The scheme, which will run between 1st December and 29th February, will result in typical fee payments rising by between 10 and 20 per cent, placing them amongst the most competitive fees available in the mortgage market. The fee increases will apply to the core product ranges of the following lenders:
Halifax 0.30%
Abbey National 0.275%
Northern Rock 0.275%
Northern Rock – Together products 0.475%
Northern Rock – Equity Release products 0.95%
Bank of Scotland 0.25%
Woolwich 0.30%
All applications received on qualifying mortgage products, between 1st December and 29th February, will receive the enhanced procuration fees, regardless of when the mortgages actually complete.
Mortgage Next Marketing Director, Justine Tomlinson, said: “The objective of this special promotion is to make as many mortgage brokers as possible aware that Mortgage Next’s marketing proposition - products, service and procuration fee payments - are the best in the market.
“These procuration fee enhancements are intended to put out a strong message to mortgage brokers that we mean business and I have no doubt that this news will be well received by mortgage brokers throughout the UK. We’re delighted to be able to reward supporting brokers in this way at the end of what has been a very successful year for Mortgage Next.”
Brokers requiring further information about Mortgage Next’s products and services can either visit the companies website at www.mortgagenext.co.uk or phone 01883 333100.
