Grow your mortgage retention business
We recently refreshed our existing customer product transfer proposition, reducing rates on our 5 year fixed products up to 80% LTV. Product transfers were the biggest growing area for brokers in 2018 and play an important part in building long lasting relationships with your clients.
We believe in rewarding existing customers therefore these new products offer preferential rates for existing customers looking for a new deal.
The refresh includes a 5 year fixed fees free offering of 2.32% (4.50% APR), a 0.20% reduction on its previous rate, up to an LTV of 80%. Alternatively, a 5 year fixed at 2.21% (4.50% APR), a 0.20% reduction on its current rate is also available up to an LTV of 80% and includes a £599 completion fee.
What's more, we recently introduced a new online product transfer tool, making the process even simpler for you and your clients. You can access the tool through our online portal and easily switch your client's rate up to three months prior to the maturity of their existing deal, with no early repayment charge. With a few simple clicks and no need for supporting paperwork, clients can benefit from our preferential existing customer rates.
John Truswell, Head of Intermediary Mortgages, said "We're pleased to be able to provide an online transfer tool for brokers, and our reduction in rates supports customers looking for a new deal upon maturity."
All product details and the full range of available products can be found here.
Should you require any further help or assistance, please do not hesitate to contact us.