Farnborough homeowners who bought between 2018 and 2022 are now coming to the end of their fixed rate periods. Many will receive a product transfer offer from their existing lender — and many will accept it without comparison, because it is the path of least resistance. That decision is often costing them 200 to 400 pounds per month.
The SVR — standard variable rate — that Farnborough homeowners default to at the end of a fixed term is typically 2 to 3 percentage points above the best available fixed rate in the market. On a 250,000 pound mortgage that difference is 300 to 450 pounds per month. On a 400,000 pound mortgage it is 480 to 700 pounds per month. The longer you stay on the SVR, the more you pay.
Product Transfer vs Full Remortgage
| Option | What It Means for Farnborough Homeowners |
|---|---|
| Product Transfer Stay with existing lender | Faster, no legal costs, no new valuation. But your lender will not offer their best rate — you are a captive customer. Suitable when your circumstances have become more complex since the original mortgage. |
| Full Remortgage Switch to new lender | Accesses the whole market. Most products include free legal work and free valuation. Takes 4 to 6 weeks. Produces a better rate in around 60% of cases we review. |
We obtain your existing lender product transfer options first. Then we compare them against the whole market. If your lender is genuinely competitive, we tell you and save you the remortgage process. If switching saves you money, we find the best product and manage the switch. The advice is free either way.
Remortgage Timeline for Farnborough Homeowners
Start your review
Six months before your fixed rate ends is the right time to begin. Most lenders allow you to secure a rate 3 to 6 months in advance at no obligation.
Secure your rate
Once we have compared the market and you have chosen a product, secure the rate with an application. If rates improve before completion, we review and switch if better options become available.
Submit full application
Six weeks before your current rate ends we submit the full remortgage application. Legal work and valuation run in parallel.
Completion
New mortgage completes on the day your existing rate ends. No gap on the SVR, no overpayment.
Capital Raising Remortgages in Farnborough
Farnborough homeowners who bought between 2015 and 2020 have typically seen significant property value growth, creating equity that can be accessed through a capital raising remortgage. Common purposes include home improvements — extensions, loft conversions, kitchen and bathroom renovations — a deposit contribution for a buy-to-let purchase, or consolidating higher-rate unsecured debt. We assess the purpose of the capital raise, identify lenders who are most favourable for that purpose, and ensure the additional borrowing is structured correctly.