Procuration fees for growing your mortgage retention business
31st May 2019
This year, we launched a new product transfer process which pays brokers a procuration fee of 0.20% for switching an existing borrower to a new rate.
To continue rewarding customer loyalty, we have created a product transfer range that offers preferential rates for existing customers. The new products are live on sourcing systems to coincide with maturity letters which landed this week for customers with a product maturing in August.
The letter includes details of the maturity product offering and information for you to source a new product on sourcing systems. Some of these customers will therefore be ready to discuss moving to a new deal.
All of our existing customer exclusive products and details of the transfer process can be found here.
Should you require any further help or assistance, please do not hesitate to contact us.