BM Solutions Product Transfer Advice

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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.
Yes, BM Solutions require you to have a Mortgage Broker to advise on the Product Transfer as part of their policy. As well as advising on all the right options with BM Solutions, I will give you a full cost comparison against the rest of the market. Fully tailored to your needs and requirements. Until the Product Transfer completes, I will monitor rates with BM Solutions to check for any more competitive rates that may come out in the meantime.
Most accounts should be eligible for a BM Solutions Product Transfer. 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 4 months 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 4 months of the current Rate ending on your account to apply for a BM Solutions Product Transfer. 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 with any BM Solutions Product Transfer is checking the Bespoke Rates available with BM Solutions. To do that, I will need to login to your account with BM Solutions and check the rates available.

To make sure that I am keeping your data safe, I do need to ask you to provide me with Proof of ID and Proof of Address, so that I can run a quick ID check and make sure that I am not giving out confidential information to the wrong person.

I will then assess BM Solutions’ best available rates for your Mortgage against the rest of the market and provide tailored advice for your circumstances.

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.