Santander will add its product switch charges to all major sourcing methods from Friday, which the financial institution says will make “it simpler for brokers to assist prospects trying to change merchandise”.
Head of Santander for Intermediaries Graham Sellar adds: “We’re continually reviewing our processes and discovering methods during which we will be extra clear with our dealer companions.
“Introducing our product switch charges to sourcing methods is the newest steps in the direction of making it simpler for brokers to do enterprise with us, whereas brazenly sharing our charges reaffirms our dedication to no twin pricing throughout any of our mortgage merchandise.”
As a part of this overview, together with one other held by the watchdog in June, it’s consulting on making product transfers and remortgages less complicated and less expensive by means of a variety of measures.
This consists of “lighter affordability assessments” for remortgage debtors and boosting using execution-only product transfers.
