An end-to-end online product transfer process has been launched by Accord Mortgages.
The new process for existing customers is said to significantly speed up arranging a product transfer and enables access to a client’s offer ‘at the click of a button. The offer is valid for 90 days.
Brokers will be able to get a lending decision and access relevant documentation online while they are with their client.
Brokers will receive a 0.30 per cent retention procuration fee when the case completes.
Accord does not require affordability assessments, valuations or credit checks for straightforward mortgage switches.
Accord national intermediary sales manager David Robinson says: “Brokers have told us that they prefer the ease of conducting product transfers online, so we hope that our new process will free up some of their time.
“The new process should make life a lot simpler for brokers arranging existing borrower transfers, and we welcome any feedback on how it can be improved further. If a broker needs any guidance on the new process they can speak to their BDM or one of our knowledgeable office-based business development advisors.”