Product switch rates have reduced by up to 0.46%.

The Society has also launched new discounted rates and expanded its interest-only range.

The online system fact find questions will automatically determine if an application can follow the new process.

The new process includes instant decisioning with a ‘soft footprint’ credit search. 

The lender’s new PT Plus range mirrors the rates offered in its existing product transfer range.

Payments will be made on both residential and buy-to-let applications.

The range has launched with four residential and buy-to-let products.