PMS and Sesame has announced a new product transfer hub for advisers.
The hub will provide advisers with access to a product transfers criteria grid, which supplies data on timeframes and the application process for each individual lender, according to the firm.
In addition, the new service offers hints and tips on customer engagement strategies, and downloadable material including templates, newsletters, as well as email and social media activity.
According to the firm, the launch of the new hub is accountable to product transfers rising in popularity.
Sesame and PMS director of mortgages Jane Benjamin says: “We expect both product transfers and remortgage business to remain strong through the second quarter and into the second half of 2019.
“This is a huge refinance opportunity and customers need our support, which is why we have been working closely with our lender partners to help advisers look after their customers and find the right product for their individual circumstances.
“Furthermore, with the current trend of five-year fixed rates now overtaking two-year deals in terms of popularity, it is more important than ever for advisers to get in touch and stay in touch with their clients.”
Group managing director Martin Schultheiss adds: “Just over half of the product transfers conducted in the first quarter of this year were on an advised basis, but that still leaves 44 per cent that were execution-only, so there is an opportunity for our profession to build further on the good work taking place.”