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‘Brokers already have a mortgage switch guarantee’ – Star Letter 21/07/2017

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  • 21/07/2017
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‘Brokers already have a mortgage switch guarantee’ – Star Letter 21/07/2017
Each week Mortgage Solutions and its sister title Specialist Lending Solutions select the most thoughtful or thought-provoking comment to be the week's Star Letter.

This week our Star Letter accolade is awarded to Doug for his comment on the post: Trussle says Mortgage Switch Guarantee could save borrowers £15bn

He wrote: “Brokers already have a mortgage switch guarantee with lenders like Halifax who offer a product transfer service and don’t take into account the client’s income or credit score when allowing this switch.

“I’ve just done a £264,000 product transfer from a two-year fixed at 2.14% to 1.74% three months early for a legal solicitor/barrister who went from employed to self-employed in April this year, so a full [direct to consumer] remortgage would be difficult.”

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