Fee boost from Mortgage Promotions

Mortgage Promotions now pays its members a procuration fee of 0.5 per cent of the advance, up to a maximum of £2,500.

Philip Green, national accounts manager at TMB, said: "We have been impressed with the growth of Mortgage Promotions and are happy to support the membership with a new improved fee."

Nick Baxter, director of Mortgage Promotions,said: "The fact that more than 640 member firms have joined Mortgage Promotions since half way through last year means that many firms are already benefiting from our schemes. TMB have always had a strong product presence in the marketplace and we are pleased to be offering our members an enhanced fee."