APS Europe increases Platform proc fee

Mortgage Club APS Europe is increasing the procuration fees payable to intermediaries across Platforms product range with immediate effect.

Brokers submitting directly to Platform will now benefit from proc fees of up to 1.05% on non-conforming products.

The conforming buy-to-let and self-certification ranges now pay 0.55% as do the near and almost prime products.

Platforms on-line decision tool, clickdecision, which provides data-sharing between KFIs and binding on-line decisions to minimise entry duplication, has resulted in a huge increase in applications to the lender and APS Europe aims to reward brokers choosing to submit direct to the lender rather than via a packager.

Intermediaries are reminded that the buy-to-let 4.79% three-year fixed rate is being withdrawn from Friday 7th October and all applications must be received at Platform by close of business, Friday 28th October.

To qualify for the increased fees, brokers must ensure all applications have an APS Europe sticker on the front and that a submission sheet is sent to APS Europe.

For stickers and submission sheets please call 0870 203 6000 or email info@apseurope.com