Switching to a new Precise Mortgages product is usually a straightforward process for existing residential and buy-to-let borrowers. Our free mortgage product transfer service helps you secure a new mortgage rate before your current deal expires, helping you avoid moving onto your lender's variable rate.
When can I switch my Precise mortgage?
Precise Mortgages accepts product transfer applications from up to three months before your current mortgage product ends.
If your mortgage is approaching the end of its current deal, Precise will normally issue a personalised product quotation approximately three months before your mortgage reverts to its follow-on rate.
Who can apply?
Most customers whose mortgage is outside any early repayment charge period will be eligible to apply for a product transfer. Before proceeding, Precise Mortgages will carry out some initial checks to confirm:
- Your mortgage account is up to date.
- Your account qualifies for a product transfer.
- Suitable mortgage products are available for your account.
How our Precise Mortgages product transfer service works
- Contact our team by telephone or complete our secure online enquiry form.
- We obtain details of the mortgage products available specifically for your account.
- We explain each available option in clear, straightforward language.
- We help you select the mortgage product most suitable for your circumstances.
- Once you have made your choice, we arrange your Precise Mortgages product transfer and guide you through to completion.
Benefits of a Precise Mortgages product transfer
- Secure your new mortgage rate before your current deal expires.
- Avoid moving onto your lender's follow-on variable rate.
- No legal work is normally required.
- No property valuation is normally required for a straightforward product transfer.
- The process is generally quicker and simpler than arranging a full remortgage.
Why use our service?
- Our Precise Mortgages product transfer service is completely free of charge.
- We review all mortgage products available specifically for your account.
- We explain your options clearly and answer any questions you may have.
- We manage your application from start to finish.
- Where appropriate, we can also compare your Precise Mortgages options with products available across the wider UK mortgage market before you make your decision.