NR increases proc fee to boost online business

Northern Rock had offered a 150 bonus fee for cases submitted online through the Mortgage Trading Exchange and Trigold, but has extended its offer until December 31 this year, following positive feedback from brokers.

Ron Stout, spokesman for Northern Rock says: “Our original offering was successful, so we have increased it to 200.

“We believe our site’s streamlined procedures make it attractive and we want to encourage brokers to use it. Submitting online applications is growing in popularity.”