Product Transfer

Trends covering the refinancing of mortgages through internal product switching with the same member.

Latest data

  • 291,900 homeowners switched product with their existing provider (product transfers) in the third quarter of 2018.
  • By value, this represents £38.7bn of mortgage debt refinanced internally. These figures do not feature in any market data on remortgaging, or other published gross mortgage lending data.
  • Of the total number of product transfers, 156,900 transfers, worth £21.4bn, were conducted on an advised basis and 135,000 transfers, worth £17.3bn, were execution-only.