cdfmortgages.wealthyadvisersclub.co.uk
Remortgage and product transfer
Your rate is ending. Do not just roll onto the standard variable rate.
When a fixed rate ends, most lenders move you onto their standard variable rate, which is usually the most expensive rate they offer. We start looking six months before that happens and compare a new lender against simply switching product with your current one.
Two options, and we price both.
A product transfer with your existing lender is quick and usually needs no valuation or legal work. A remortgage to a new lender takes longer but often prices better, and lets you borrow more or change the term. We run both and show you the numbers side by side rather than pushing you towards whichever is easiest.
- We start six months before your current rate ends
- Product transfer and full remortgage compared on real figures
- Rates can usually be reserved and swapped if better ones appear
- Term, overpayment and offset options reviewed at the same time
- Free legals and free valuation deals identified where available
Step by step
What we review
Your current deal
The rate, when it ends, any early repayment charge, and what your lender will move you to if you do nothing.
What has changed
Income, credit, the value of the property and any borrowing you have taken on since. All of it changes what is available to you.
The whole of market comparison
We price a product transfer against new lenders, including the fees, so you are comparing the true cost rather than just the headline rate.
Term and payment
Shortening the term costs more each month but far less overall. We show you both so the decision is yours.
Questions we get asked
Before you call, these might help.
When should I start looking?
Around six months before your current rate ends. Most offers can be held for three to six months, so starting early costs nothing and protects you if rates rise. If they fall before completion we can usually swap to the better product.
What is an early repayment charge?
A penalty for leaving your deal early, usually a percentage of the outstanding balance that reduces each year of the fixed period. We always check it before recommending a move, and sometimes it still makes sense to pay it. We will show you the maths either way.
Can I borrow more at the same time?
Yes. Raising capital on a remortgage is common, whether for an extension, a deposit on another property or consolidating other borrowing. See our capital raising page for how that works and what to watch for.
Is a product transfer worse than remortgaging?
Not necessarily. It is faster, needs less paperwork and there is no valuation risk. It just needs to be checked against the open market rather than accepted by default, which is exactly what we do.
Next step
Fifteen minutes will tell you where you stand.
Pick a time that suits you and we will talk through what you are trying to do. There is no cost for the initial advice and no obligation to go ahead.
Prefer to talk now? Call 01282 937599 or email cristian@cdfmortgages.co.uk.