Procuration fees for all new purchase and remortgage applications are paid by the 15th of the following month after completion. So, if your client completes any time between 1-31 August, the procuration fee will be paid by 15 September.
If you submitted your application via the following submission routes, we’ll pay your fee directly into the bank account you told us about when you registered with us.
- SimplyBiz Mortgages
- Personal Touch Direct
- Mortgage Promotions Ltd
- MCI Club Ltd
If the channel you submit business through isn’t listed above, we’ll pay your fee to the channel you selected in the application, and then they’ll forward the payment to you.
Switcher procuration fees
We don’t currently pay procuration fees on switcher applications. Later this summer, we intend to pay a procuration fee of 0.20% for new switcher applications. Click here for more details.
Contacting us about a procuration fee
If you're sending an email to us, don’t forget to include the 11 digit mortgage account number so your query can be dealt with efficiently. You’ll receive a response within 48 hours.