What is a product transfer?

When your current fixed-rate lending deal expires, you have the option to switch to a new one. We call this a product transfer.
At YBS, we’ve made the product transfer process fast and simple.     
No legal work is required
Apply yourself or through your broker. 
(your broker must be on our approved lending panel)

Explore our available products

Browse our commercial mortgages to find the right one for you and your goals. 

Fill out our e-form 

This short form gives us the details to process your application.

Get in touch with us

Talk to one of our commercial mortgage specialists.

9am to 5pm Mon to Fri
Excluding bank holidays

Calls to 03 numbers are charged at the same rate as 01 or 02 from all phones.

How to switch your deal 

Number 1

We’ll be in touch

About 90 days before your current deal ends, we’ll contact you to let you know that it’s time to switch. We’ll include a guide to make things as simple as possible.
Number 2

Choose a new product

Browse our range of available products and choose one that suits you. Next, fill out a short online form. If we have questions about your application, we’ll be in touch.
Number 3

We’ll check everything

Often, we don’t need to complete credit or affordability checks. We make decisions on a case-by-case basis. If we need to complete checks or get extra information, we’ll be in touch.
Number 4

We’ll confirm you’re ready to switch

As soon as everything is agreed and approved at our end, we will send you an offer letter. Simply check, sign, and return the letter to us and we’ll take care of the rest.

Frequently asked questions

When can I apply for a product transfer?

You can apply for a product transfer any time within 90 days of your current deal ending.
You will need to apply no later than 10 days before your current deal ends. This helps us to make sure everything is switched over in time.
We won’t move you to the new deal until the current deal has ended. This means you will avoid any early repayment charges.

Which products will be available for me to switch to?

We have a range of fixed rate and tracker products available. See our product transfer range for full details.

When I switch my product, can I also make other changes to my mortgage?

Yes. You will have the option to change other features of your mortgage, such as borrowing more and amending the repayment term.
Please select all appropriate options on the e-form when you apply, and we will get in touch to discuss what we can do for you.

Will you need to make credit and affordability checks?

Often, we don’t need to carry out credit or affordability checks. Our decisions are made on a case-by-case basis.

If we need to make checks or get extra information, we’ll be in touch.

Will I need a new valuation for my property?

Normally, we won’t need a new valuation. If you would like to discuss the loan to value figure on your letter, please get in touch with us.

Can I apply for a product transfer if I’m currently on a variable or tracker rate?

You can't apply for a product transfer if you are on a variable or tracker rate right now. 
Our product transfers are only available to those on a fixed rate deal.

Can I change my mind?

Once you have signed and returned your offer letter, your rate is secured, and the new rate you have selected cannot be changed.

Will there be fees I need to pay?

As long as a valuation is not needed or requested, the only fee will be the product fee.
The product fee amount is explained in the product information.
It can be either paid upfront or added to your existing loan amount. You can choose which works best for you.