Skipton International increases non-panel proc fees

Published on

Skipton International is increasing the procuration fees offered to all non-panel brokers to 0.60%.

The offer will apply to all new applications for Skipton’s UK expat mortgages, with the fee payable upon successful drawdown of the loan. Panel brokers will continue to receive a 0.75% procurement fee on all customers they introduce.

Skipton International says it has seen substantial demand for its UK expatriate buy-to-let mortgages since launching them in 2014.

Nigel Pascoe, director of lending, Skipton International, said: “Buy-to-let remains a very popular long term investment option for British expats and we are delighted to be able to pass on additional benefits to brokers through these products.

“We remain the preferred choice for a lot of brokers due to our attractive packages and prompt, efficient service.”

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

FCA bans CEO over fake €200m bond portfolio

The Financial Conduct Authority (FCA) has fined and banned two former Blue Horizon Asset...

Pivotal reports 121% growth in second charge lending

Pivotal has reported a 121% year-on-year increase in second charge lending through its Believe...

ModaMortgages trims limited-edition five-year fixed rates

ModaMortgages has reduced rates by up to 10 basis points across its limited-edition five-year...

Providence agrees deal to acquire Hometrack

Providence Equity Partners has agreed to acquire Hometrack, the residential property valuation and risk...

The Coventry cuts fixed rates by up to 20bps

Coventry for intermediaries has reduced every fixed-rate mortgage in its range, with lower rates...

Latest publication

Other news

FCA bans CEO over fake €200m bond portfolio

The Financial Conduct Authority (FCA) has fined and banned two former Blue Horizon Asset...

Pivotal reports 121% growth in second charge lending

Pivotal has reported a 121% year-on-year increase in second charge lending through its Believe...

ModaMortgages trims limited-edition five-year fixed rates

ModaMortgages has reduced rates by up to 10 basis points across its limited-edition five-year...