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...

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

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The lender has introduced product switch rates for landlords with large HMOs and multi-unit freeholds. 

The lender has cut rates on its two-year product transfer range for existing customers.

Product transfer and Retrofit Boost rates have seen some of the largest rises.

Affected products include remortgage, Fix and Switch, Retrofit Boost and product transfers.

All new business and product transfer fixed rates will reduce by up to 0.36%.

The Society will pay a 0.35% procuration fee on all eligible transfers.

Remortgage, buy-to-let and product transfer rates are among those affected.