Family Building Society starts paying retention proc fees

Ryan Bembridge

March 27, 2017

Family Building Society has started paying retention proc fees for borrowers under its Family Building Society and old National Counties brand.

The lender is paying 0.20% for product switches and 0.25% for further advances.

Cammy Amaira, head of intermediary sales at Family Building Society, said: “We are delighted to announce this move, which we heralded last month.

“We continue to build strong relationships with our introducing brokers and panels, who play a pivotal role in advising many of our clients, typically the non-standard borrowers who are poorly served by the high street lenders.

“We reviewed matters to determine the appropriate and competitive level of retention fees and have implemented the required system changes.

“We promised full details by the end of March and this is a commitment we have kept.”

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