Procuration Fees for Mortgage Retention
17th April 2019
In January, we launched a new process to allow brokers to arrange a product transfer from an existing deal to a new deal with us. With this introduction, all registered brokers can now receive a retention procuration fee of 0.20% for switching an existing borrower to a new rate.
We believe in rewarding customer loyalty, which is why our product transfer range offers preferential rates for existing customers. Customers who have a product maturing in July are set to receive a maturity letter next week. We therefore envisage some of these customers will be ready to discuss moving to a new deal with you.
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.