Product Transfer Rate Switch vs Remortgage What's Best
Channel: Niche
Date: 2020-04-08

Payam Azadi director from Niche Advice mortgage brokers talks about the advantages and disadvantages of mortgage Product Transfer rate switches. He touches on how COVID-19 might mean you lean more towards a Product Transfer at the moment. He expresses clearly that Product Transfer deals are rigid by design, so if you are looking for the very best rate; to raise money; change your mortgage term or your repayment strategy then it may not be the best route for you. As ever you should seek professional advice.

Please view the blog page on this subject
https://www.nicheadvice.co.uk/mortgage-product-transfer-vs-remortgage/

#Producttransfer  #Remortgage #Rateswitch

Niche Advice Limited is a Credit Broker and does not lend money directly to clients. Niche Advice Limited is authorised and regulated by the Financial Conduct Authority

If you are thinking of consolidating existing borrowing you should be aware that you may be extending the terms of the debt and increasing the total amount you repay.

AS A MORTGAGE IS SECURED AGAINST YOUR HOME OR PROPERTY, IT COULD BE REPOSSESSED IF YOU DO NOT KEEP UP THE MORTGAGE REPAYMENTS.

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Get in contact with Payam Azadi at Niche Advice
https://www.nicheadvice.co.uk/contact-us/

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The content of this Video does NOT constitute giving advice it is purely designed for general information purposes only. The qualification for a mortgage will depend on your own individual circumstances and your case should be fully discussed with a Professional Mortgage Broker before you apply.