You are here: Home - News -

TMPE 2017: NatWest confirms broker product transfer fee launch imminent

by:
  • 07/11/2017
  • 0
TMPE 2017: NatWest confirms broker product transfer fee launch imminent
NatWest confirmed the launch of product transfer fees was imminent after a prompt from Legal and General Mortgage Club chair Jeremy Duncombe, at The Mortgage and Protection Event in Allianz Park.

David Hunter, (centre of photo) senior corporate account manager at NatWest for Intermediaries was cornered by Duncombe and members of the audience who called NatWest as soon as product transfer fees were mentioned.

Hunter confirmed the lender originally announced its intention to launch product transfer fees in March this year.

“We said they’d be launched in Q4 – it’s still Q4, so we are on time to announce that. This is good planning. We’re on track.”

Towards the end of the session Duncombe explained why it was important for lenders to offer product transfer fees. “The reason we want lenders to come in [launch product transfer fees] is that customers are rolling on to products when the deal term ends. That’s why it’s so important brokers are involved.”

 

 

Referring to the slipping deadline for the Competition Commission review of the mortgage market, Duncombe asked: “It’s not an FCA (Financial Conduct Authority) deadline is it?” Hunter confirmed it wasn’t.

 

 

 

There are 0 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.

Profiles

Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.

Marketwatch

Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.

Poll

Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
Read previous post:
Robert Barnard
TMPE 2017: Sub-prime mortgages are back… but this time it’s different, lender says

A decade after sub-prime mortgages triggered the global financial crisis, the sector has returned but, this time, there’s no cause...

Close