A commercial mortgage product transfer allows you to move onto a new interest rate with your existing lender without the need to remortgage to a new bank. This is usually the quickest and easiest way to secure a new deal when your current fixed or tracker rate is coming to an end.
As a specialist commercial mortgage broker, we help you review your lender’s options and make sure you don’t pay more than you need to.
What Is a Commercial Product Transfer?
A product transfer means:
- You stay with your current lender
- You switch to a new rate or deal
- Your existing mortgage remains in place
Unlike a full remortgage, there is no need to change lenders, which makes the process much simpler. Most lenders offer product transfer options 3 – 6 months before your current deal expires.
Key Benefits of Commercial Mortgage Product Transfer
Fast Process: Product transfers are often completed within 48–72 hours, and sometimes even instantly.
Minimal Paperwork: In many cases, only a short form or broker submission is required.
No Legal or Valuation Costs:
You usually avoid:
- Solicitor fees
- Property revaluation
- Full underwriting
Lower Hassle: No need to reapply for a brand-new mortgage.
Remortgage vs Product Transfer
When your commercial mortgage term ends, simply renewing with your current lender may not be the most cost-effective path. Many lenders require a property revaluation and charge significant product fees to extend your facility, which can make staying put surprisingly expensive.
As your expiration date approaches, we provide a comprehensive market comparison to protect your bottom line:
- Whole-of-Market Review: We source competitive terms from lenders across the entire industry.
- Direct Cost Comparison: We run the numbers on the total cost of staying with your existing provider versus the savings of switching to a new one.
- Long-Term Savings: Our goal is to identify the specific course of action that minimises your total interest and fee expenditure over the full life of your mortgage.
By assessing your options early, we ensure you aren’t defaulted onto expensive standard variable rates and that your next mortgage product remains a viable asset for your business.
Things to Consider
While product transfers are simple, they do have some limitations:
- You usually cannot borrow more money
- You typically cannot change the term
- You cannot easily add or remove borrowers
- You are limited to your current lender’s rates only
This means a product transfer is not always the best option and that’s where we help.
When Should You Start?
We recommend reviewing your options around 90 days before your current deal ends.
This helps you:
- Avoid moving onto the lender’s standard variable rate (SVR)
- Lock in a better rate early
- Give enough time to explore remortgage options if needed
How We Help
As your broker, we do more than just process a switch.
1. Review Your Current Deal
We check your existing mortgage and upcoming expiry date.
2. Compare Your Options
We assess your lender’s product transfer rates as well as alternative remortgage deals across the market
3. Handle the Process
We manage everything from start to finish, including:
- Liaising with your lender
- Submitting applications
- Ensuring a smooth and quick completion
4. Unbiased Advice
If a remortgage is better than a transfer, we will tell you.
Get Expert Help Today
Why Use a Broker for a Product Transfer?
Even though it may seem straightforward, going direct can mean:
- Missing better deals elsewhere
- Accepting a rate that isn’t competitive
- Not reviewing your full options
We ensure you make an informed decision, not just the easiest one.
Frequently Asked Questions
How long does a commercial product transfer take?
Most transfers complete within 48–72 hours, depending on the lender.
Do I need a valuation?
In most cases, no valuation is required.
Can I borrow more money?
No, product transfers typically do not allow additional borrowing.
Is a product transfer always the best option?
Not always. A remortgage may offer better rates, we help you compare both.
Commercial Mortgage Advisors Near Me is a trading style of Pure Capital Limited, registered in England and Wales (No. 13383125). Registered office: 18A Gawsworth Avenue, Manchester, M20 5NF. Pure Capital Limited is authorised and regulated by the Financial Conduct Authority (FRN: 957322). We are also members of the NACFB (Membership No 30992). Most forms of commercial sub-prime and commercial finance are NOT regulated by the Financial Conduct Authority.
Financial Ombudsman Service
If you have a complaint or dispute, you have the right to raise it with us. Our complaints procedure is available on request. You can submit your complaint in writing, by phone, or by email. We take all complaints seriously and aim to resolve them as quickly as possible. If you are not satisfied with our response, you may be eligible to refer your complaint to the Financial Ombudsman Service (FOS). For more information, please visit:
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