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Newcastle Intermediaries to launch product transfer proposition
21 January 2019
Newcastle Intermediaries will launch a product transfer process paying brokers a proc fee of 0.20%.
Following a successful product transfer trial with L&G Mortgage club the lender is now expanding its product transfer process to all registered intermediary partners.
Steve Carruthers, head of mortgage distribution at Newcastle Intermediaries, said: “We have been gaining feedback from brokers on what they want from product transfers and we’ve developed a product transfer process for all of our broker partners.
“I’m pleased to announce that our product transfer process is now available and products will be available on sourcing systems.”
