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

First-time buyers turning to side hustles to bridge deposit gap

Almost half of aspiring first-time buyers are using secondary income streams to help fund...

Vida cuts residential rates and loosens criteria for self-employed and contractor borrowers

Vida has reduced selected residential mortgage rates by up to 106 basis points and...

Iress adds AI underwriting tool to The Exchange in protection push

Iress has struck a deal with The Interesting Life Company to offer an AI-powered...

Property firms still relying on manual checks as AI fraud risk grows

More than half of identity verification checks in UK finance and property businesses are...

Storm warnings fall as home insurance premiums ease

The number of storm warnings issued across the UK fell sharply between 2023 and...

Latest publication

Other news

First-time buyers turning to side hustles to bridge deposit gap

Almost half of aspiring first-time buyers are using secondary income streams to help fund...

Vida cuts residential rates and loosens criteria for self-employed and contractor borrowers

Vida has reduced selected residential mortgage rates by up to 106 basis points and...

Iress adds AI underwriting tool to The Exchange in protection push

Iress has struck a deal with The Interesting Life Company to offer an AI-powered...