Procuration Fees

We aim to support our brokers and your clients by offering a straight forward and hassle free process on product switches, as well as a procuration fee for you.

The Benefits

  • A straight forward and hassle free process
  • A procuration fee of 0.20%
  • No further credit checks on your client on a like for like product transfer
  • No legal or valuation costs
  • A mortgage offer within 2 working days of an approved mortgage transfer request
  • The ability to complete a term reduction/increase and/or repayment method*, when completing a product transfer

*When completing a term or repayment method change, please refer to our lending criteria.

Products for existing members

We have a range of member exclusive mortgages and we have made the process of switching mortgages straightforward.

2 Year Fixed Rate Existing Members – 60% LTV

Interest rate

1.99%

Overall cost for comparison

4.60% APRC

Product fee

No Fee

Early Repayment Charges and other fees may apply. We will lend a minimum of £100,000 to borrowers purchasing a home outside our local operating postcodes which are: TS, DL, DH, SR, YO & HG.

Based on a mortgage of £120,000 payable over 21 years, initially on our 1.99% fixed rate for 2 years and 5 months, and then on our Standard Variable rate currently 5.3% for the remaining  18 years and 7 months. This would require 29 monthly payments of £582.99 and all remaining instalments of £766.57.
The total amount payable would be £187,941.82, made up of the loan amount plus interest of £67,852.15 a product fee of £0 and account fee of £0.
The overall cost for comparison is 4.60% APRC.
If all or part of your income is in a currency other than Pound Sterling (£), you should be aware about the risks of fluctuations in currency exchange rates. If the value of the relevant currency moves against you by at least 20% then that may make it more difficult for you to afford your mortgage payments.
The Representative Example is based on mortgages sold between 01/01/2018 – 31/12/2018 and if you were to take your mortgage product as at 01/11/2021.
All above information is for illustration purposes only and may vary depending on personal circumstances.

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5 Year Fixed Rate Existing Members – 60% LTV

Interest rate

2.29%

Overall cost for comparison

3.90% APRC

Product fee

No Fee

Early Repayment Charges and other fees may apply. We will lend a minimum of £100,000 to borrowers purchasing a home outside our local operating postcodes which are: TS, DL, DH, SR, YO & HG.

Based on a mortgage of £120,000 payable over 21 years, initially on our 2.29% fixed rate for 5 years and 6 months, and then on our Standard Variable rate currently 5.3% for the remaining  15 years and 6 months. This would require 66 monthly payments of £600.28 and all remaining instalments of £741.43.
The total amount payable would be £177,614.46, made up of the loan amount plus interest of £57,523.84 a product fee of £0 and account fee of £0.
The overall cost for comparison is 3.90% APRC.
If all or part of your income is in a currency other than Pound Sterling (£), you should be aware about the risks of fluctuations in currency exchange rates. If the value of the relevant currency moves against you by at least 20% then that may make it more difficult for you to afford your mortgage payments.
The Representative Example is based on mortgages sold between 01/01/2018 – 31/12/2018 and if you were to take your mortgage product as at 01/08/2021.
All above information is for illustration purposes only and may vary depending on personal circumstances.

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2 Year Discounted Rate Buy to Let Existing Members – 75% LTV

Interest rate

2.79%

Overall cost for comparison

4.90% APRC

Product fee

No Fee

Early Repayment Charges and other fees may apply. We will lend a minimum of £100,000 to borrowers purchasing a home outside our local operating postcodes which are: TS, DL, DH, SR, YO & HG.

Based on a mortgage of £126,900 payable over 29 years, initially on our 2.79% fixed rate for 2 years and 5 months, and then on our Standard Variable rate currently 5.3% for the remaining  22 years and 7 months. This would require 25 monthly payments of £588.01 and all remaining instalments of £748.42.
The total amount payable would be £219,964.11, made up of the loan amount plus interest of £92,972.65 a product fee of £0 and account fee of £0.
The overall cost for comparison is 4.90% APRC.
If all or part of your income is in a currency other than Pound Sterling (£), you should be aware about the risks of fluctuations in currency exchange rates. If the value of the relevant currency moves against you by at least 20% then that may make it more difficult for you to afford your mortgage payments.
The Representative Example is based on mortgages sold between 01/01/2018 – 31/12/2018 and if you were to take your mortgage product as at 01/11/2021.
All above information is for illustration purposes only and may vary depending on personal circumstances.

