Free to use – no hidden fees
RateSwitch is a fee-free service because we receive commission from mortgage lenders when we switch your mortgage onto a new rate (this is called a procuration fee).
Every broker in the country is remunerated in the same way, so there’s nothing unique about this. Procuration fees are usually between 0.20% and 0.40% (of the mortgage balance switched), and it’s the same amount for all brokers.
What sets us apart is that we don’t charge a fee in addition to receiving this (lots of brokers do), and our bespoke monitoring service is a distinctive feature.
See live mortgage rates as they change
Set an alert and we’ll notify you if the rate goes down
Free to use – no hidden fees
FAQS
Can I switch early?
Yes — in many cases you can. Each lender has its own switch window, typically allowing you to secure a new deal several weeks or months before your current rate ends. The exact timing depends on your lender and product, which is why switch periods can vary.
Do I have to take legal advice?
No. Product transfers typically don’t require legal work or a property valuation.
Will there be a credit check?
Product transfer checks are usually lighter than a full remortgage. The exact checks can vary and are set by the lender.
What if rates change after I’ve secured?
If they rise, you’re locked in. If they fall before your switch date, we’ll alert you so you can amend your choice if available.