Birmingham Midshires Product Transfer vs Remortgage
Speak to a Mortgage Adviser
Which option is best for you and your mortgage deal
Hi, I’m Liam from Drummonds Finance Group. If your current mortgage is with Birmingham Midshires, you might be wondering what to do when your fixed rate ends. Should you stick with Birmingham Midshires and do a product transfer, or switch to a new lender altogether and remortgage?
The truth is, both options can work — but one is often far simpler, faster, and cheaper. Let’s look at the difference in plain English so you can see what makes the most sense for you.
What is a Product Transfer
A Birmingham Midshires product transfer means you stay with the same lender but move onto a new rate when your current deal finishes. There’s no need for new documents, valuations or solicitors, and it usually takes just a few days to sort out.
Think of it as a quick switch to a better rate without changing your mortgage provider.
At Drummonds Finance Group, we specialise in these transfers and we don’t charge you a penny for handling it. We simply check your new rates, compare your options, and make sure you’re not paying more than you need to.
What is a Remortgage
A remortgage means you move your mortgage to a completely new lender. You’ll usually need a full application, a credit check, income proof, and a valuation of your property. The process can take several weeks and might involve solicitor costs.
Remortgaging can be worth it if another lender is offering a significantly better deal or if you’re releasing extra equity. But for most people already with Birmingham Midshires, a product transfer is much quicker and hassle free.
When a Product Transfer Makes Sense
Most clients find that a Birmingham Midshires product transfer is the easiest route. It’s ideal if you:
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Are happy staying with BMS
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Don’t need to borrow more money
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Want to switch quickly without paperwork
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Want a free service with no broker fees
You can usually secure your new rate up to three months before your current deal ends, so it’s smart to review your options early.
When a Remortgage Might Be Better
A remortgage can make sense if:
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You want to release equity for home improvements
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You’re consolidating debts
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You’re moving home and want a new lender
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Another lender offers a deal that saves you significantly more money
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The good news is, you don’t have to decide on your own — I’ll compare both for you.
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Tailored Advice, Exceptional Service
The Drummonds Advantage
At Drummonds Finance Group, we specialise in helping clients with BM Solutions (Birmingham Midshires) mortgages. Whether you’re approaching the end of a fixed rate or looking to avoid the standard variable rate, we provide expert, no-cost support with BM product transfers. Many clients come to us specifically because BM Solutions does not accept direct applications – and we’re proud to be a trusted broker for this lender across the UK.
Ready to simplify your mortgage journey? Contact us today to experience the Drummonds advantage with expert, personalised advice every step of the way.
