Hinckley & Rugby boost proc fees
The lender has also increased the maximum proc fee it will pay from £750 to £1,250. The minimum fee remains at £225.
Hinckley & Rugby chief executive Chris White said: “With cheaper funding available and the Bank of England’s Funding for Lending money about to come in we are able to increase the rewards for introducers.
“We value our relationships with the hundreds of introducers who bring new customers to us and we hope these increased rewards will be well received.”
In December Hinckley & Rugby formed a new team to develop its business with mortgage introducers, led by Carolyn Thornley-Yates.