Principality Building Society has announced the launch of a new facility on its Mortgage Sales and Origination (MSO) system, which now allows online submissions for product transfers up to three months in advance.
The upgraded system, with its new feature, aims to facilitate easier transfers by reducing paperwork and eliminating the need for physical signatures.
These improvements are expected to expediate the transfer process, benefiting clients as they plan their mortgage future.
Furthermore, Principality is offering procuration fees of 0.20% on all completed product transfers, maintaining the same service as provided to in-branch customers. For product transfers, there will be no underwriting process.
Numerous mortgage maturity products are without fees, legal costs, or valuation fees, potentially resulting in cost savings for clients.
Shaun Middleton, head of distribution at Principality Building Society, said: “We’re really pleased to be offering this great new service for our registered mortgage intermediaries.
“We pride ourselves on giving a great customer experience, and this new service will mean we can support even more people.”
