The Leeds the latest to hike proc fees

Published on

fee2

The Leeds Building Society has increased a selection of its procuration fees.

The mutual has rationalised its procuration fee structure and increased fees for directly authorised intermediaries to up to 0.37%, and for appointed representatives to up to 0.40%.

Martin Richardson, Leeds Building Society’s general manager for business development, said: “These latest changes make the banding and structure of our procuration fees simpler.

“We reviewed our fees during 2014 to bring us in line with the market and have listened closely to feedback from our intermediary partners as we continue to develop the service and products we offer through them.

“We hope to build on the growth in mortgage lending that we enjoyed last year and support more brokers in meeting their clients’ needs to make their property-owning aspirations a reality in 2015.”

The Leeds also increased procuration fees on buy-to-let and holiday let mortgages through intermediaries from up to 0.37% to up to 0.5% in September 2014.

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

The Coventry cuts selected intermediary residential fixed rates

Coventry for intermediaries has reduced a number of residential fixed-rate products for new and...

Mortgage Advice Bureau completes acquisition of Dashly

Mortgage Advice Bureau (MAB) has completed the acquisition of technology and data company Dashly,...

The Buckinghamshire lowers rates across key ranges

Buckinghamshire Building Society has cut rates across a wide spread of residential and buy-to-let...

FCA finds protection market delivering good outcomes, says TPFG

The Property Franchise Group PLC (TPFG) has responded to the publication of the Financial...

Conditional selling remains industry flashpoint as enforcement lags

Conditional selling remains one of the most persistent and contentious issues facing the UK...

Latest publication

Other news

The Coventry cuts selected intermediary residential fixed rates

Coventry for intermediaries has reduced a number of residential fixed-rate products for new and...

Mortgage Advice Bureau completes acquisition of Dashly

Mortgage Advice Bureau (MAB) has completed the acquisition of technology and data company Dashly,...

The Buckinghamshire lowers rates across key ranges

Buckinghamshire Building Society has cut rates across a wide spread of residential and buy-to-let...