ADVICE ON PRODUCT SWITCH
GET A NEW MORTGAGE RATE TODAY!
Secure a New Rate Today!
At the Mortgage Hive we will check with your current Lender the best deals they offer before your current one ends. We will then compare it with the rest of the market. You are then able to make an informed decision on whether it is in your interest to stay with your current lender, or swap to a new one.
A Quick and Simple Process
Secure a New Rate and Monthly Payment
Lock into a New Deal Today
Lock in up to 6 Months Before Existing Deal Ends
Residential or Buy to Let Mortgages
No Credit Search or Valuation Needed
Do Not Get Stuck on the Lenders Variable Rate
Don't get Stung, Let the Mortgage Hive save you Money
When Re-mortgaging you may want to:
Secure a new rate with your existing lender, without making fundamental changes to the mortgage. This is often called a product transfer. We will help you with this process to make sure you pick the best product for your needs. Your adviser will also compare the rest of the market so you can be sure you have the best deal.
Or:
Change your current mortgage, for example reduce the term, or raise additional funds, this will require the lender to re-check affordability. At the Mortgage Hive we will make sure it is feasible before you apply. We will also compare what is available on the market, as an alternative lender maybe a better option.
Is a Product Transfer / Swtich
Right For You?
Most Lenders will allow you to lock in to a new rate between 3 and 5 months prior to your existing deal ending. For a Product Switch/Transfer it is a fast, and easy process. The purpose is to keep your existing mortgage term, loan amount and secure a new rate with the current lender. Therefore, You cannot borrow more money, Change the Term of the mortgage, Change the repayment type from interest only to capital repayment.
If you would like to make these significant changes, we can still help via our remortgage service.