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