Jan 15
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Lenders increase proc fees
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Published by Mortgage Finance Gazette on Monday, 05 January 2015 by Joanne Atkin
A number of mortgage lenders are increasing their procuration fees after a flurry of providers did the same towards the end of last year.
For all new residential mortgage applications received by Skipton Intermediaries, proc fees will rise to 0.40 per cent payable on completion. The new gross rate applies to both directly authorised brokers (DAs) and appointed representatives (ARs).
Last year Skipton increased its buy-to-let proc fees by 15 basis points from 0.35 per cent to 0.50 per cent.
