Guide to Product Transfers

The table below contains details of the types of Product Transfers that can only be done with
BM Solutions.

Existing Scheme: Sub Prime

New
Scheme		 Transfer
Acceptable?		 How to submit product transfer Proc
Fee?
Sub Prime Yes By broker through One Minute Mortgage Yes
Self Cert
Sub Prime		 No N/A n/a
Buy To Let Yes Product Transfer Credit Repair Application Form submitted to the Product Transfer Team by broker Yes
Mainstream Yes If less than 4 years: Product Transfer Credit Repair Application Form submitted to the Product Transfer Team by broker.
If greater than 4 years: by broker through One Minute Mortgage 		Yes
Self Cert No N/A n/a

Existing Scheme: Self Cert Sub Prime

New
Scheme		 Transfer
Acceptable?		 How to submit product transfer Proc
Fee?
Self Cert
Sub Prime		 Yes By broker through One Minute Mortgage Yes
Sub Prime No N/A n/a
Self Cert Yes If less than 4 years: Product Transfer Credit Repair Application Form submitted to the Product Transfer Team.
If greater than 4 years: by broker through One Minute Mortgage 		Yes
Mainstream Yes Product Transfer Credit Repair application form submitted to the Product Transfer Team by broker Yes
Buy To Let Yes Product Transfer Credit Repair application form submitted to the Product Transfer Team by broker Yes

Existing Scheme: Mainstream

New
Scheme		 Transfer
Acceptable?		 How to submit product transfer Proc
Fee?
Mainstream Yes By broker through One Minute Mortgage Yes
Self Cert No N/A n/a
Buy To Let Yes By broker through One Minute Mortgage Yes
Sub Prime No N/A n/a
Self Cert
Sub Prime		 No N/A n/a

Existing Scheme: Self Cert

New
Scheme		 Transfer
Acceptable?		 How to submit product transfer Proc
Fee?
Self Cert Yes By broker through One Minute Mortgage Yes
Mainstream Yes By Sales Team No
Buy To Let Yes By broker through One Minute Mortgage Yes
Sub Prime No N/A n/a
Self Cert
Sub Prime		 No N/A n/a

Existing Scheme: Buy To Let

New
Scheme		 Transfer
Acceptable?		 How to submit product transfer Proc
Fee?
Buy To Let Yes By broker through One Minute Mortgage Yes
Mainstream Yes By Sales Team since income assessment required No
Self Cert No N/A n/a
Sub Prime No N/A n/a
Self Cert
Sub Prime		 No N/A n/a

Existing Scheme: Axess

New
Scheme		 Transfer
Acceptable?		 How to submit product transfer Proc
Fee?
Axess No N/A n/a
Sub Prime Yes By Product Transfer Team Yes
Self Cert
Sub Prime		 No N/A n/a
Mainstream Yes Product Transfer Credit Repair application form submitted to the Product Transfer Team by broker Yes
Buy To Let Yes Product Transfer Credit Repair application form submitted to the Product Transfer Team by broker Yes
Self Cert No N/A n/a

Existing Scheme: Mortgage Plus

New
Scheme		 Transfer
Acceptable?		 How to submit product transfer Proc
Fee?
Mainstream Yes Is acceptable if the unsecured amount is redeemed by the customer and the secured loan is reduced to fit current Mainstream LTV can be done by broker through One Minute Mortgage Yes
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Product Transfers