Halifax Intermediaries has combined its product transfer and further advance application process.

The process was initially launched to support existing customers looking for additional borrowing.

The new feature will allow customers to apply for additional borrowing and amend the term of the existing sub-accounts.

Where eligible, customers will also be about to include a product transfer to select a new product for those sub-accounts.

The process will provide instant decisioning with a decision in principle that has a soft footprint credit search.

The system can create and review illustrations instantly while also being able to save and resume keying.

In addition, customers will be able to amend the loan amount and other details before submitting the application in full.

Halifax Intermediaries and Scottish Widows bank head Amanda Bryden says: “We’ve been working with brokers to streamline the product transfer & further advanced application where they are taken together, making the process better for them and for Halifax mortgage customers.”

“Following a successful trial, these applications will now follow the same improved process we launched in September for Further Advances – making it easier for brokers helping customers meet their financial needs and improve their homes, at the same time as securing a new deal.”