Product Transfer vs Remortgage: Which Saves You More?
When your Lloyds Bank fixed rate ends, you have two choices. Here’s what each means for you:
Lloyds Bank Product Transfer
Move to a new Lloyds Bank rate. Fast, no solicitor needed, no affordability review (since July 2026 FCA rule change). But you only see Lloyds Bank’s own rates.
Whole-Market Remortgage
Compare 130+ lenders. Could get a significantly lower rate. Slightly more paperwork, but Doulton Bridging Finance handles it all for you - for free.
How to Compare Your Lloyds Bank Product Transfer
- 1
Know your renewal date
Check your Lloyds Bank mortgage statement or log into your Lloyds Bank account for your deal end date. You can usually lock in a new rate 3–6 months in advance.
- 2
Note your current LTV
Your loan-to-value affects the rates available to you. A lower LTV (e.g. 60–65%) unlocks the best rates. Your Lloyds Bank statement shows your outstanding balance.
- 3
Get Lloyds Bank’s product transfer offer
Lloyds Bank will write to you or make rates available in your online account. Note the rate and any fees.
- 4
Compare with Doulton Bridging Finance
We check Lloyds Bank’s offer against 130+ lenders in minutes and tell you whether a product transfer or full remortgage saves you more money. Free, no obligation.
- 5
We handle everything
Whether you stay with Lloyds Bank or switch, we manage the whole process - application, valuations if needed, and completion. No upfront fees.
The July 2026 FCA Rule Change
Since July 2026, the Financial Conduct Authority (FCA) no longer requires lenders to conduct a full affordability review when a borrower moves to a cheaper deal with their existing lender. This means:
- Product transfers with Lloyds Bank are now faster and simpler than before
- You can switch to a new Lloyds Bank rate without a credit check or income verification in most cases
- However, the whole market may still offer better rates - and a full remortgage remains straightforward with Doulton Bridging Finance handling it
Our advice: always compare Lloyds Bank’s product transfer offer against the market before accepting it. The saving could be significant.
DBF Product Transfer System - Faster If You Want to Stay
If after comparing the market you decide to stay with your existing lender, Doulton Bridging Finance can process your product transfer through our dedicated product transfer system - cutting the admin time significantly compared to going direct.
- We handle the paperwork and submission on your behalf
- Faster processing than applying directly to your lender in many cases
- Cashback available on eligible like-for-like product transfer deals - ask us when you enquire
- You still benefit from our whole-of-market comparison first, so you know you're on the best deal available
This service is included at no extra cost. We are paid by the lender on completion.