Knowledge Bank will now allow brokers to track product transfer windows for residential and buy-to-let lenders that offer a rate switch.

This will let brokers contact clients ahead of the period where early repayment charges may be waived and stop borrowers from moving onto a lender’s standard variable rate.

All product transfer information can be accessed through Knowledge Bank and applications can be made directly though the criteria search system.

Knowledge Bank says this development was made in response to requests from brokers, who decried the lack of a central repository of product transfer information and so risked missing out on deals.

Knowledge Bank chief executive Nicola Firth says: “As always at Knowledge Bank, the broker and the lender are at the heart of everything we do.

“We constantly invite brokers to give us feedback on the system, and ask them what they would like added to help them place cases more efficiently. This new product transfer feature is a perfect example of our team’s determination to provide the best solution for brokers.

“This is the first in a number of new releases on the system for both brokers and lenders that will further enhance user experience.

“This latest development has been extremely popular with our brokers, and we’ve already had some great feedback from them. We continue to evolve Knowledge Bank to ensure we remain an invaluable asset for brokers.”