The Mortgage Lender introduces £250 proc fee incentive

Mortgage Introducer

May 31, 2017

The Mortgage Lender will pay an additional £250 in proc fees on completed cases in the summer months.

From 1 June to 31 August TML will pay the extra £250 on applications received in the product tiers 1-6 with the exception of the fees-assisted remortgage range.

Pete Thomson (pictured), sales and marketing director at TML, said: “In July it will be a year since we launched as an intermediary-only lender, which is a proud moment for everyone involved with TML.

Proc fee levels need to reflect the work involved

“In recognition of this milestone we will be paying an additional £250 procuration fee on selected products over the summer months as a thank you to those who have supported us over the last year.

“Over recent months we’ve been asking brokers and distribution partners to #ChallengeTML to offer their clients a better deal or to do things differently.

“We’ve had a great response to our challenge and we have seen applications increase. We have also made a number of enhancements to our administration processes as a result of the feedback we’ve received.”

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