What is a product transfer in Coventry?

When your mortgage deal is coming towards its end your current lender should offer you a new deal to stay with them, this is known as a product transfer. You are under no obligation to stick with your lender, remember, there are thousands of competitive deals out there and you should consider shopping around for deals elsewhere.

Are you rewarded for being loyal?

As an experienced mortgage broker in Coventry, we always recommend that you don’t rush into things, you should get remortgage advice in Coventry before accepting moving forward with the most convenient deal. It can be hard to find a competitive deal with the same lender and that’s why we advise in shopping around first.

A Mortgage Advisor in Coventry at Coventrymoneyman will search through thousands of mortgage/remortgage deals until they find a perfect one that matches your personal and financial circumstances. Here at Coventrymoneyman, we will always have your best interests at heart and will try our absolute best to help you get that 1/1000 mortgage deal.

Tempted by an online switch?

Whilst swapping to a new deal with your current lender may well be fairly easy online, it is always in your interest to see what other deals you may be eligible for. Lenders will always try and tempt you to take their online offer over getting mortgage advice in Coventry. They probably know that you can get a better deal but why would they want you to know that this is why taking mortgage advice in Coventry can really help!

When you go to your mortgage broker in Coventry, like us, you are guaranteed consumer protection. If you decide to go ahead with an online switch, you don’t receive any of this.

You’ll be Opting Out of Mortgage Advice

In past, we have seen that some customers just go for the most convenient option. This often leads to them missing out on a great deal that they could’ve accessed had they taken things slower or approached a Mortgage Broker in Coventry.

You should always take advice! We offer a free initial mortgage consultation in Coventry and can do all of the shopping around for you across our large panel of various lenders in order to find an amazing mortgage deal.

If you end up on the wrong deal by accident or realise that you could’ve had a better one down the line, you can’t complain as you chose to opt-out on advice and do everything on your own through an online switch. Switching deals in the future will cost you a lot more than had you taken Mortgage Advice in Coventry.

Open & Honest Mortgage Advice in Coventry

We have been working within the mortgage industry for over 11 years now and know exactly how to find you a perfect mortgage deal. We can arrange everything for you and help get the ball rolling with your product transfer.

Even if your requirement seems straightforward we always recommend that you take Mortgage Advice in Coventry. A second opinion costs nothing and making a mistake when taking a new product can be costly.

90% of the time savings can be made and this can be done by simply searching the market for a new deal. Let your mortgage broker in Coventry help you secure that amazing deal, we can’t wait to hear from you!

Date Last Edited: December 6, 2023