Increased procuration fees from Mortgage Promotions

Cheltenham & Gloucester has increased its flat fee to £180, or £505 if the advance is greater than £250,000. And, Leeds and Holbeck has changed its payable fees to 0.30 per cent of the loan for advances of between £25,000 and £125,000 and 0.32 per cent for those greater than £125,001.

Nick Baxter, director of Mortgage Promotions, said: "We are delighted with these increases that show the continuing value of the Mortgage Promotions membership to lenders. These fees are more than casual users would receive from each lender".