Product transfer
Existing borrower product transfer for intermediaries
Product transfer made easy
If you have not submitted business to the Society within the last 12 months, you will need to complete our registration process before you can complete a product transfer on behalf of your client. Please, click here to register as an intermediary or support staff then email ProductTransfer@thetipton.co.uk to inform us that you have completed the registration.
You can complete a product transfer for your client even if you didn't advise on the original mortgage, as long as you have registered with us and completed a Product Transfer Authority form.
Completing a product transfer
There are 3 simple steps to complete your client’s product. If there’s anything else you need to know, please call our Product Transfer Team on 0121 521 4088 or email ProductTransfer@thetipton.co.uk.
Product transfer
- Step 1
Complete the Product Transfer Authority form and email this to us at ProductTransfer@thetipton.co.uk. We’ll then send you a Product Transfer Product Guide with the product rates available and a Product Selection Form within 3 working days.
- Step 2
Complete the broker registration and email ProductTransfer@thetipton.co.uk to inform us that you have done this. Complete the Product Selection Form and email this to ProductTransfer@thetipton.co.uk. We’ll then send you a product transfer pack containing an Acceptance of Offer and a European Standardised Information Sheet (ESIS) for your client’s chosen product.
- Step 3
Ask your client to sign the Acceptance of Offer and email the completed form to ProductTransfer@thetipton.co.uk – we’ll do the rest!
- Step 4
When you submit a product transfer request you'll need to provide your clients with a copy of our Privacy Notice. You can download a copy from our Privacy Notice page.
If your client is currently within a product, the product transfer will take place when their current product expires. You and your client will receive notification that this has been completed.
Why get a new deal with us?*
Our simple and straightforward product transfer process can be quick and easy to complete. We will action your request within 3 working days and our below criteria keeps everything as simple as possible.
- No income or affordability assessments
- No underwriting
- No credit search required
- No valuation fee (a standard valuation isn’t required when getting a new product)
- No legal fees
- No bank statements, payslips or P60 required; and
- 0.20% procuration fee paid on both residential and buy to let rate switches
Procuration fee payments will be paid the month following completion of the product transfer.
Useful documents and links
Click here to register as an intermediary or support staff and download a Product Transfer Authority Form here.
*This service is only available to your clients who wish to complete a product transfer on to a new mortgage product. For any other changes to the mortgage, for example change to term, repayment method and borrowing more money, please contact our Business Retention Team on 0121 521 4088 or email ProductTransfer@thetipton.co.uk.
Please note, product transfer specific products are only available via our Business Retention Team.