Santander has now added its product transfer rates across a range of major sourcing systems, saying that the move means that “checking out our latest deals just got a whole lot easier”.
Brokers will now be able to produce mortgage illustrations for their clients, the high street bank says on its intermediary hub.
It adds: “To check your client’s current mortgage details, the valuation we’re using and the deals available to them, you’ll still need to log on to our online mortgage transfer service in introducer internet.”
The lender said it would make this change on Wednesday of this week.
At the time, head of Santander for Intermediaries Graham Sellar said: “We’re constantly reviewing our processes and finding ways in which we can be more transparent with our broker partners.
“Introducing our product transfer rates to sourcing systems is the latest steps towards making it easier for brokers to do business with us, while openly sharing our rates reaffirms our commitment to no dual pricing across any of our mortgage products.”
The move follows the end of the Financial Conduct Authority’s consultation period on its wide-ranging mortgage rule review last week.
As part of this review, along with another held by the watchdog earlier in the summer, it is consulting on making product transfers and remortgages simpler and less costly through a range of measures.
