Remortgage & Product Transfer
Remortgaging can feel overwhelming, especially when you’re unsure whether it’s the right time or which product will save you the most. The fear of hidden fees or a complicated process often holds people back.
At Foremost Financial, we make remortgaging simple. Our expert team helps you navigate the options, reduce monthly payments, release capital, or lock in a better rate—all without stress.
MORTGAGE
Remortgage & Product Transfer
Remortgaging doesn’t have to be complicated—we make it easy. At Foremost Financial, we tailor solutions to fit your needs and offer expert advice to help you secure the right deal for your situation.
- Expert Knowledge: We connect you with the best remortgage deals for your situation.
- Experienced Guidance: Over 30 years of helping clients save on their mortgages.
- Simple Process: We handle the details so you can enjoy the benefits.
Why Product Transfer?
- No need for a new valuation
- Less paperwork and quicker than a remortgage
- No Legal Fees
- No credit checks (Provided payments have been kept up to date)
Why Remortgage?
- Save on monthly payments
- Release capital for home improvements
- Release capital for a deposit to purchase another property
- Release capital for a deposit for your children
- Consolidate unsecured debts into one payment
- Lock in a better interest rate
Remortgage Product Transfer FAQs
What is the difference between a remortgage and a product transfer?
A remortgage is when you get a new deal with a new lender. A product transfer is when you stay with your current lender but switch to a new deal.
What costs can I expect when remortgaging?
Depending on your circumstances there are a number of costs to take into account
- Early Repayment Charges (depending on when you remortgage)
- Potential Product fee to a new lender
- Potential valuation fees
- Potential Solicitor Fees
How long does the remortgage process take?
It typically takes between 4 to 8 weeks, depending on factors like your new lender’s speed and whether you need a new property valuation.
Can I change the term of my mortgage when remortgaging or getting a Product Transfer?
Yes, shortening the term will mean you pay less interest to the lender but your payments will be higher. Making the term longer will lower your monthly payments but you will pay more interest over time.
Why should I get a product transfer?
You’re happy with your current lender.
You don’t want to go through the hassle or potential costs of remortgaging.
Your current mortgage deal is about to expire, and you don’t want to move to your lender’s standard variable rate (SVR).
How long does a product transfer take?
A product transfer is usually quicker then a remortgage as there is no need for legal work or a new valuation. It can be completed in a few days to a couple of weeks, depending on your lender.
How do I know if a product transfer is the best solution?
While product transfers can be quick and hassle-free, they may not always be the best solution, it’s a good idea to speak to a broker who can compare deals for you.
Process
Consultation
We’ll begin by gathering key information to understand your financial situation and determine how much you can realistically borrow. A basic credit check will also be conducted to assess eligibility.
Solution
Using the details from the consultation, we’ll search for the most competitive mortgage rates tailored to your unique circumstances.
Application
We’ll take care of all the paperwork and manage your entire mortgage application, ensuring you're kept informed every step of the way.
Completion
Once approved, you can enjoy the benefits of your new mortgage and move forward with confidence.
Consultation
We’ll begin by gathering key information to understand your financial situation and determine how much you can realistically borrow. A basic credit check will also be conducted to assess eligibility.
Solution
Using the details from the consultation, we’ll search for the most competitive mortgage rates tailored to your unique circumstances.
Application
We’ll take care of all the paperwork and manage your entire mortgage application, ensuring you're kept informed every step of the way.
Completion
Once approved, you can enjoy the benefits of your new mortgage and move forward with confidence.