The new offering allows brokers and their professional property investor clients to choose a new fixed rate with no underwriting required.

Virgin has also launched new five-year fixed rate product transfer options from 4.04%.

The Society will now pay brokers proc fees for all residential and buy-to-let product transfers.

Higher-LTV fixed rates have seen the largest reductions.

The Bank offers brokers a 0.4% net procuration fee.

Large HMO/MUFB products have now been added to the new product transfer range.

The new process brings more options and greater efficiencies to brokers and their landlord clients.

Brokers have reported a surge in remortgaging with more to come throughout 2025.

The bank is also pledging no dual pricing and improving its product transfer process.

Rob Oliver, director of distribution at Dudley Building Society, explains why it's important for mortgage brokers to keep product transfers in mind, especially when advising complex...