Product transfers

Exclusively through the intermediary market

Product transfers are available exclusively through intermediaries. You don’t need to have provided the advice on the original mortgage but you will need to register with us before you can submit a product transfer.

Whilst most customers whose account is outside of any early repayment charge period will be able to complete a product transfer, not all customers will have product transfer options available to them.

If a product transfer isn’t available and your customer wants to consider a new product with us you’ll need to use our remortgage options. We’d need to complete a full underwrite of the application at that time, taking into account your customer’s current circumstances. As a result, if a remortgage is taken with us, you’ll receive the full new business procuration fee rather than the product transfer procuration fee of 0.25% if submitted direct or, if submitted via a club or network, we’ll pay them 0.30% for distribution.

How product transfers work

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Before we can start the process, we’ll need authority from your customer allowing you to act on their behalf. Until we receive their authority we’re unable to secure a rate for your customer.

The quickest way to do this is to ask your customer to call us and give their authority verbally over the phone. Simply ask them to call our Product Transfer Team on 0333 240 6180 and we’ll register their authority directly onto our system, meaning you can start talking with us straight away about your customer’s product transfer requirements.

Alternatively, you can ask them to complete our Product Transfer Letter of Authority. Once you have this, email it to us at [email protected] and we’ll then contact you within 48 hours to get the ball rolling.

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We’ll run some initial checks on your customer’s account and let you know if a product transfer is available for them, such as making sure their account is up to date.

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Our current product transfer rates are shown below. Just let us know which product your customer has selected. We’ll accept applications up to three months before the current product rate and early repayment charge period expires but completion of the transfer cannot take place during an early repayment charge period.

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We’ll send you a mortgage illustration for the product selected for you to discuss with your customer.

Changes to your customer’s account, such as amending the term or repayment method, can be considered but would need to be completed either before or after the product transfer completes.

If your customer wants to make a lump sum overpayment, this can be completed in the 10 days before the transfer completes as long as we’ve received the acceptance of offer.

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If your customer is happy with the illustration we’ll then produce mortgage offer packs and send a copy to both you and your customer. To move the transfer on to completion we’ll need to receive their acceptance of offer.

Your customer can change their mind about a product transfer at any time before completion. If they’ve not yet returned the acceptance of offer, then simply give us a call and we’ll update our records. If the acceptance of offer has been sent to us they’re still able to cancel the product transfer up until the day the new product is due to take effect.

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You need to make sure there’s a clear calendar month between us receiving the signed acceptance of offer and the product transfer completing.

Before we can start the process, we’ll need authority from your customer allowing you to act on their behalf. Until we receive their authority we’re unable to secure a rate for your customer.

The quickest way to do this is to ask your customer to call us and give their authority verbally over the phone. Simply ask them to call our Product Transfer Team on 0333 240 6180 and we’ll register their authority directly onto our system, meaning you can start talking with us straight away about your customer’s product transfer requirements.

Alternatively, you can ask them to complete our Product Transfer Letter of Authority. Once you have this, email it to us at [email protected] and we’ll then contact you within 48 hours to get the ball rolling.

We’ll run some initial checks on your customer’s account and let you know if a product transfer is available for them, such as making sure their account is up to date.

Our current product transfer rates are shown below. Just let us know which product your customer has selected. We’ll accept applications up to three months before the current product rate and early repayment charge period expires but completion of the transfer cannot take place during an early repayment charge period.

We’ll send you a mortgage illustration for the product selected for you to discuss with your customer.

Changes to your customer’s account, such as amending the term or repayment method, can be considered but would need to be completed either before or after the product transfer completes.

If your customer wants to make a lump sum overpayment, this can be completed in the 10 days before the transfer completes as long as we’ve received the acceptance of offer.

If your customer is happy with the illustration we’ll then produce mortgage offer packs and send a copy to both you and your customer. To move the transfer on to completion we’ll need to receive their acceptance of offer.

Your customer can change their mind about a product transfer at any time before completion. If they’ve not yet returned the acceptance of offer, then simply give us a call and we’ll update our records. If the acceptance of offer has been sent to us they’re still able to cancel the product transfer up until the day the new product is due to take effect.

You need to make sure there’s a clear calendar month between us receiving the signed acceptance of offer and the product transfer completing.

Our Products

Buy to Let Mortgages

Product type Term Rate Fee ERC Reversion rate
2 year Fixed 2 years 3.49% £0 4%, 3% 6.25%
(BBR + 4.50%)
5 year Fixed 5 years 3.74% 4%, 4%, 3%, 3%, 2% 6.99%
(BBR + 5.24%)
Product Type 2 years fixed 5 years fixed
Term 2 years 5 years
Rate 3.49% 3.74%
Fee £0
ERC 4%, 3% 4%, 4%, 3%, 3%, 2%
Reversion Rate 6.25% (BBR + 4.50%) 6.99% (BBR + 5.24%)
2 Years Fixed
Term 2 years
Rate 3.49%
Fee £0
ERC 4%, 3%
Reversion Rate 6.25% (BBR + 4.50%)
5 Years Fixed
Term 5 years
Rate 3.74%
Fee £0
ERC 4%, 4%, 3%, 3%, 2%
Reversion Rate 6.99% (BBR + 5.24%)

BBR 1.75%

Buy to Let Mortgages HMO & LTD Co HMO

Product type Term Rate Fee ERC Reversion rate
2 year Fixed 2 years 3.64% £0 4%, 3% 6.25%
(BBR + 5.00%)
5 year Fixed 5 years 3.74% 4%, 4%, 3%, 3%, 2% 6.99%
(BBR + 5.24%)
Product Type 2 years fixed 5 years fixed
Term 2 years 5 years
Rate 3.64% 3.74%
Fee £0
ERC 4%, 3% 4%, 4%, 3%, 3%, 2%
Reversion Rate 6.75% (BBR + 5.00%) 6.99% (BBR + 5.24%)
2 Years Fixed
Term 2 years
Rate 3.64%
Fee £0
ERC 4%, 3%
Reversion Rate 6.75% (BBR + 5.00%)
5 Years Fixed
Term 5 years
Rate 3.74%
Fee £0
ERC 4%, 4%, 3%, 3%, 2%
Reversion Rate 6.99% (BBR + 5.24%)

BBR 1.75%

Residential Mortgages

Product type Term Rate Fee ERC Reversion rate
2 year Fixed 2 years 4.29% £0 4%, 3% 7.00%
(BBR + 5.25%)
5 year Fixed 5 years 4.39% 4%, 4%, 3%, 3%, 2%
Product Type 2 years fixed 5 years fixed
Term 2 years 5 years
Rate 4.29% 4.39%
Fee £0
ERC 4%, 3% 4%, 4%, 3%, 3%, 2%
Reversion Rate 7.00% (BBR + 5.25%)
2 Years Fixed
Term 2 years
Rate 4.29%
Fee £0
ERC 4%, 3%
Reversion Rate 6.75% (BBR + 5.25%)
5 Years Fixed
Term 5 years
Rate 4.39%
Fee £0
ERC 4%, 4%, 3%, 3%, 2%
Reversion Rate 6.75% (BBR + 5.25%)

BBR 1.75%

For intermediary use only
BBR 1.75%