Scot Wids Bank to pay product transfer proc fees

The facility, which can be used three months prior to the end of the current rate period, allows brokers to input their client’s details, view the mortgages they are eligible for, and confirm the chosen rate online.

Gordon Bowden, director at Scottish Widows Bank, said: “Scottish Widows Bank is committed to offering borrowers award-winning mortgage products and outstanding service.

“The launch of online product transfers which command a procuration fee is something brokers have asked for and further cements our reputation as an innovative, flexible and efficient lender.”