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.

5 Year Fixed Rate Existing Members – 60% LTV

Interest rate

2.69%

Overall cost for comparison

4.20% APRC

Product fee

No Fee

Early Repayment Charges and other fees may apply.

Based on a mortgage of £120,000 payable over 21 years, initially on our 2.69% fixed rate for 5 years and 2 months, and then on our Standard Variable rate currently 5.45% for the remaining  15 years and 10 months. This would require 62 monthly payments of £623.81 and all remaining instalments of £758.68.
The total amount payable would be £182,915.42, made up of the loan amount plus interest of £62,825.40 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 01/08/2022.
All above information is for illustration purposes only and may vary depending on personal circumstances.

View Deal

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

Interest rate

2.89%

Overall cost for comparison

5.00% APRC

Product fee

No Fee

Early Repayment Charges and other fees may apply.

Based on a mortgage of £126,900 payable over 25 years, initially on our 2.89% fixed rate for 2 years and 3 months, and then on our Standard Variable rate currently 5.45% for the remaining  22 years and 9 months. This would require 27 monthly payments of £594.54 and all remaining instalments of £760.50.
The total amount payable would be £223,759.08, made up of the loan amount plus interest of £96,768.91 a product fee of £0 and account fee of £0.
The overall cost for comparison is 5.00% 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 01/08/2022.
All above information is for illustration purposes only and may vary depending on personal circumstances.

View Deal

2 Year Fixed Rate Existing Members – 80% LTV

Interest rate

2.69%

Overall cost for comparison

4.90% APRC

Product fee

No Fee

Early Repayment Charges and other fees may apply.

Based on a mortgage of £120,000 payable over 21 years, initially on our 2.69% Fixed rate for 2 years and 2 months, and then on our Standard Variable rate currently 5.45% for the remaining 18 years and 10 months. This would require 26 monthly payments of £623.81 and all remaining instalments of £783.16.
The total amount payable would be £193,303.22, made up of the loan amount plus interest of £73,212.43 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 01/08/2022.
All above information is for illustration purposes only and may vary depending on personal circumstances.

View Deal

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

Interest rate

3.09%

Overall cost for comparison

4.40% APRC

Product fee

No Fee

Early Repayment Charges and other fees may apply.

Based on a mortgage of £120,000 payable over 21 years, initially on our 3.09% fixed rate for 5 years and 2 months, and then on our Standard Variable rate currently 5.45% for the remaining  15 years and 10 months. This would require 62 monthly payments of £647.88 and all remaining instalments of £765.16.
The total amount payable would be £185,638.96 made up of the loan amount plus interest of £65,548.06 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 01/08/2022.
All above information is for illustration purposes only and may vary depending on personal circumstances.

View Deal

2 Year Fixed Rate Specialist Existing Members – 80% LTV

Interest rate

2.99%

Overall cost for comparison

5.00% APRC

Product fee

No Fee

Early Repayment Charges and other fees may apply.

Based on a mortgage of £120,000 payable over 21 years, initially on our 2.99% Fixed rate for 2 years and 2 months, and then on our Standard Variable rate currently 5.45% for the remaining 18 years and 10 months. This would require 26 monthly payments of £641.81 and all remaining instalments of £785.23.
The total amount payable would be £194,239.04, made up of the loan amount plus interest of £74,148.02, a product fee of £0 and account fee of £0.
The overall cost for comparison is 5.00% 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 01/08/2022.
All above information is for illustration purposes only and may vary depending on personal circumstances.

View Deal

2 Year Discount Rate Existing Members – 80% LTV

Interest rate

2.14%

Overall cost for comparison

4.90% APRC

Product fee

No Fee

Early Repayment Charges and other fees may apply.

Based on a mortgage of £126,900 payable over 25 years, initially on our 2.14% Discounted rate for 2 years and 2 months, and then on our Standard Variable rate currently 5.45% for the remaining 22 years and 10 months. This would require 26 monthly payments of £546.56 and all remaining instalments of £756.13.
The total amount payable would be £221,480.18, made up of the loan amount plus interest of £94,489.36, 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 01/08/2022.
All above information is for illustration purposes only and may vary depending on personal circumstances.

View Deal

5 Year Fixed Rate Specialist Existing Members – 80% LTV

Interest rate

3.49%

Overall cost for comparison

4.60% APRC

Product fee

No Fee

Early Repayment Charges and other fees may apply.

