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A product transfer mortgage in Newcastle refers to switching your mortgage deal with your existing lender, rather than moving to a new one.
This option can be ideal for homeowners looking to secure a better rate without the hassle of a full remortgage process.
With our expert mortgage advice in Newcastle, you can explore whether a product transfer is the best choice for you, ensuring you stay on top of your payments and get the most out of your current mortgage deal.
Product transfer mortgages in Newcastle work by allowing homeowners to switch to a new mortgage deal with their current lender when their fixed term comes to an end.
By working with a mortgage broker in Newcastle like us, you can simplify the process, securing a new rate without reapplying for a mortgage with a different lender.
This streamlined approach ensures that your mortgage terms continue to suit your needs, with the added benefit of avoiding additional legal or valuation fees.
Speaking to a mortgage broker in Newcastle for product transfer advice can make a huge difference.
For example, we have access to a wide range of product transfer mortgages and can provide tailored mortgage advice in Newcastle to help you find the best product available for your circumstances.
Additionally, we will assess if remortgaging could actually save you more money in the long term by offering better rates or more flexible terms.
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5.00 Rating17 Reviews
Jill
Excellent customer service - highly recommend
7 months ago
Paul
Professional service that was friendly and problem free - could not be faulted and is highly recommended for later life financial services.
1 year ago
Sikandar
Matt has been amazing. He not only found me the cheapest mortgage but also made sure that the offer is secured quickly. He remained in close contact advising me at every step of the process. He also helped me in negotiations with the vendor’s...
1 year ago
Anonymous
Helped us to find a reasonable deal but also requested a better one when the lender reduced their rates
1 year ago
Steven
Fantastic service and had our mortgage approved within a week of our first call! Chris and Jo were a pleasure to deal with and available to chat at a moment's notice, even at weekends. The process was incredibly smooth and any recommended parties...
1 year ago
Grace
Matt gave us really good advise, which helped to give us the confidence to proceed with purchasing our first home. Once we had an offer in we were quickly shown the best mortgages to apply for, life insurance/critical illness insurance, and we were...
2 years ago
Lois
Brilliant service as always. Thank you guys 🙏 🏡
2 years ago
Anonymous
Both Jason and Chole were very helpful in helping me and my partner secure a mortgage despite having trouble getting one in the past.
3 years ago
Michael
Great response and very friendly service. Very helpful.
3 years ago
Jacqueline
My experience with this company has been great and I highly recommend them. From the initial stages through to getting the offer, everyone I spoke with was informative, professional and friendly. Tom and Jonathan really helped with the initial...
3 years ago
Sunna
I have spoke to Arron today, I have received excellent customer service. He listened me carefully and answered all my questions promptly!! Good adviser.
3 years ago
Lydia
Amazing! UK moneyman were there every step of the way. Making sure I understood everything and taking the stress out of buying your first house. They were very responsive to emails, calls and gave excellent customer service. 10/10 could not fault...
3 years ago
Kevin
All staff, very efficient,communication excellent and found us a great deal on our mortgage as my credit rating wasn’t great.Thankyou very much Leo and Newcastle moneyman.
5 years ago
david
Being self employed it was hard to get a mortgage!but thanks to Newcastle money man I’ve got one !!!thanks again would definitely recommend them!👍
5 years ago
Harley
Professional service from start to finish. Very helpful with all of the questions I was throwing at them also. Would recommend 100% and we feel we for the prefect product mortgage for us. Thank you guys!
5 years ago
Darla
Great advice from start to finish. I had only dealt with a Broker via Estate Agents before so it was a little different to do everything over the phone but much better really because I was able to speak to someone late into the evening after I had...
5 years ago
Darla
we just used this mortgage brokers for a mortgage on our new house. right from the initial phone call, the service received was very swift and carried out by professional yet very caring people. they made sure that every detail was done to the...
5 years ago
Yes, opting for a product transfer mortgage in Newcastle could save you money by securing a more competitive rate without the extra costs of a full remortgage, such as legal or valuation fees.
