Mortgages

Leeds launches retention proc fees to full broker market

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5th December 2017
"We remain committed to supporting our intermediary partners, in developing their businesses to help more people to have the home they want."

Leeds Building Society will now pay retention procuration fees to the full intermediary market, following a phased rollout with Connells and LSL.

This fee is available for all like-for-like product transfers in all segments the Society lends in, including buy-to-let, shared ownership, and interest only.

The Society has also redeveloped its online portal for retention in partnership with brokers.

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

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

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