Based on a mortgage of £120,000 payable over 21 years, initially on our 3.49% fixed rate for 5 years and 2 months, and then on our Standard Variable rate currently 5.45% for the remaining  15 years and 10 months. This would require 62 monthly payments of £672.48 and all remaining instalments of £771.50.
The total amount payable would be £188,368.76 made up of the loan amount plus interest of £68,278.17 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 01/08/2022.
All above information is for illustration purposes only and may vary depending on personal circumstances.

View Deal

5 Year Fixed Rate Existing Members – 80% LTV

Interest rate

2.89%

Overall cost for comparison

4.30% APRC

Product fee

No Fee

Early Repayment Charges and other fees may apply.

Based on a mortgage of £120,000 payable over 21 years, initially on our 2.89% fixed rate for 5 years and 2 months, and then on our Standard Variable rate currently 5.45% for the remaining  15 years and 10 months. This would require 62 monthly payments of £635.77 and all remaining instalments of £761.94.
The total amount payable would be £184,276.34, made up of the loan amount plus interest of £64,185.74 a product fee of £0 and account fee of £0.
The overall cost for comparison is 4.30% 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 01/08/2022.
All above information is for illustration purposes only and may vary depending on personal circumstances.

View Deal

2 Year Fixed Rate Existing Members – 90% LTV

Interest rate

2.99%

Overall cost for comparison

5.00% APRC

Product fee

No Fee

Early Repayment Charges and other fees may apply.

Based on a mortgage of £120,000 payable over 21 years, initially on our 2.99% Fixed rate for 2 years and 3 months, and then on our Standard Variable rate currently 5.45% for the remaining 18 years and 9 months. This would require 27 monthly payments of £641.81 and all remaining instalments of £784.63.
The total amount payable would be £193,960.62 made up of the loan amount plus interest of £73,870.76, a product fee of £0 and account fee of £0.
The overall cost for comparison is 5.00% 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 01/08/2022.
All above information is for illustration purposes only and may vary depending on personal circumstances.

View Deal

2 Year Discount Rate Specialist Existing Members – 80% LTV

Interest rate

2.59%

Overall cost for comparison

5.00% APRC

Product fee

No Fee

Early Repayment Charges and other fees may apply.

Based on a mortgage of £126,900 payable over 25 years, initially on our 2.59% Discounted rate for 2 years and 2 months, and then on our Standard Variable rate currently 5.45% for the remaining 22 years and 10 months. This would require 26 monthly payments of £575.06 and all remaining instalments of £759.13.
The total amount payable would be £223,043.18, made up of the loan amount plus interest of £96,052.18, a product fee of £0 and account fee of £0.
The overall cost for comparison is 5.00% 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 01/08/2022.
All above information is for illustration purposes only and may vary depending on personal circumstances.

View Deal

5 Year Fixed Rate Existing Members – 90% LTV

Interest rate

3.19%

Overall cost for comparison

4.50% APRC

Product fee

No Fee

Early Repayment Charges and other fees may apply.

Based on a mortgage of £120,000 payable over 21 years, initially on our 3.19% fixed rate for 5 years and 3 months, and then on our Standard Variable rate currently 5.45% for the remaining  15 years and 9 months. This would require 63 monthly payments of £653.98 and all remaining instalments of £766.20.
The total amount payable would be £186,102.54, made up of the loan amount plus interest of £66,011.57 a product fee of £0 and account fee of £0.
The overall cost for comparison is 4.50% 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 01/08/2022.
All above information is for illustration purposes only and may vary depending on personal circumstances.

View Deal

5 Year Fixed Rate Existing Members – 95% LTV

Interest rate

3.39%

Overall cost for comparison

4.60% APRC

Product fee

No Fee

Early Repayment Charges and other fees may apply.

Based on a mortgage of £120,000 payable over 21 years, initially on our 3.39% Fixed rate for 5 years and 2 months, and then on our Standard Variable rate currently 5.45% for the remaining 15 years and 10 months. This would require 62 monthly payments of £666.28 and all remaining instalments of £769.92.
The total amount payable would be £187,684.16, made up of the loan amount plus interest of £67,594.99, 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 01/08/2022.
All above information is for illustration purposes only and may vary depending on personal circumstances.

View Deal

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.

Press & Media