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2 Year Fixed Rate Buy to Let Existing Members – 60% LTV

Interest rate

2.29%

Overall cost for comparison

4.70% APRC

Product fee

No Fee

Early Repayment Charges and other fees may apply. We will lend a minimum of £100,000 to borrowers purchasing a home outside our local operating postcodes which are: TS, DL, DH, SR, YO & HG.

Based on a mortgage of £126,900 payable over 25 years, initially on our 2.29% fixed rate for 2 years and 5 months, and then on our Standard Variable rate currently 5.3% for the remaining  22 years and 7 months. This would require 29 monthly payments of £600.28 and all remaining instalments of £768.96.
The total amount payable would be £188,976.20 made up of the loan amount plus interest of £68,886.18 a product fee of £0 and account fee of £0.
The overall cost for comparison is 4.70% APRC.
If all or part of your income is in a currency other than Pound Sterling (£), you should be aware about the risks of fluctuations in currency exchange rates. If the value of the relevant currency moves against you by at least 20% then that may make it more difficult for you to afford your mortgage payments.
The Representative Example is based on mortgages sold between 01/01/2018 – 31/12/2018 and if you were to take your mortgage product as at 01/11/2021.
All above information is for illustration purposes only and may vary depending on personal circumstances.

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5 Year Fixed Rate Buy to Let Existing Members – 75% LTV

Interest rate

2.99%

Overall cost for comparison

4.20% APRC

Product fee

No Fee

Early Repayment Charges and other fees may apply. We will lend a minimum of £100,000 to borrowers purchasing a home outside our local operating postcodes which are: TS, DL, DH, SR, YO & HG.

Based on a mortgage of £120,000 payable over 21 years, initially on our 2.99% fixed rate for 5 years and 5 months, and then on our Standard Variable rate currently 5.3% for the remaining  15 years and 7 months. This would require 65 monthly payments of £641.81 and all remaining instalments of £754.07.
The total amount payable would be £182,818.74 made up of the loan amount plus interest of £62,728.52 a product fee of £0 and account fee of £0.
The overall cost for comparison is 4.20% APRC.
If all or part of your income is in a currency other than Pound Sterling (£), you should be aware about the risks of fluctuations in currency exchange rates. If the value of the relevant currency moves against you by at least 20% then that may make it more difficult for you to afford your mortgage payments.
The Representative Example is based on mortgages sold between 01/01/2018 – 31/12/2018 and if you were to take your mortgage product as at 01/11/2021.
All above information is for illustration purposes only and may vary depending on personal circumstances.

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2 Year Fixed Rate Existing Members – 80% LTV

Interest rate

2.24%

Overall cost for comparison

4.60% APRC

Product fee

No Fee

Early Repayment Charges and other fees may apply. We will lend a minimum of £100,000 to borrowers purchasing a home outside our local operating postcodes which are: TS, DL, DH, SR, YO & HG.

Based on a mortgage of £120,000 payable over 21 years, initially on our 2.24% Fixed rate for 2 years and 6 months, and then on our Standard Variable rate currently 5.3% for the remaining 18 years and 6 months. This would require 30 monthly payments of £597.38 and all remaining instalments of £767.81.
The total amount payable would be £188,465.22, made up of the loan amount plus interest of £68,375.49, a product fee of £0 and account fee of £0.
The overall cost for comparison is 4.60% APRC.
If all or part of your income is in a currency other than Pound Sterling (£), you should be aware about the risks of fluctuations in currency exchange rates. If the value of the relevant currency moves against you by at least 20% then that may make it more difficult for you to afford your mortgage payments.
The Representative Example is based on mortgages sold between 01/01/2018 – 31/12/2018 and if you were to take your mortgage product as at 01/11/2021.
All above information is for illustration purposes only and may vary depending on personal circumstances.

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2 Year Discount Rate Existing Members – 60% LTV

Interest rate

1.79%

Overall cost for comparison

4.60% APRC

Product fee

No Fee

Early Repayment Charges and other fees may apply. We will lend a minimum of £100,000 to borrowers purchasing a home outside our local operating postcodes which are: TS, DL, DH, SR, YO & HG.

