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Enhanced proc fees for brokers online

A packager is offering enhanced proc fees if brokers submit applications online.

Solent Mortgage Services is offering all brokers a larger proc fee for every application submitted via the online platform, Mortgage Trading Exchange.

Brokers will be able to earn an extra 0.10%, or £50, for all cases logged before April 30.

The Mortgage Trading Exchange provides access to SMS mortgage applications and agreements in principle.


Connect Mortgage Group to pay proc fees on offer

Connect Mortgage Group is offering to pay procuration fees to its 460 members when the mortgage is offered rather than the industry norm of after completion. Tony Webster, chief executive officer at Connect, says: “The credit crunch is affecting everyone in the industry and some brokers are finding cash flow extremely tight. Allowing our brokers […]

Base rate tinkering is not good enough

I recall speculating three years ago about a tidal wave of capital that would be unleashed on the mortgage market in 2008, as well as envisaging a considerably livelier business environment than we are experiencing.

A question of service

Roy Armitage, head of credit, LendInvest Selling a loan is the part of a lender’s workload most visible to brokers and borrowers. Just as crucial – but less frequently observed – is how that lender services that loan. A commitment to quality servicing is one that’s front and centre for us at LendInvest and it’s […]


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