Product Transfers

We value our relationship

At Skipton Intermediaries we truly value the relationship we have with brokers. We also recognise the time and effort that goes into each mortgage application when seeking out the best deals for your clients. We now pay a procuration fee for retaining your client’s mortgage with us and you can complete product transfers using our e-mortgage system.

How does it work?

Your mortgage clients will be eligible for our standard remortgage product range, as well as our loyalty product range which has previously only been available to customers who have approached us directly. Both ranges will be available on your sourcing systems.

All the information and forms that you need to complete the product switch can be found on this page, so please take a moment to bookmark it for your convenience.

Who’s not eligible?

We want to make this available to as many of your clients as possible. However, there are some cases that will not be eligible. This includes:

  • A request for additional funds
  • A change to the method of repayment
  • A change to the mortgage term
  • If the client remains in an early repayment charge period for any part of their mortgage
  • If any part of their mortgage is on interest only. (We will accept buy to let cases on interest only or part interest only.)

Of course that doesn’t stop a client applying to change their mortgage in respect of any of the above, it just means they would need to go through the existing process which would make their product switch ineligible.

Frequently Asked Questions:

Are customers we didn’t originally introduce to Skipton eligible for the pilot?

What method of consent will I require from my client?

Will the request secure the mortgage product?

Where do I send the documents?

When will the transfer take place?

How does my client make simultaneous overpayments?

How will I see the new loyalty products?

Are the products exclusive to us?

What does the client have to do?

Is the pilot available for both residential and buy to let cases?

What valuation indexation is used? If client doesn’t agree will you allow a revaluation?

If the LTV is over 90% is there anything you can do?

How quickly will Skipton Building Society process the request?

How much I will get paid and when?

Who should I contact if I have any additional questions?