Switching to a new mortgage product with The Mortgage Lender is usually a quick and straightforward process for existing customers. Our free mortgage product transfer service helps you secure a new mortgage rate before your current mortgage product expires, helping you avoid moving onto the lender's standard variable rate.
Who is eligible for a mortgage product transfer?
You will normally be eligible to switch your mortgage rate if you:
- Are currently on a fixed or tracker mortgage that is approaching its end date, or you are already on The Mortgage Lender's Standard Variable Rate.
- Are not intending to move home.
- Are not looking to increase or reduce your mortgage balance.
- Are not adding or removing a borrower from the mortgage.
- Are not currently in mortgage arrears.
- Have not missed any mortgage payments during the previous 12 months.
How our mortgage switch service works
- You will normally receive a letter from The Mortgage Lender confirming that you are eligible to select a new mortgage product.
- Contact our team by telephone or complete our secure online enquiry form.
- We obtain details of the mortgage products available specifically for your account.
- We explain your available mortgage options clearly and answer any questions you may have.
- Once you have selected your preferred mortgage product, we arrange your product transfer and guide you through to completion.
Important information
Once you have accepted a new mortgage product with The Mortgage Lender, you cannot normally cancel or change your selection without incurring any applicable early repayment charge under the terms of your existing mortgage product.
Benefits of a mortgage product transfer
- Remain with your existing lender using a straightforward application process.
- Avoid moving onto the lender's Standard Variable Rate.
- No legal work is normally required.
- The application process is generally much quicker and simpler than arranging a full remortgage.
- Receive guidance throughout the process from application to completion.
Why use our service?
- Our The Mortgage Lender product transfer service is completely free of charge.
- We review all mortgage products available specifically for your account.
- We explain your options in clear, straightforward language.
- We manage your application from start to finish.
- Where appropriate, we can also compare your The Mortgage Lender mortgage options with products available across the wider UK mortgage market before you make your decision.