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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
Product Switch Advice From Our Team
Our team live and work locally, and our office is at Pride Park in Derby. We help homeowners across Derbyshire, the East Midlands and the rest of the UK.
A product switch, or product transfer, means moving to a new deal with the lender you already have. It is often quick and simple. But your lender’s best offer is not always the best deal, so we compare it with the rest of the market before you choose.
When a Product Switch Can Help
Your deal is ending
Move to a new rate before your lender puts you on its variable rate.
Your circumstances changed
If your income has dropped, staying put can be easier than a full remortgage.
Low equity
If your home has fallen in value, your lender may still offer you a deal.
Simple and quick
Many switches need little paperwork and complete in days.
Change rate type
Move from a tracker to a fixed rate, or the other way round.
Borrow a little more
Some lenders let you add further borrowing at the same time.
Is Your Deal Ending Soon?
Check what a new deal could cost, or call us for a quick chat.
Product Switch or Remortgage?
A product switch can suit you if
- Your lender’s offer is close to the best in the market
- Your income or credit has changed
- You want a quick and simple switch
- You do not need to borrow much more
A remortgage can suit you if
- Another lender offers a better rate or lower fees
- You want to borrow more than your lender will offer
- You want a feature your lender does not offer
- You are happy for a new lender to check your details
How It Works
Get in touch
Tell us when your deal ends and who your lender is.
Compare
We check your lender’s offers against deals from across the market.
Recommend
We explain which option suits you and why.
Switch
We arrange the switch so your new deal starts when the old one ends.
More Help for Homeowners
Why Choose Mortgage & Finance Arena
Local advisers
Our team live and work locally and know the local market.
Market checked
We compare your lender’s offer with the rest of the market.
The full cost
We compare rates and fees so you see the true cost.
We start early
We look up to six months ahead so you do not drift onto a higher rate.
We handle it
We arrange the switch and keep you updated.
FCA regulated
Mortgage & Finance Arena Ltd is authorised and regulated by the FCA (No. 706676).
Product Switch FAQs
A move to a new deal with the lender you already have. It is also called a product transfer.
No. A remortgage moves your mortgage to a new lender. A product switch keeps it with the same lender.
Many lenders let you choose a new deal up to six months before your current one ends.
Often not, if you are not borrowing more or changing the term. Rules vary by lender.
Yes. We compare your lender’s offers with the rest of the market and arrange the switch for you.
Your lender will usually move you onto its standard variable rate, which is often much higher.
Some lenders allow it, subject to their checks. If not, we look at other options.
Ready to Talk?
Tell us when your deal ends and one of our team will call you back.
Your home may be repossessed if you do not keep up repayments on your mortgage. Mortgage & Finance Arena Ltd is authorised and regulated by the Financial Conduct Authority (FCA No. 706676).
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Honest opinions from people like you
There simply are no superlatives sufficient to thank you for your fantastic service! I would highly recommend mortgage and finance area to any of my friends or family looking for a mortgage. You’ve made our dreams come true! The team go above and beyond to make everything so easy.
The advice and financial services I have recently had from Charlotte at Morgage And Finance Ltd in Derby has been first class. Very professional, helpful, efficient and supportive. I wholeheartedly recommend them.
Suzanne and Charlotte were amazing and made the process of buying our first home completely stress-free for us. They were both on hand if we ever had any problems/questions and always responded with knowledgeable and completely honest answers. I would highly recommend.
If I could rate this company more than 5 stars I would. I cannot fault the service and support my partner and I have received whilst getting our first mortgage together. Ian and Megan have been amazing, making the process completely stress free. They were both on hand if we ever had any questions. I would highly recommend. Thank you!
There simply are no superlatives sufficient to thank you for your fantastic service! I would highly recommend mortgage and finance arena to any of my friends or family looking for a mortgage. You’ve made our dreams come true! The team go above and beyond to make everything so easy.