If you’re on a really great deal, or if you’ll be hit with steep Early Repayment Charges for leaving your current mortgage, it can make good financial sense to stick with the same deal. Some lenders charge thousands of pounds if you redeem a mortgage early, so check how much you might have to pay if you were to switch to a different deal rather than transfer.
If you’re not sure whether transferring your current mortgage to a new property is the right decision, get expert help from one of our advisers. They’ll be able to work out whether it’s more cost-effective to take your deal to your new home, or to switch away from your existing mortgage to a different deal altogether.