Below is an update from Together, the Bridging and Commercial Mortgage lender, that you can access via our bridging and commercial mortgage team. Contact our team today for more information or click here to view their product cards.
Announcement
Our latest product updates
Enhancements to our product transfer options
You may remember that we emailed you on 11th August to communicate changes to how we process first charge residential product transfers. View the email here.
To continue supporting existing customers and give you more options, we’re pleased to now be extending this to second charge residential product transfers.
What’s new
Where you identify that a product transfer is the most suitable option for your customer, we’ll process this in-house and offer your customer options from a suite of retention products. We’ll pay a commission of £495 upon completion of successful product transfers to you.
What’s the process
A product transfer should be referred to your account manager, who will then arrange for the customer to be called by a member of the retention team within Together.
To qualify for a product transfer, the borrowing must be like-for-like and the new payment must be cheaper than the current payment or the reversion payment, if coming to the end of their existing fixed rate.