Proc Fees
Paradigm Mortgage Services has secured leading procuration fees (proc fees) as follows:
Lender |
Product |
Gross Fee |
Net Fee |
Min |
Max |
Abbey |
Standard rates |
0.35% |
0.34% |
|
|
|
Flexible Offset mortgages |
0.40% |
0.39% |
|
|
| BTL | 0.50% | 0.45% | |||
| Longer Term (5,7,10,15 years) | 0.50% | 0.49% | |||
Accord |
Standard/Offset |
0.325% + £20 per case |
0.325% |
£175 |
No max |
| BTL | 0.50% | 0.45% | |||
Aldermore |
All products |
0.45% |
0.40% |
|
|
| Bath BS | All products | 0.30% | 0.30% | £1,000 | |
BM Solutions |
BTL |
0.47% |
0.42% |
£200 |
£5,000 |
|
H2H |
0.47% |
0.42% |
£200 |
£5,000 |
|
Self Build |
0.47% |
0.42% |
£200 |
£5,000 |
|
Mainstream |
0.30% |
0.26% |
n/a |
n/a |
|
Above rates apply to new loans, product transfers and additional borrowing over £15k. |
||||
Cambridge BS |
All products |
0.40% |
0.37% |
|
|
Coventry |
Standard; Offset |
0.34% |
0.32% |
£250 |
|
Darlington BS |
All products |
0.35% |
0.33% |
No min |
£1,050 |
| GE Money | All products | 0.35% | 0.35% | ||
Godiva |
Buy to Let |
0.34% |
0.32% |
|
|
Halifax |
New Loans |
0.31% |
0.30% |
|
|
|
Further Advance/Product Transfer: |
|
|
|
|
|
Loans up to 75% LTV |
0.31% |
0.30% |
No Min |
£2,500 |
|
Loans 75% – 90% LTV |
0.20% |
0.19% |
No Min |
£2,500 |
|
Loans over 90% LTV |
0.15% |
0.14 |
No Min |
£2,500 |
Banco Halifax Hispania |
Euro Loan |
0.75% |
0.70% |
|
|
Kensington |
All Products |
0.50% |
0.40% |
|
|
Leeds BS |
Standard |
0.32% |
0.30% |
No min |
£2,250 |
Manchester BS |
Mainstream |
0.30% |
0.28% |
|
|
| BTL | 0.50% | 0.45% | |||
National Counties |
1 Year |
0.10% |
0.10% |
£100 |
£250 |
|
2 Year |
0.20% |
0.20% |
£100 |
£500 |
|
3 Year |
0.25% |
0.25% |
£100 |
£625 |
|
4 Year |
0.30% |
0.30% |
£120 |
£750 |
|
5 Year |
0.35% |
0.35% |
£150 |
£875 |
NatWest Intermediary Solutions |
BTL |
0.35% |
0.33% |
£250 |
£6000 |
Residential/Remortgage |
0.32% |
0.30% |
£250 |
£6000 |
|
Nationwide |
All Products |
0.35% |
0.33% |
|
|
Northern Rock |
Purchase |
0.37% |
0.35% |
No min |
No max |
|
Remortgage |
0.37% |
0.35% |
No min |
No max |
|
BTL |
0.37% |
0.35% |
No min |
No max |
|
Ported |
£250 |
£225 |
Flat fee |
|
Northern Rock Asset Management (NRAM) |
Ported Products |
£250 |
£225 |
Flat fee |
|
|
NRAM will no longer pay procuration fees for ported applications received by NRAM. This change will take effect for applications received from 1st Nov 2010 , With respect to pipeline cases a fully completed mortgage application received by NRAM up to and including 31st Oct 2010 which goes to completion will continue to qualify for the £200 commission payable for porting cases in accordance with terms and conditions |
||||
Platform |
BTL |
0.53% | 0.48% | 0 | £2,500 |
Precise Mortgages |
All products |
0.60% |
0.50% |
No min |
No Max |
Principality |
Standard |
0.40% |
0.40% |
No min |
£2,500 |
|
BTL |
0.40% |
0.40% |
No min |
£2,500 |
Saffron |
All products |
0.35% |
0.35% |
|
£1,000 |
Scottish Widows Bank |
Mortgage |
0.37% +£50 |
0.37% |
No min |
£3,000 |
|
Further Adv (all loans must be over £10k) |
£100 |
£90 |
|
|
Skipton Building Society |
Prime |
0.35% |
0.30% |
No min |
£3,500 |
| BTL | 0.35% |
0.30% |
No min |
£3,500 |
|
The Mortgage Works |
Buy to Let (all products) |
0.50% |
0.45% |
|
|
|
2, 3 & 5 Year Fixed |
0.50% |
0.45% |
|
|
|
Guarantor (full & limited liability) |
0.35% |
0.33% |
|
|
Woolwich |
Residential |
0.34% |
0.33% |
No min |
No max |
|
BTL |
0.34% |
0.33% |
No min |
No max |
|
Offset |
0.34% |
0.33% |
No min |
No max |
|
Retention |
0.20% |
0.20% |
No min |
No max |
| Fees correct as at 25.04.12 |
Procuration fees (proc fees) may be subject to lender restrictions such as minimum loans and maximim payments and are subject to change without notice. Proc fees are not normally available on further advances. We, Paradigm Mortgage Services do not accept responsibility for the communication of information on lender products or proc fees, nor can we guarantee being able to secure a loan offer according to product details and interest rates disclosed at the time of the application. It is your responsibility to ensure the correct gross procuration fee is displayed in the KFIs issued to clients.
The procuration fees listed are for reference only and our subject to change at short notice. Prior to submission of any mortgage application, Paradigm members should confirm what remuneration will be paid by contacting the lender directly. Paradigm will not reimburse members for any differences between figures listed and the amount received by the member from the lender.