The Melton starts paying 0.25% for product transfers

Ryan Bembridge

March 15, 2018

Melton Building Society has started paying brokers proc fees for product transfers.

Brokers transferring a mortgage to an existing customer will now earn 0.25% of the loan amount.

Nicola Alvarez, director of sales and marketing at the Melton, said: “The society’s new product transfer service is a clear reflection of our commitment to supporting our intermediary partners.

“Product transfers open up a new avenue for brokers and we will pay a procuration fee for helping us to look after our existing customers by transferring them on to our loyalty products.”

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