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pays a procuration fee of 0.30% gross for Product Transfers - to recognise the work you do for your client to make sure they get the right deal to meet their needs.
What is the average procuration fee?
Most mortgage lenders will pay brokers a commission, or procuration fee, of about 0.35% of the loan size.
What is a procreation fee?
the total amount paid by a home finance provider to a home finance intermediary , whether directly or indirectly, in connection with providing applications from customers to enter into home finance transactions with that home finance provider .
What is the proc fee for Lendinvest?
Proc Fees ProductGrossNet Buy to Let0.7%0.6% Bridging Finance 1.5% 1.4% Product Transfer 0.35% 0.32%1 more row
What is the procuration fee for Skipton?
Procuration fees are payable on all our residential products. We will pay a gross procuration fee of 0.40% for all introduced owner occupied residential business to your network or mortgage club. For Shared Ownership cases we will pay a gross procuration fee of 0.45% to your network or mortgage club.
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