The Mortgage Works Switcher Rates Advice

The Financial Conduct Authority does not regulate some forms of Buy to Lets. Your property may be repossessed if you do not keep up repayments on your mortgage.

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Our Latest Reviews

Rob secured me a 10-year fixed rate Mortgage just as rates were starting to rise at the start of 2022. We are currently paying a very low interest rate because of his expertise.
Dom APrevious client 01/2022
Rob helped us move house during the height of Covid and made a tricky time as smooth and easy as possible for us. He found us a great rate and was always on hand.
Tom MPrevious client 07/2020

We’ll carry out a full market cost comparison to make sure you’re getting the best deal

Get access to exclusive rates that you won’t find when going direct to the lender

We donate £20 to charity for every completed product transfer

Mortgage rates for existing customers

A product transfer, also referred to as ‘mortgage rates for existing customers’, is typically the quickest and easiest way to secure a new mortgage deal. However, a product transfer doesn’t always offer the most competitive rates. In some cases, existing customers do not have access to the same competitive deals that new customers get access to. This is known as the ‘loyalty tax’ on existing customers which can penalise rather than reward their loyalty.

To ensure you’re getting the most suitable and cost-effective mortgage deal we’ll carry out a full market cost comparison to compare rates offered by your current lender with those available elsewhere on the market.

Whether you’re an existing client of Farnham Finance, or a new client, we’ll complete your product transfer free of charge.

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The Financial Conduct Authority does not regulate some forms of Buy to Lets. Your property may be repossessed if you do not keep up repayments on your mortgage.

Product transfer mortgage FAQs

What is a product transfer?
A product transfer is when you stay with the same lender, but move to a different mortgage product. This usually happens when your existing mortgage deal is about to end. Staying with the same lender can sometimes be quicker, easier and cheaper than switching to a different lender.
I would always recommend speaking with Farnham Finance before applying for any Mortgage. I will compare the most appropriate rate with TMW with the rates available for you on the rest of the market and work with you to select the perfect rate for your needs and circumstances.

Most accounts should be eligible for a TMW Rate Switch. There are some circumstances where we may need to discuss directly with the lender. These are:

  • If you have moved abroad since you took out the original Mortgage
  • If there is more than 90 days to go until your current deal ends
  • If there are any arrears on the accounts.

Other lenders may be able to help in any of those circumstances. I will conduct detailed research on the rest of the market to make sure that we are advising the best possible rate for your needs and circumstances.

You will need to be within 13 weeks of the current Rate ending on your account to apply for a TMW Rate Switch.

I would always suggest reviewing options as early as possible. I can secure rates from the rest of the market up to 6 months before the end of the current Fixed Rate. With that, we generally prevent rates getting any higher and can adjust the application to secure a more favourable rate if required.

The first step for me with every TMW Rate Switch would be to check your details with TMW. This will give me a lot of useful information to make my recommendation. To do that there are 3 things that I would request so that I can be sure that I am keeping your data safe and not giving out information to the wrong person:

  • Proof of ID (Your Passport)
  • Proof of Address (ideally, your Driving License)
  • Your Account number with TMW

This will give me a lot of useful information that I can use to make my recommendation and make sure that I am being accurate with my recommendation. TMW will give me:

  • Their Index Linked Valuation of your Property
  • The exact balance remaining
  • The current term remaining on the Mortgage

Your home/property may be repossessed if you do not keep up repayments on your mortgage.

MEET YOUR ADVISER

Meet Robert Lewis-Crosby

Robert is an experienced mortgage adviser specialising in landlord and portfolio mortgages. He has a customer- centric philosophy towards understanding customer needs and delivering value – this is reflected in everything he does from his communication style to his low advice fees. Speak to Robert today about your mortgage requirements.

Get product transfer advice for FREE

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The Financial Conduct Authority does not regulate some forms of Buy to Lets. Your property may be repossessed if you do not keep up repayments on your mortgage.