Membersof the network will now receive 0.25 per cent of the advance.
Peter Todd, marketing manager at Lambeth, said, "We have been impressed with the growth of Mortgage Promotions and are happy to support the membership with a new improved fee. Mortgage Promotions has a strong national presence and we look forward to marketing our products outside are traditional home land"
Nick Baxter, director of Mortgage Promotions, said: "The fact that more than 650 member firms have joined Mortgage Promotions since half way through last year means that many firms are already benefiting from our schemes. Lambeth often have competitive products and I am pleased that our members now have access to an improved fee when they are arranging Lambeth products for their clients."