Based on a mortgage of £126,900 payable over 25 years, initially on our 1.79% Dicounted rate for 2 years and 5 months, and then on our Standard Variable rate currently 5.30% for the remaining 22 years and 7 months. This would require 29 monthly payments of £524.99 and all remaining instalments of £741.05.
The total amount payable would be £216,139.26, made up of the loan amount plus interest of £89,148.32, a product fee of £0 and account fee of £0.
The overall cost for comparison is 4.60% APRC.
If all or part of your income is in a currency other than Pound Sterling (£), you should be aware about the risks of fluctuations in currency exchange rates. If the value of the relevant currency moves against you by at least 20% then that may make it more difficult for you to afford your mortgage payments.
The Representative Example is based on mortgages sold between 01/01/2018 – 31/12/2018 and if you were to take your mortgage product as at 01/11/2021.
All above information is for illustration purposes only and may vary depending on personal circumstances.

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2 Year Discount Rate Existing Members – 80% LTV

Interest rate

1.99%

Overall cost for comparison

4.70% APRC

Product fee

No Fee

Early Repayment Charges and other fees may apply. We will lend a minimum of £100,000 to borrowers purchasing a home outside our local operating postcodes which are: TS, DL, DH, SR, YO & HG.

Based on a mortgage of £126,900 payable over 25 years, initially on our 1.99% Dicounted rate for 2 years and 5 months, and then on our Standard Variable rate currently 5.30% for the remaining 22 years and 7 months. This would require 29 monthly payments of £537.25 and all remaining instalments of £742.57.
The total amount payable would be £216,906.72., made up of the loan amount plus interest of £89,961.81., a product fee of £0 and account fee of £0.
The overall cost for comparison is 4.70% APRC.
If all or part of your income is in a currency other than Pound Sterling (£), you should be aware about the risks of fluctuations in currency exchange rates. If the value of the relevant currency moves against you by at least 20% then that may make it more difficult for you to afford your mortgage payments.
The Representative Example is based on mortgages sold between 01/01/2018 – 31/12/2018 and if you were to take your mortgage product as at 01/11/2021.
All above information is for illustration purposes only and may vary depending on personal circumstances.

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5 Year Fixed Rate Existing Members – 80% LTV

Interest rate

2.49%

Overall cost for comparison

4.00% APRC

Product fee

No Fee

Early Repayment Charges and other fees may apply. We will lend a minimum of £100,000 to borrowers purchasing a home outside our local operating postcodes which are: TS, DL, DH, SR, YO & HG.

Based on a mortgage of £120,000 payable over 21 years, initially on our 2.49% fixed rate for 5 years and 6 months, and then on our Standard Variable rate currently 5.3% for the remaining  15 years and 6 months. This would require 66 monthly payments of £611.97 and all remaining instalments of £744.92.
The total amount payable would be £179,035.14, made up of the loan amount plus interest of £58,945.05 a product fee of £0 and account fee of £0.
The overall cost for comparison is 4.00% APRC.
If all or part of your income is in a currency other than Pound Sterling (£), you should be aware about the risks of fluctuations in currency exchange rates. If the value of the relevant currency moves against you by at least 20% then that may make it more difficult for you to afford your mortgage payments.
The Representative Example is based on mortgages sold between 01/01/2018 – 31/12/2018 and if you were to take your mortgage product as at 01/11/2021.
All above information is for illustration purposes only and may vary depending on personal circumstances.

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2 Year Fixed Rate Existing Members – 90% LTV

Interest rate

2.99%

Overall cost for comparison

4.80% APRC

Product fee

No Fee

Early Repayment Charges and other fees may apply. We will lend a minimum of £100,000 to borrowers purchasing a home outside our local operating postcodes which are: TS, DL, DH, SR, YO & HG.

Based on a mortgage of £120,000 payable over 21 years, initially on our 2.99% Fixed rate for 2 years and 5 months, and then on our Standard Variable rate currently 5.3% for the remaining 18 years and 7 months. This would require 29 monthly payments of £641.81 and all remaining instalments of £774.35.
The total amount payable would be £191,382.54, made up of the loan amount plus interest of £71,292.50, a product fee of £0 and account fee of £0.
The overall cost for comparison is 4.80% APRC.
If all or part of your income is in a currency other than Pound Sterling (£), you should be aware about the risks of fluctuations in currency exchange rates. If the value of the relevant currency moves against you by at least 20% then that may make it more difficult for you to afford your mortgage payments.
The Representative Example is based on mortgages sold between 01/01/2018 – 31/12/2018 and if you were to take your mortgage product as at 01/11/2021.
All above information is for illustration purposes only and may vary depending on personal circumstances.

