Accord announces proc fees for retained existing borrowers

Linda Will, Accord's Managing Director said: "Our aim is to make it as easy as possible for intermediaries to recommend another Accord product to their client. Firstly, we anticipate many of our new business products being available for existing borrower transfers, meaning we'll be offering competitive options. Secondly, brokers will be able to request the transfer online, with only a simple e-form to complete. And lastly, we'll recognise the work they put in by paying a flat rate procuration fee of 0.20%.

She continued, "Accord has always believed in rewarding brokers for their continued relationship and was one of very few lenders to pay brokers for advising their clients to take further advances. This is just the logical next step".