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Product Switch

Avoid paying your lender’s Standard Variable Rate by securing a product switch today.

Start saving with a Product Switch

Fill out our short enquiry form and we’ll get back to you to assess your options with your lender.

I cannot praise Mike Newman enough for the superb service he provided in arranging our mortgage. I'd have absolutely no reservations about recommending his services. Thanks, Mike!

M.F & S.F Cardiff

First class service. Mike Newman is extremely good at his job, knows his products that best suit your needs, responds really quickly to your messages, great to speak to on the phone.

J.M Penzance

Mike was amazing! After being let down by my own bank, Mike sorted everything. The whole process went along without any problems at all. He was always on hand if ever I needed to ask anything and he kept in touch with me along the way! Absolute 5* service!

K.P Birmingham

A first rate, professional service. We were very impressed with Mike. He kept us fully informed at each stage of the process, answering our queries and making what some consider a complicated and stressful time absolutely painless.

P.R & S.R Fareham

Outstanding service. Mike was extremely polite, helpful and knowledgeable. Always kept in contact and replied to emails returned calls quick and efficiently. More than happy with the service.

A.P Birchington

We are so pleased that we decided to choose this company for finding a new mortgage. Communication and their patience at answering our queries was excellent. We will not hesitate to use Creative in the future.

G.R & R.R Norfolk

Absolutely excellent, from beginning to end I couldn't fault Mike and Natalie. On time, responsive, proactive and accurate. Also the respect and understanding they demonstrated was unexpected in this world today.

S.O & N.O Lyme Regis

Why use us for your next Product Switch?

  • No broker fee charged
  • Quick and convenient
  • We handle the paperwork
  • Rates often lower than arranging yourself
  • Advice to help you decide on your best option
  • Advanced booking for added peace of mind
  • No supporting documents required in most cases

When can I book my new rate?

You can book your new rate between 3 and 6 months of your current deal expiring. Your new payment will commence when your current  product expires.

What if rates improve after I book my product?

No problem, no fuss and no fee for us to switch you to a lower option at any time prior to your new deal starting.

Will my lender have a fee?

The majority of lenders offer the option of a fee-free product switch. There will be lower rates with a product fee and we will advise which option offers the lowest overall cost to you, to help in your decision.

Types of mortgage rate

When looking at a new mortgage deal you may have a variety of options, including rates that are fixed and those which are variable.

 

A fixed rate of interest, as the name suggests, remains stable over a defined period and gives you the certainty of knowing what your payments will be every month during this time. The typical term of a fixed rate is between 2 and 10 years, and whilst you will be protected against any increases in interest rates, you will not benefit from any reductions.

 

A variable rate, on the other hand, may fluctuate with movements to a lender’s underlying rate of interest or, more specifically in the case of a tracker, with changes in the Bank of England Base Rate. These tend to run for a shorter period of between 2 and 5 years. Variable rates tend to offer a lower initial payment than those that are fixed and they may even reduce, but equally they may cause your payment to increase if circumstances dictate this.

 

Talk to us today to learn what options you have with your lender and which of these will suit you best. We’re available weekdays until 7pm on 0330 133 6183.

Your home may be repossessed if you do not keep up repayments on you mortgage.

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