Proc fee changes good for packagers

Making proc fee adjustments is good news for packagers says Mortgages for Business.

The buy-to-let packager believes HBOS’ recent fee changes will distinguish the more efficient packager.

Nick Blunt, head of business partner development at Mortgages for Business, says: “By aligning proc fees across the market, HBOS is creating a level playing field from which every packager can add value through providing an enhanced and dedicated service to their brokers.”

He says: “Now that proc fees are being aligned, brokers should look to utilise the packagers with the best service.”