Chetwood Bank has announced that brokers will receive a full procedure when the product transfers launches in its modamortgages and CHL mortgages for intermediary brands.
Digital Challenger Bank, based in the UK, has announced that brokers will receive the same procuration costs for repeated matters as when placing a new case.
At Makelaars it urges brokers to stay informed of the latest developments by registering with both lenders as quickly as possible.
The sales director of Chetwood Bank Group, Darrell Walker, says: “As a lender we are 100% dedicated to the broker’s market and are dedicated to put them in the heart of everything we do.
“We acknowledge the amount of effort that concerns the completion of a product transfer and that is why we are willing to pay them a full procedure for the work they do, regardless of whether it is a new case or repeated company.
“This is really an exciting move and brokers have to register with both lenders to ensure that they are kept informed of the launch of the product transfer.”