Phil is joined by Emma from Skipton Building Society to explain product transfers and what to do when your fixed rate mortgage deal ends. If you’re unsure whether to switch lenders or stay put, this conversation focuses on the option of moving onto a new deal with your existing lender.

When your deal comes to an end, you don’t have to accept your lender’s reversionary rate. A product transfer allows you to switch to a new deal with the same lender, often with a simpler process. Understanding your options early can help you avoid higher repayments and make a more informed choice.

If your fixed rate is nearing its expiry date, this episode will help you understand your options and decide whether a product transfer could be the right fit.

👉 VIDEO TIMESTAMPS

Chapters

• 00:00 Introduction
• 00:25 What happens when fixed rate deals end?
• 02:11 Staying with the same lender
• 03:26 Avoiding the reversionary rate
• 04:14 How product transfers could save you money

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