Can I transfer my mortgage to another bank?
Yes, you can transfer your mortgage to another bank, provided the contractual and legal procedures are met. That move may make sense when the new offer improves the instalment, the total cost or the conditions attached to the loan.
Before deciding, it is worth comparing not only the spread, but also APR, MTIC, fees, insurance and any repayment or transfer costs. A lower monthly payment does not always mean a globally better offer.
It makes sense to seek specialist support when you want to understand whether the move really reduces the total cost of the mortgage and how to compare the new offer with your current solution on an equivalent basis.
Talk to a specialist to compare your current offer with alternatives on a like-for-like basis.
Want to know whether switching banks is worth it for your case?
Talk to a specialist to compare your current offer with alternatives and understand the real impact on repayments and total cost.