"This is great news for brokers, who will have more time to discuss their clients’ options with them and help them to find the best mortgage for their needs."
The lender has been emailing brokers when it writes to clients about this since the start of the year, and is now informing brokers and their clients that their mortgages are maturing four months ahead of time.
Kevin Purvey, director of intermediaries, said: “Letting brokers know that their clients’ mortgages are maturing six weeks earlier than before felt like the next logical step in working collaboratively with our intermediary partners. This is great news for brokers, who will have more time to discuss their clients’ options with them and help them to find the best mortgage for their needs.
“Plus, we don’t have a restricted mortgage range for existing borrowers – including those introduced by a broker – meaning they have access to the same products as any new customer. And we will of course continue to direct broker-introduced borrowers back to their mortgage adviser – it’s all part of our commitment to the intermediary sector.”
