Aldermore to offer retention proc fees

Aldermore will offer 0.30% retention proc fees on 3 April 2017.

The proc fee will apply to loyalty mortgages for residential owner-occupied and standard buy-to-let customers.

Charles McDowell, commercial director at Aldermore, said: “Our proposition puts brokers at its heart. Brokers provide an indispensable service to their customers by giving them the right advice and ensuring the right customer outcome.

“I am delighted that we can give brokers the recognition they deserve by offering retention procuration fees.”

This month it was announced that Aldermore’s group managing director of mortgages Charles Haresnape is leaving the lender, while Ian Pickering, who was property development manager, has departed for Together.