Landbay introduces 0.3% retention proc fee

Mortgage Introducer

May 12, 2017

Landbay will now offer 0.3% retention procuration fees for all renewals.

The lender’s products are available through distributors 3mc, Atom, Brightstar, Brilliant Solutions, Buy to Let Club, Complete FS, Connect Mortgages, Manor Mortgage Solutions, Mortgages for Business, TBMC and Vantage Finance.

Paul Brett, managing director of intermediaries at Landbay, said: “Our relationships with intermediaries are key to ensuring we continue to lend good quality loans to professional and reliable borrowers.

“Introducing retention fees is part of our ongoing commitment to the broker community, but will also come as good news for customers who now more than ever will be needing specialist advice at a time of regulatory and fiscal change.

“This is just one step towards creating a more equal and transparent playing field for advice.”

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