The Monmouthshire Building Society has increasing the procuration fees it pays on buy-to-let, holiday lets and ‘Buy for Uni’ mortgages submitted through intermediaries.

The mutual has increased the proc fee from 0.35% to 0.45%.

Colin Strong, head of lending procurement at the Monmouthshire Building Society, said: “Intermediaries are a vital element of our growth strategy and Monmouthshire Building Society is pleased to be able to make this change to our fee structure.”