Same day product transfer avoids reversion rate 

A broker approached Landbay to complete a product transfer remortgage for an existing landlord client, with the clear priority of speed.  

Property type: Standard
Location: London
Product:  Product Transfer Premier 5-year fixed

Challenge

On the surface this was a straightforward product transfer with no property or client complexities. However, timing was critical. The broker needed the transfer completed swiftly to ensure the landlord avoided being moved onto a reversion rate, which would have resulted in higher costs. 

Solution

Using our streamlined product transfer process and broker portal the case progressed rapidly from submission to offer on the same day. We were then able to move quickly to legals, ensuring momentum was maintained all the way through to completion. 

Outcome

The product transfer completed smoothly within days, delivering a positive result for both broker and client.  

The speed and efficiency of the process reinforced confidence in Landbay as a lender and demonstrated how our technology-led approach enables quick, reliable outcomes for brokers and their landlord clients.