MSN increases procuration fees

The new procuration fees are 0.45% for Intelligent Finance, 0.30% for Bank of Scotland, 0.5% for Southern Pacific (prime) and 0.325% with Leeds & Holbeck. All procuration fees continue to be paid direct to the broker by BACS.

Managing Director Jason Graham comments,”Our aims have always been to offer the professional mortgage broker the widest choice of essential services, to assist them in earning more income per case and be instrumental, where possible, in helping them write more cases. These new procuration fees will certainly assist our members in earning more per case.”