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

2.29%

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 25 years, initially on our 2.79% fixed rate for 2 years and 4 months, and then on our Standard Variable rate currently 5.3% for the remaining  22 years and 8 months. This would require 28 monthly payments of £588.01 and all remaining instalments of £748.96.
The total amount payable would be £220,271.40, made up of the loan amount plus interest of £93,282.59 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 01/08/2021.
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

4.30% 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 4 months, and then on our Standard Variable rate currently 5.3% for the remaining  15 years and 8 months. This would require 64 monthly payments of £641.81 and all remaining instalments of £754.64.
The total amount payable would be £183,038.16 made up of the loan amount plus interest of £62,947.94 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 01/08/2021.
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

2.29%

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 £120,000 payable over 21 years, initially on our 2.29% Fixed rate for 2 years and 4 months, and then on our Standard Variable rate currently 5.3% for the remaining 18 years and 8 months. This would require 28 monthly payments of £600.28 and all remaining instalments of £769.70.
The total amount payable would be £189,310.64, made up of the loan amount plus interest of £69,220.60, 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 01/08/2021.
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 4 months, and then on our Standard Variable rate currently 5.30% for the remaining 22 years and 8 months. This would require 28 monthly payments of £537.25 and all remaining instalments of £743.32.
The total amount payable would be £217,316.04, made up of the loan amount plus interest of £90,325.75, 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 01/08/2021.
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 4 months, and then on our Standard Variable rate currently 5.3% for the remaining  15 years and 8 months. This would require 64 monthly payments of £611.97 and all remaining instalments of £746.31.
The total amount payable would be £179,562.36, made up of the loan amount plus interest of £59,472.94 a product fee of £0 and account fee of £0.
The overall cost for comparison is 4.0% 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 Fixed Rate Existing Members – 90% LTV

Interest rate

3.29%

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 £120,000 payable over 21 years, initially on our 3.29% Fixed rate for 2 years and 4 months, and then on our Standard Variable rate currently 5.3% for the remaining 18 years and 8 months. This would require 28 monthly payments of £660.11 and all remaining instalments of £777.06.
The total amount payable would be £192,634.52, made up of the loan amount plus interest of £72,544.70, 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 01/08/2021.
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 4 months, and then on our Standard Variable rate currently 5.30% for the remaining 21 years and 8 months. This would require 40 monthly payments of £601.11 and all remaining instalments of £744.27.
The total amount payable would be £217,644.60, made up of the loan amount plus interest of £90,654.03, 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 01/08/2021.
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

3.49%

Overall cost for comparison

4.50% 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 3.49% fixed rate for 5 years and 4 months, and then on our Standard Variable rate currently 5.3% for the remaining  15 years and 8 months. This would require 64 monthly payments of £672.48 and all remaining instalments of £762.76.
The total amount payable would be £186,527.60, made up of the loan amount plus interest of £66,437.01 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 01/08/2021.
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

3.79%

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 £120,000 payable over 21 years, initially on our 3.79% Fixed rate for 3 years and 4 months, and then on our Standard Variable rate currently 5.3% for the remaining 17 years and 8 months. This would require 40 monthly payments of £691.28 and all remaining instalments of £776.27.
The total amount payable would be £192,310.44, made up of the loan amount plus interest of £72,219.57, 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 01/08/2021.
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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