Product Transfers
- Services
- Mortgages
- Product Transfers
Product Transfer Mortgage Advice in Scotland
A product transfer allows you to move onto a new mortgage deal with your existing lender when your current rate is ending. Often, this can be a quicker and simpler alternative to a full remortgage. However, that does not always mean it is the best option.
At Mark One Financial Services, we help homeowners across Scotland review product transfer options carefully. While staying with your current lender may reduce paperwork, it can also limit your access to better rates elsewhere. Therefore, professional advice is essential before making a decision.
How Product Transfers Work
When your current rate is due to end, your lender will usually offer a selection of new products. In many cases, no new valuation or affordability assessment is required. As a result, the process can feel straightforward.
However, not all lender offers are competitive. Consequently, accepting a product transfer without comparison could mean paying more than necessary over time.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
Why Advice Still Matters
Although a product transfer is convenient, it should still be reviewed alongside the wider market. Moreover, your circumstances may have changed since your last deal. For example, your income, property value, or future plans could open up better options.
Additionally, we consider fees, incentives, and long-term affordability. As a result, you now have the best information and advice to make an informed decision with confidence.
Ultimately, our role is to ensure your next mortgage deal genuinely suits your needs, not just your lender’s priorities.
Common Questions Answered
All Services
