Natwest has increased the maximum proc fee it will pay to brokers on the completion of residential, buy-to-let and product transfers from £10,000 to £20,000.
It said this was following market feedback and the change comes in from today. It will be applied to new applications submitted from 19 January.
This comes after Natwest reduced and simplified its valuation fees to standardise how much borrowers paid for valuation depending on property value.
For mortgages with a valuation fee, £177 will be payable for a purchase price or property value up to and including £3m while purchase price or property values above £3m will be subject to a fee of £1,455.
Fees are available on request for properties or purchase prices above £10m.
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS
