Halifax Intermediaries are launching a new combined product transfer & further advance application process.
They recently launched their new further advance application process to better enable brokers to support existing Halifax mortgage customers looking for additional borrowing. From Tuesday 28 January, they are adding to that process and further advances where a product transfer is also required will now follow the same new and improved process.
Key features include:
- Apply for additional borrowing, amend the term of the existing sub-accounts if required, and where eligible include a product transfer to select a new product for those sub-accounts
- Instant decisioning with a Decision in Principle that has a ‘soft footprint’ credit search
- Create and review illustrations instantly
- Save and resume keying
- Ability to amend the loan amount and other details before you submit the application in full
Amanda Bryden, Head of Halifax Intermediaries & Scottish Widows Bank said:
“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, theseapplications 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.”
