Clydesdale increases proc fees

John Tooth, head of intermediary distribution at Clydesdale Bank, said the rise shows the bank’s continued commitment to the broker market.

He said: “We’ve shown a strong commitment to the intermediary market through the ongoing development of products and services specifically designed for them.

“In turn, they have provided us with a successful distribution channel that has helped us grow our mortgage lending. It is a valuable relationship, and their support is appreciated.

“To ensure we, in turn, support our broker partners appropriately, we regularly review our proposition.

“As a result, I am pleased to be able to announce increased fees for both Directly Authorised brokers and networks.”

The new fees come in from 2 February.