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3mc offers brokers 0.75pc proc fee

Sarah Davidson

May 6, 2014

Brokers have access to the fee for applications received between 1 May and 31 July.

The buy-to-let product includes houses in multiple occupation, multiple units on one title and applications from limited companies.

Doug Hall, director of 3mc, said: “We’re delighted to be offering brokers an enhanced procuration fee at a time when activity in the buy-to-let market is continuing to increase.

“Aldermore’s buy-to-let mortgages are not only competitively priced, but are also suitable for a wide-range of investment types including HMOs, multiple units and limited companies.”

The product comes with a maximum loan to value of 75%, while the rate stands at 4.8% above 3-month LIBOR, currently 0.55%.

Rob Lankey, managing director of Commercial Mortgages at Aldermore, added: “3mc prides itself on giving brokers access to some of the most competitive products in the market, which have now been further enhanced by this proc fee offer.

“Brokers can also be assured they will also receive a fast a reliable service from Aldermore.”


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