Quantum Mortgages launches product transfer range
Available across all of Quantum’s product ranges, the transfers will not require a new application or affordability assessment.
Quantum Mortgages has launched a new product transfer range, allowing existing borrowers to switch onto a new fixed-rate deal without undergoing additional underwriting.
The specialist buy-to-let (BTL) and bridging lender said the new proposition will enable customers nearing the end of their fixed-rate period, or those currently on a variable rate, to move onto a 5-year fixed-rate product.
Available across all of Quantum’s product ranges, the transfers will not require a new application or affordability assessment.
A £999 product fee will be added to the loan, while the intermediary that originally arranged the mortgage will receive a fee without needing to complete any additional paperwork.
Jason Neale (pictured), CEO and founder of Quantum Mortgages, said: “This is a very rare but important offering from a securitisation-based lender.
“Most capital markets funded lenders like us cannot offer product transfers, which means that at times like these when borrowers can’t remortgage because the ICR fails, they end up stuck on very high reversion rates and risk becoming mortgage prisoners.
“This incentive means we can offer performing borrowers a new fixed rate, regardless of any change in affordability.”
Related
CapitAll Finance joins the BDLA
LendInvest removes ERCs and cuts rates across BTL tracker range
Albatross Lending Group joins the BDLA
SDKA increases BTL title indemnity insurance loan limit to £250,000
Principality Intermediaries increases product transfer rates across residential and BTL ranges
BDLA confirms final line-up 2026 Annual Conference
Aspen provides £1.9m refurbishment facility for Bath conversion
Simplybiz Mortgages and FIBA add six lenders to specialist property finance panel
Principality adjusts rates across mortgage offering
Premium Credit strengthens leadership team with product and AI hires
StreamBank completes £1.5m bridge to support shopping centre acquisition
