You are here: Home - News -

Leeds Building Society rolls out whole-of-market broker product transfer fees

by:
  • 05/12/2017
  • 0
Leeds Building Society rolls out whole-of-market broker product transfer fees
The society will now pay retention procuration fees to the full broker market, following a successful phased rollout with Connells and LSL.

The fee is available for product transfers in all segments the society lends in – including buy-to-let, shared ownership, and interest only products – where no additional borrowing, or change to term or repayment method is requested.

The mutual will pay a 0.20% for retained business, and the society will continue to pay a full proc fee to brokers who help existing borrowers port their mortgages to a new property.

In addition, an online portal for retention has been developed in partnership with brokers, which incorporated feedback to streamline client detail a view of client details, option reviews and offer requests.

“We remain committed to supporting our intermediary partners in developing their businesses to help more people to have the home they want,” said Martese Carton, Leeds Building Society’s head of intermediary distribution.

“The vast majority of our mortgage business is done through our intermediary partners,” Carton continued, “and our close working relationship with brokers has been integral to our success in growing lending above our natural market share in recent years.”

There are 0 Comment(s)

Comments are closed.

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.

Profiles

Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.

Marketwatch

Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.

Poll

Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
  • RT @robjupp: Great day yesterday for donations to @MortSleepOut. With Gift Aid, we are now close to £17,000. It would be great to get to £2…

Read previous post:
hand and mobile phone keyboard
Fintech might cause ‘greater and faster disruptions’ to UK banks than expected – FPC

The proliferation of fintech could result in greater pressure on banks’ business models, resulting in loss of market share, increased...

Close