The Nottingham has announced it will introduce product transfers for brokers who retain the lender’s existing customers at the end of the fixed-rate period of their mortgage. 

The process will be fully digitised to allow brokers online access to their client’s current mortgage information before proceeding to application submission. 

The lender has confirmed that brokers will be paid on successful applications that are submitted on behalf of existing customers from July onwards. 

The Nottingham chief customer officer Iain Kirkpatrick says: “The broker community have been asking us for this, so we are delighted to respond to their feedback.”

“We’re keen to ensure that with the introduction of broker product transfers we also bring to life a digitised process to make things as efficient as possible. Brokers can be safe in the knowledge that after the fixed rate period they will be able to place product transfer business with us,” Kirkpatrick adds.