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3 Year Discount Rate Existing Members – 90% LTV

Interest rate

2.99%

Overall cost for comparison

4.70% APRC

Product fee

No Fee

Early Repayment Charges and other fees may apply. We will lend a minimum of £100,000 to borrowers purchasing a home outside our local operating postcodes which are: TS, DL, DH, SR, YO & HG.

Based on a mortgage of £126,900 payable over 25 years, initially on our 2.99% Dicounted rate for 3 years and 5 months, and then on our Standard Variable rate currently 5.30% for the remaining 21 years and 7 months. This would require 41 monthly payments of £601.11 and all remaining instalments of £743.70.
The total amount payable would be £217,369.35, made up of the loan amount plus interest of £90,379.64, a product fee of £0 and account fee of £0.
The overall cost for comparison is 4.70% APRC.
If all or part of your income is in a currency other than Pound Sterling (£), you should be aware about the risks of fluctuations in currency exchange rates. If the value of the relevant currency moves against you by at least 20% then that may make it more difficult for you to afford your mortgage payments.
The Representative Example is based on mortgages sold between 01/01/2018 – 31/12/2018 and if you were to take your mortgage product as at 01/11/2021.
All above information is for illustration purposes only and may vary depending on personal circumstances.

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5 Year Fixed Rate Existing Members – 90% LTV

Interest rate

3.39%

Overall cost for comparison

4.40% APRC

Product fee

No Fee

Early Repayment Charges and other fees may apply. We will lend a minimum of £100,000 to borrowers purchasing a home outside our local operating postcodes which are: TS, DL, DH, SR, YO & HG.

Based on a mortgage of £120,000 payable over 21 years, initially on our 3.39% fixed rate for 5 years and 6 months, and then on our Standard Variable rate currently 5.3% for the remaining  15 years and 6 months. This would require 66 monthly payments of £666.28 and all remaining instalments of £760.21.
The total amount payable would be £185,463.54, made up of the loan amount plus interest of £65,373.78 a product fee of £0 and account fee of £0.
The overall cost for comparison is 4.40% APRC.
If all or part of your income is in a currency other than Pound Sterling (£), you should be aware about the risks of fluctuations in currency exchange rates. If the value of the relevant currency moves against you by at least 20% then that may make it more difficult for you to afford your mortgage payments.
The Representative Example is based on mortgages sold between 01/01/2018 – 31/12/2018 and if you were to take your mortgage product as at 01/11/2021.
All above information is for illustration purposes only and may vary depending on personal circumstances.

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3 Year Fixed Rate Existing Members – 95% LTV

Interest rate

3.59%

Overall cost for comparison

4.80% APRC

Product fee

No Fee

Early Repayment Charges and other fees may apply. We will lend a minimum of £100,000 to borrowers purchasing a home outside our local operating postcodes which are: TS, DL, DH, SR, YO & HG.

Based on a mortgage of £120,000 payable over 21 years, initially on our 3.59% Fixed rate for 3 years and 5 months, and then on our Standard Variable rate currently 5.3% for the remaining 17 years and 7 months. This would require 41 monthly payments of £678.71 and all remaining instalments of £773.88.
The total amount payable would be £191,205.79, made up of the loan amount plus interest of £71,116.32, a product fee of £0 and account fee of £0.
The overall cost for comparison is 4.80% APRC.
If all or part of your income is in a currency other than Pound Sterling (£), you should be aware about the risks of fluctuations in currency exchange rates. If the value of the relevant currency moves against you by at least 20% then that may make it more difficult for you to afford your mortgage payments.
The Representative Example is based on mortgages sold between 01/01/2018 – 31/12/2018 and if you were to take your mortgage product as at 01/11/2021.
All above information is for illustration purposes only and may vary depending on personal circumstances.

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Please note: This section of our website is for use by FCA authorised intermediaries only. If you are a customer please refer to our mortgage section.

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