★ 5-star Google reviews | £ Zero broker fees for TML product transfers | ⏱ Applications completed within days | 🏦 Access to TML's full rate range
What is a TML Product Transfer?
A TML product transfer, sometimes called a rate switch or mortgage switch, is simply when you move onto a new interest rate with The Mortgage Lender without changing your lender, your property or how much you owe. It is usually done when your current fixed or tracker rate is coming to an end, and you want to avoid dropping onto TML's Standard Variable Rate, which is known as their reversion rate.
Compared to a full remortgage with a new lender, a TML product transfer is much simpler and faster. Most switches are sorted within a few working days, with no solicitors, no affordability checks in most cases and no legal fees to worry about.
Key benefits of a TML product transfer
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Avoid TML's higher Standard Variable Rate (SVR / reversion rate)
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No full affordability reassessment, the product transfer is like-for-like
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No solicitor required, no legal work or conveyancing.
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No valuation fee in most cases
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Faster than a full remortgage, typically a few working days
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Secure a new rate up to 6 months before your deal ends
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Particularly smooth process if you are self-employed or have specialist circumstances
Get Free TML Advice
No obligation. No fees. We'll compare your TML options and the wider market.
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Broker required? Yes always
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Broker fee? Free with us
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Apply up to? 6 months early
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No ERC window? Final 3 months
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Affordability check? Usually not needed
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Solicitor needed? No
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Additional borrowing? Not available
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Monthly deadline? 19th of the month
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TML notice period? At least 1 month
How We Helped a TML Client Save Over £1,800 a Year
Client case study
Self-employed landlord, buy-to-let, Oxfordshire.
One of our clients in Oxford had a TML buy-to-let mortgage coming to the end of its 2-year fixed rate. Their income had changed quite a bit since they originally took it out, and they were not sure whether switching to a new lender would even be an option.
We confirmed they were a straightforward fit for a TML product transfer. No income checks, no solicitor, no stress. We got a new 2-year fixed rate secured four months before their old deal ended, with the new rate timed to kick in on the exact same day.
By acting early and staying off the SVR, they saved: £1,800 per year
Drummonds Finance Group
Why The Mortgage Lender Requires a Mortgage Broker
TML only sells its mortgage products through authorised brokers. There is no way for a customer to call TML directly and arrange their own product transfer. It simply does not work that way.
When your fixed rate is getting close to ending, TML will send you a letter telling you at least a month before. That letter will point you towards a mortgage broker. We would always recommend getting in touch with us before that letter even arrives, so we can get ahead of things and make sure you never accidentally land on the SVR.
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We take a look at your TML mortgage
We check your current deal, the end date, what you owe and whether any early repayment charges might apply.
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We compare your options
We go through TML's full product transfer range and check it against the wider market to make sure you are getting a good deal.
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We talk you through the right choice
We explain the rates available, whether a 2-year or 5-year fix makes sense for you, and what the difference is between staying with TML or switching lenders.
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We submit the application
We log in to TML's broker portal and complete the product transfer for you, timing the new rate to start exactly when your old deal ends.
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New rate confirmed, and you are done.
Once TML confirms the offer, the new rate is locked in. Most clients are all sorted within a few working days with no disruption to their mortgage at all.
Switch Your TML Mortgage Deal With Expert Advice
If your mortgage with The Mortgage Lender is coming to an end, or you are already on their variable rate, a TML product transfer could help you secure a new deal quickly without switching lenders.
At Drummonds Finance Group, we help clients across the UK review and complete TML product transfers, with no broker fee charged for this service.
We support clients nationwide, including Oxford, Bicester, London, Birmingham and beyond, making the process simple, clear and stress free.
Who Can Do a TML Product Transfer?
Current deal status
Your fixed or tracker rate should be ending soon, or you are already on TML's reversion rate.
Mortgage balance
The balance stays the same. TML product transfers are like-for-like only, and you cannot borrow more
Property
You must be staying in the same property. If you are moving home, this would be a separate process
People on the mortgage
You cannot add or remove someone from the mortgage as part of a product transfer
ArrearsNo current arrears and no missed payments in the last 12 months
Self-employed or variable income
Generally fine, as there is no income reassessment
Credit score changes
Not reassessed for a like-for-like switch
Borrowing more
Not possible through a product transfer. A separate application would be needed
TML Product Transfers for Self Employed, Contractors and Complex Cases
TML built its reputation as one of the most flexible specialist lenders in the UK, and that flexibility carries through to product transfers as well.
If you originally took out your TML mortgage as a self-employed borrower, a contractor, a landlord with complex income or someone with a bit of credit history behind them, a product transfer can be done without going back over any of that. Because no new application is being made, TML does not review your income, employment, or credit profile again.
Self-employed borrowers
No SA302s, no accountant letters, no income checks. Your TML mortgage just carries on, and you pick a new rate.
Contractors and freelancers
However, your income was assessed when you first took out the mortgage; none of that is revisited. It is purely about the rate.
Buy-to-let landlords
TML buy-to-let product transfers work the same way. Worth noting that the FCA does not regulate buy-to-let mortgages
Past credit issues
If TML accepted you when you first applied despite some credit history, that history will not be re-examined for a standard product transfer.
Tailored Advice, Exceptional Service
The Drummonds Advantage
We will sort your TML product transfer for free. No fees, no hassle and honest advice from a broker who handles TML switches every week.
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No broker fee for TML product transfers. We are paid a procuration fee by the lender
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We know TML's broker portal and submission process very well
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We stay on top of TML's 19th of the month deadline, so nothing gets missed
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We compare your TML rates against the whole market to make sure you are not leaving money on the table
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We are experienced with complex cases, including self-employed clients, contractors, landlords and those with adverse credit
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5-star Google-rated service with real advisers, not a call centre
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Based in Oxfordshire and helping clients all over the UK
