home may be repossessed if you do not keep up repayments on your mortgage.
This article is for general information only and should not be taken as advice. Mortgage applications are subject to status and lender criteria. The information provided is correct as of the date it was posted and may be subject to change without notice.
