A product transfer is when you move from your existing mortgage deal to a new one with your current lender. While it is not a new concept, a product transfer is a lesser-known option which may be a good alternative to remortgaging, depending on your circumstances.
One of the huge benefits of a product transfer is it’s time friendly. As you are already with your lender, it is unlikely they would need as much information from you compared to if you were moving to a new lender. Whether in the Military or not, life is busy and anything that makes it easier has got to be a positive!