Remortgage vs product transfer
Last checked UK · illustrative onlyNot a lender or brokerAboutDisclaimer
RLPublished by Rodway Labs — not a mortgage adviser
Compare net cost of a product transfer with your current lender against remortgaging elsewhere — fees, ERC and interest over a chosen period.
Methodology & assumptions · Last checked
Your inputs
Starter figures are UK examples you can edit — replace them with your balance, rate, term and fees. Results update as you type.
Results
Transfer monthly
£1,151.13
Remortgage monthly
£1,124.31
Transfer interest (period)
£15,948
Remortgage interest (period)
£14,962
Transfer fees
£0.00
Remortgage fees + ERC − cashback
£1,149.00
Transfer net cost
£15,948
Remortgage net cost
£16,111
Net difference (remortgage − transfer)
Product transfer looks lower-cost on these inputs
£164
Soft factors: remortgaging usually means a credit check and full underwriting; transfers may be simpler but rates/fees vary. This lean is illustrative only.
Illustrative only — not personalised financial advice and not an FCA-regulated mortgage recommendation. Check your offer, Key Facts Illustration, and lender terms. Rates, fees and tax rules change. Focus is England & Northern Ireland where tax/SDLT rules apply; Scotland and Wales have different property tax regimes. Full calculator disclaimer.
What to do next
Methodology, equations & assumptions
Last checked . Figures are illustrative; tax and product rules can change. England & NI focus for SDLT-related tools — Scotland (LBTT) and Wales (LTT) differ.
Two parallel amortising projections on the same balance and term. Net cost ≈ interest over the period + fees (− cashback). Remortgage path may include ERC.
- Same balance and remaining term for both paths.
- No early redemption after the switch within the window.
- Ignores eligibility and valuation outcomes.
Notes & FAQs
- What soft factors does this ignore?
- Credit checks, underwriting, portability, cashback clawback, and whether a transfer product is even available. Product transfers are lender-specific.
- Why might transfer win even with a higher rate?
- Lower or zero fees and no ERC can outweigh a slightly higher rate over a short comparison window.