product switch
Stay With Your Lender but Move to a Better Rate
If your current mortgage deal is coming to an end, you don’t always need to remortgage to a new lender. A product switch allows you to stay with your existing lender while moving to a new, more competitive rate — often with a quicker and simpler application process.
At Blue Sky Mortgages, we compare your lender’s offers with the whole market to ensure you make the right choice.
Clear advice for choosing your next mortgage product
As independent, whole-of-market advisers, we’re not tied to any bank or lender, so the product switch guidance you receive is completely impartial and focused on securing the most suitable option with your existing lender.
We compare your lender’s latest rates, fees and product features, and explain how each option will affect your monthly payments and long-term costs. We also check whether switching to a new lender through a remortgage could offer better value, giving you a clear comparison.
Our aim is to make the product switch process simple, transparent and tailored to your needs — ensuring you can move onto your next mortgage deal with clarity and confidence.
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Independent mortgage advice
Whole-of-market access
No complicated jargon
Friendly, efficient advisers
In person, online or phone
We’re here to simplify product switches, supporting you as you explore your lender’s options and pick the product that suits your plans.
What Is a Product Switch?
A product switch, also known as a rate switch, lets you replace your current mortgage product with a new one from the same lender.
- No legal or valuation fees
- Faster turnaround
- Less paperwork
- No changes to your lender or mortgage account
- A smooth transition to your new rate
We help you understand your options and whether a product switch is right for you.
Types of Rate Options
Exploring Product Switch Options that align with your budget and long-term objectives.
Fixed-Rate
Secure predictable monthly payments for a set period.
Tracker
Your interest rate follows the Bank of England base rate.
Variable-Rate
Lender-set rates that can change — offering flexibility with varying payments.
Product Switch
Move onto a new deal with your current lender — often quicker with fewer checks.
We review your current mortgage, explain your lender’s latest product options and help you understand how each deal affects your payments and future plans.
How We Support Your Product Switch
We make the process quick and straightforward:
- Review your current mortgage and remaining term
- Compare your lender’s offers against the wider market
- Explain early repayment charges (if applicable)
- Help you evaluate fixed, tracker and variable options
- Manage the switch and all required paperwork
- Support you until your new deal is in place
Our advisers are available 24/7, in person, online or over the phone.
If you're thinking about switching to a new mortgage product, a clear guide can help make the process feel far more straightforward.
Step-by-Step Guide to Product Switch
Check when your current deal ends
Look at your latest mortgage statement or offer document to see when your fixed or introductory rate finishes and whether any early repayment charges still apply.
Review your goals
Decide what you want your new deal to achieve – lower monthly payments, more stability with a longer fix, or greater flexibility (such as overpayments).
Speak to an independent adviser
We’ll review your current mortgage, explain your lender’s product switch options and compare them with deals available across the wider market, so you can see whether staying put or remortgaging elsewhere is better value.
Compare your lender’s new rates
We look at the product switch options your existing lender is offering – including rates, fees, incentives and tie-in periods – and check how each one would affect your monthly payments and overall cost.
Compare against external lenders
To ensure you’re not missing out, we also compare equivalent deals from other lenders. This helps you make a fully informed decision rather than accepting a new rate by default.
Choose the most suitable option
Once you’ve seen the figures side by side, we’ll talk you through the pros and cons and help you select the product that best fits your circumstances and plans.
Complete the product switch paperwork
For most switches, the process is straightforward and involves minimal paperwork, often without full underwriting or legal work. We help you complete any forms and ensure everything is submitted correctly.
Confirm your new rate and start date
Your lender will confirm your new product, the start date and your updated monthly payments. We’ll check the details with you so you’re clear on what to expect.
Your new deal begins
On the agreed date, your lender simply moves you from your old product to the new one. There’s no change of lender and no need for a solicitor – just a smooth transition to your updated rate.
Make Informed Decisions with our Simple Calculators
Whole-of-market access to an extensive range of mortgage products.
FAQ
Your Product Switch Questions Answered
A product switch is when you stay with your current lender but move onto a new mortgage rate or deal. There is no change of lender, and the process is usually quicker and simpler than a full remortgage.
Most people review their options three to six months before their current fixed or introductory rate ends. Switching in time helps you avoid moving onto your lender’s standard variable rate, which is usually more expensive.
No. A remortgage involves moving to a new lender, whereas a product switch keeps you with your existing lender. We compare both options to help you decide which offers better value.
Usually not. Product switches rarely require legal work, making the process much faster and straightforward compared to remortgaging.
Yes, but early repayment charges may apply if you’re still in a fixed or introductory period. We review your current deal and advise whether switching early could still be beneficial.
Often no. Many lenders allow a product switch without a full credit assessment, although this depends on your lender and the type of product you choose.
They may. It depends on the rate and type of product you choose. We show you exactly how your new payments will compare with your current deal.
Not necessarily. Sometimes a remortgage with a new lender offers a better overall deal. We compare both options so you can make an informed, confident decision.
Yes. We offer independent advice nationwide, with appointments available in person, online or over the phone.