The Nottingham introduces product transfers via brokers

The Nottingham is introducing product transfers for brokers who retain the lender’s customers on one of their mortgages at the end of their fixed rate period.

Related topics:  Mortgages
Rozi Jones
13th May 2022
Nottingham
"We’re keen to ensure that with the introduction of broker product transfers we also bring to life a digitised process to make things as efficient as possible."

The process will be fully digitised, so once a broker has been verified they will have online access to their client’s current mortgage information before proceeding to application submission.

The Society says more details will be shared directly with brokers soon, however the lender has confirmed that they will be paid on any successful applications they submit on behalf of existing customers of The Nottingham from July onwards.

Iain Kirkpatrick, The Nottingham’s chief customer officer, commented: “The broker community have been asking us for this, so we are delighted to respond to their feedback.

“We’re keen to ensure that with the introduction of broker product transfers we also bring to life a digitised process to make things as efficient as possible. Brokers can be safe in the knowledge that after the fixed rate period they will be able to place product transfer business with us.

“We know brokers work hard to have strong and lasting relationships with their clients, so paying them a fee if the customer remains with The Nottingham as a result of their help and advice is a really positive step forward.”

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