The Short Answer
A product transfer is faster and cheaper to arrange - but limits you to your existing lender's rates. A remortgage opens the whole market and can mean a significantly lower rate, but involves legal fees and takes longer. The right choice depends on how your lender's rates compare to the wider market.
Doulton Bridging Finance compares both options for every client - at no cost.
Side-by-Side Comparison
| Factor | Product Transfer | Remortgage to New Lender |
|---|---|---|
| Rate selection | Your current lender only | 130+ lenders |
| Arrangement time | Days | 6–8 weeks |
| Affordability check | Not required (FCA July 2026) | Full check required |
| Credit check | Usually soft check only | Full hard check |
| Valuation required | Rarely | Usually |
| Legal fees | None | £1,500–£3,000 |
| Arrangement fee | May apply | May apply |
| Can borrow more? | Sometimes | Yes |
| Best for | Speed, simplicity; when your lender is competitive | Best rate; larger loan; changed circumstances |
When Is a Product Transfer the Better Choice?
Choose a product transfer when:
- Your existing lender's rates are competitive with the market
- You need a fast turnaround - e.g. your deal is about to expire
- Your income has changed and a full affordability check is uncertain
- Your property value has dropped and you don't want a new valuation
- The savings from a better rate don't outweigh remortgage costs
When Is Remortgaging the Better Choice?
Choose a remortgage when:
- Another lender offers a materially lower rate and the savings outweigh the fees
- You want to borrow additional funds (e.g. for home improvements)
- You want to change your mortgage term or repayment type
- Your property has increased significantly in value, improving your LTV
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.