Of course, this can work the other way too, remortgaging to a new lender might also save you money, depending on the deals available.
With the right mortgage advice in Newcastle, you can explore both options to potentially lower your monthly payments and make an informed choice.
Remortgaging in Newcastle could be a better option than a product transfer mortgage in Newcastle if you’re looking for more competitive rates from different lenders
While a product transfer in Newcastle keeps you with your current lender and might save you on fees like legal and valuation costs, remortgaging offers the opportunity to explore a wider range of deals, which could save you money in the long-term.
A product transfer mortgage in Newcastle can be completed in as little as a few weeks, since it doesn’t require the same checks or legal work as a remortgage
Your mortgage broker in Newcastle can ensure a smooth and efficient process, allowing you to quickly benefit from better mortgage rates.
In most cases, a full credit check isn’t required for a product transfer mortgage in Newcastle, as you’re staying with your current lender. This can sometimes make the process quicker and less complex.
Speaking with a mortgage advisor in Newcastle can clarify the requirements specific to your lender.
Using a mortgage broker in Newcastle for your product transfer can help you understand all your options, compare rates, and access exclusive deals that may not be available directly from your lender.
Brokers also provide personalised mortgage advice in Newcastle, ensuring you make informed decisions.
We begin with a free mortgage review to assess your current deal and discuss your financial goals.
During this step, we’ll also explore if remortgaging could save you money compared to a product transfer mortgage in Newcastle.
After gathering details, we’ll present your options, including the best product transfer deals available from your current lender and remortgage offers from other lenders.
This ensures you can make an informed choice on the most cost-effective solution.
Once you’ve selected the best option, we handle the mortgage application process on your behalf, ensuring everything runs smoothly.
Whether you’re staying with your current lender or remortgaging, we’ll keep you updated throughout.
Upon approval, your new mortgage deal will be confirmed, and your new rate will be applied.
We’ll make sure the transition is smooth and hassle-free, ensuring everything goes as planned.
We offer a free, no-obligation mortgage review to assess your current deal and explore potential savings.
This personalised approach ensures you get tailored advice whether you’re looking for a product transfer or remortgage.
With access to 1000s of mortgage deals from a wide range of lenders, we can find the best options to suit your needs.
Whether you’re staying with your current lender or switching, we’ll compare products to help you save money.
We handle the entire mortgage process from start to finish, keeping everything simple and stress-free.
Our dedicated team is committed to finding you the best deal and ensuring a smooth transition to your new rate.
We’re available 7 days a week, offering flexibility to fit around your busy schedule.
Whether you need advice or support, you can count on us to be there when it suits you best.
Generally, a product transfer mortgage in Newcastle involves fewer fees, as you avoid legal and valuation costs.
However, in some cases, remortgaging to a new lender might result in greater long-term savings, despite these fees.
Getting mortgage advice in Newcastle will help you weigh both options and choose the best financial route.
Yes, when doing a product transfer mortgage in Newcastle, you may be able to switch to a different type of mortgage, such as moving from a fixed-rate to a tracker rate
Your mortgage advisor in Newcastle can help you explore which type of mortgage best fits your financial goals.
If you don’t secure a product transfer mortgage in Newcastle, you’ll likely revert to your lender’s Standard Variable Rate (SVR), which can be much higher.
Remortgaging to a new lender could offer better rates, but seeking mortgage advice in Newcastle before your deal ends will help you explore both options and avoid paying more than necessary.
Whether you can make overpayments with a product transfer mortgage in Newcastle depends on the specific terms of the new deal. Some lenders allow overpayments up to a certain limit.
Speaking with a mortgage broker in Newcastle will help you choose a product that suits your financial plans.
There’s no strict limit on how often you can do a product transfer mortgage in Newcastle, though most homeowners review their options at the end of their fixed-rate period, typically every 2 to 5 years.
A mortgage advisor in Newcastle can help you stay on top of the best deals, ensuring you’re always on the most competitive rate available.
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Newcastlemoneyman.com & Newcastlemoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
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Newcastlemoneyman.com & Newcastlemoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
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