View more on these topics

Coventry BS to pay retention proc fees this year

Houses-House-Money-Notes-10-700.png

Coventry Building Society is set to pay brokers procuration fees for retention business in 2017.

The lender currently does not pay the fees, but has been reviewing its position.

A Coventry Building Society spokeswoman says: “As part of our pledges, we give our brokers’ clients access to the same new business products as our direct customers.

“This equally applies to retention products and any customer looking to transfer their mortgage can choose from our new business range.

“We’re committed to the intermediary sector and paying intermediaries proc fees for retention business during this year – more details will follow in due course.”

Last week saw the news that Santander for Intermediaries would pay brokers a proc fee of 0.20 per cent from March.

Recommended

Santander-700x450.jpg

Santander to pay retention proc fees from March

Santander for Intermediaries has today announced plans to pay mortgage brokers a procuration fee of 0.2 per cent on retention business. The roll-out of payments across networks and mortgage clubs will start from March 1 and be fully in place by the start of July. Procuration fee payments will be paid on all retention business […]

Money-Notes-Currency-GBP-Pounds-700.jpg

FBS sets out procuration fees increase

The Family Building Society has increased procuration fees by 10 basis points on its family, offset and low start mortgages. The gross fee paid for the family mortgage rises to 0.55 per cent, from 0.45 per cent, while the fees paid for its offset and low start mortgages have increased to 0.5 per cent and […]

Thumbnail

Pension over-taxing

800,000 people are at risk of being over-taxed on their pensions, writes Steve Webb, director of policy at Royal London Hundreds of thousands of people receiving company and personal pensions should check their tax code to make sure that they are not being over-taxed, according to a leading pensions firm. Mutual insurer Royal London has […]

Newsletter

News and expert analysis straight to your inbox

Sign up
Close

Why register with Mortgage Strategy?

Mortgage Strategy continues to be the market-leading B2B mortgage publication in the UK, and provides trusted, independent insight with the aim of helping, promoting and analysing the latest developments for mortgage professionals.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Mortgage Strategy Events
Be the first to hear about our industry leading conferences, awards, webinars and more.

Research and insight
Take part in and see the results of Mortgage Strategy's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now