Network Data increases proc fees

Network Data now pay 0.40% on all prime Southern Pacific Mortgages Limited, and 0.35% on all Principality mortgage applications that subsequently complete.

They will also now pay 0.20% for all paper and 0.30% for all online applications placed with Alliance & Leicester that subsequently complete.

Commenting on these increases, Terry Young, Head of Operations at Network Data said:

“This positive news also comes on the back of the publication of our competitive charging structure for AR’s and is further demonstration of our commitment to providing real value for money”