Furness introduces 0.30% retention proc fee

Ryan Bembridge

July 17, 2019

Furness For Intermediaries will now pay a 0.30% procuration fee for product transfers for residential and buy-to-let business.

The lender’s online application capability includes document submission, SMS updates and a customer portal for payment of fees.

Alasdair McDonald, head of Furness for Intermediaries, said “We’re committed to providing both our customers and our broker partners with the best service we can offer.

“We will continue to contact our existing customers prior to the maturity of their current mortgage deal and will let them know we are happy for them to switch to a new deal through a mortgage broker.

“We’ve worked hard to get this project off the ground because we acknowledge the effort brokers put in to making sure their customers get the best deal.

“We’ve tried to make this as easy and seamless as possible, not only the product transfer process, but also with the range of fee free products available to our existing customers.”

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