Procuration fees

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Lender Gross Net Min/max Paid direct or Timescales

via SBM
Standard/Offset - 0.37% Standard/Offset - 0.345% Min £200 SBM Procuration fees paid weekly to SimplyBiz, usually around 10-
14 days after completion.
Buy to let - 0.50% Buy to let - 0.45% Min £190

Ported Cases - 0.30% of top Ported Cases - 0.30% of top

up amount only up amount only

Additional Loan - 0.30% Additional Loan - 0.30% Min £50

(payable on
loans over
£5,000 only)

All residential & standard All residential & standard BTL DIRECT Procuration fees are paid weekly, generally in the week
BTL products - 0.45% products - 0.40% following completion.

Specialist BTL & Commercial Specialist BTL & Commercial

– 0.75% – 0.75%

Standard - 0.35% Standard - 0.33% DIRECT Paid weekly, usually around 2 weeks after completion.

Offset - 0.35% Offset - 0.33%

Buy to Let - 0.35% Buy to Let - 0.33%

Retention - 0.20% Retention - 0.20%

Residential products – Residential products – 0.45% No Min/No DIRECT Fees paid 14 days after month end.
0.50% Max

BTL products – 0.60% BTL products – 0.55%

Buy to Let (including further Buy to Let (including further No Min/No SBM Procuration fees will reach SimplyBiz within 7 days of the
advances and product advances and product Max mortgage completing or in the case of Product Transfers, the
transfers) - 0.44% transfers) - 0.39% account being transferred.

Mainstream – 0.37% Mainstream – 0.35% DIRECT Usually paid within a week of completion.

BTL – 0.50% BTL – 0.48%

Standard – 0.43% Standard – 0.40% No min DIRECT Procuration fees are paid on the second Monday after
BTL – 0.43% BTL – 0.40% max £4,000 completion.
(all)

National Counties National Counties Min - £234 SBM Fees will be paid weekly to SimplyBiz.
Building Society Building Society
Standard mainstream Standard mainstream
products – 0.37% products - 0.35%

BTL products – 0.52% BTL products – 0.50%

Family Building Society Family Building Society No min or

Low start mortgage – gross Low start mortgage –0.45% max
0.47%
Offset mortgage –0.52% Offset mortgage – 0.50%
Family mortgage – 0.57% Family mortgage – 0.55%
All products – 0.50% All products – 0.45% No min / max SBM Paid weekly on a Thursday. Depending on when completion
takes place the time elapsed can be up to max of two weeks.

All products – 0.40% All products – 0.38% SBM Furness procuration fees are paid within 15 days of completion.

Standard Products Standard Products (including No Min/No SBM Procuration fees are paid weekly with the exception of Product
(including further advances further advances and product Max Transfers which are paid monthly (around the 10th).
and product transfers) - transfers) - 0.32%
0.33%

All products - Fee by All products - Fee by DIRECT Fees are paid in the week following completion.
arrangement, please refer arrangement, please refer to
to

All products - 0.40% & £20 All products - 0.40% min £225/no DIRECT Usually procuration fee cheques are issued within 2 weeks of
max completion.

Million Plus Range – 0.50% Million Plus Range – 0.47% Max £15,000 DIRECT Procuration fees are usually paid within 7 days of proc fee
invoice.
Professional Residential Professional Residential
Range – £750 Range – £700

Professional BTL Range - Professional BTL Rate - £900

£1,000

Residential & BTL products - Residential & BTL products - min £150 DIRECT Procuration fees are usually paid within 2 weeks of completion.
0.40% 0.37% no max

Further advances - £150 Further advances - £150

All products - 0.50% All products - 0.40% DIRECT Paid weekly. Kensington will pay procuration fees out for a
case in the third week following Completion as long as the
member has provided bank details.
Residential – 0.40%
Retention – 0.25%
Buy-to-Let – 0.50%
Residential - 0.40%
Buy to Let & Holiday lets –
0.50%
Residential - 0.35%
Buy to Let - 0.40%
Residential – 0.40% & £25
Buy-to-Let – 0.50% & £25
Older borrowers/Retired
range – 0.60% & £25
Lending to professionals –
0.40% & £25
Expat (residential) – 0.40%
& £25
Expat (BTL) – 0.50% & £25
Residential – 0.40%
Buy-to-Let – 0.43%
Rate switch (residential and
BTL applications) – 0.20%
All products - 0.33% + £25
Residential – 0.35% No min / max SBM Completions between 1st & 15th will be paid on or around the
24th.
Retention – 0.23%
Completions between 16th & end of month will be paid on or
Buy-to-Let – 0.45% around the 14th of following month.
Residential - 0.37% DIRECT Aim to pay the procuration fee no later than the 15th of the
Buy to Let & Holiday lets – following month from completion.
0.45%
Residential - 0.35% DIRECT Usually paid on the Friday after completion.
Buy to Let - 0.40%
Residential – 0.40% DIRECT Marsden pay procuration fees weekly and aim to pay the fee
10 working days after completion.
Buy-to-Let – 0.50%
Older borrowers/Retired
range – 0.60%
Lending to professionals –
0.40%
Expat (residential) – 0.40%
Expat (BTL) – 0.50%
Residential – 0.38% SBM Procuration fees paid weekly, usually around 7 days after
completion.
Buy-to-Let – 0.41%
Rate switch (residential and
BTL applications) – 0.19%
All products - 0.33% No min or DIRECT Both TMW and Nationwide procuration fees are paid monthly,
max on or before the 15th of the month following the calendar
month of completion.
Residential - 0.35% Residential - 0.32% Min £250 SBM Pay SimplyBiz weekly with fees being sent 7-14 days following
Max £6000 completion.
Buy to Let - 0.45% Buy to Let - 0.40% (all)

Residential - 0.40% Residential - 0.35% No min or SBM Pay SimplyBiz weekly with fees being sent 7-14 days following
max completion.
Buy to Let - 0.50% Buy to Let - 0.45%

All products – 0.37% All products – 0.35% Min £125 DIRECT Paid by cheque 24 hours after completion.
Max £3,500

Procuration fees are paid by BACS weekly on a Wednesday

Residential– 0.40% Residential – 0.39% No min or DIRECT except for the first working week of each month as no BACS
max run is done then.
Buy to Let - 0.50% Buy to Let -0.47%
Fees are paid 4 weeks after completion.

All products – 0.40% All products – 0.38% Min £200 SBM Paid soon after completion, usually the week after.
Max £2,000
All products – 0.50%
Mainstream 0.40%
BTL – 0.48%
Residential Mortgages -
0.60%
Buy to Let - 0.60%
Bridging - 1.75%
Bridging (0% facility fee
product) – 1%
Second charges – 1.50%
Residential - 0.35%
Buy to Let - 0.40%
Standard Mortgage with
initial product term of less
than 5 years - 0.33%
Standard Mortgage with
initial product term of 5
years or more (with ‘K’
product code prefix only) -
0.40%
Buy to Let- 0.50%
Flexible Plus - 0.33%
All products – 0.40% DIRECT
Mainstream – 0.37% SBM Payments are made once a week and usually within 10 days of
BTL – 0.43% completion.
Residential Mortgages - DIRECT Precise process two payment runs a week. Fees usually paid
0.50% within five working days of completion.
Buy to Let - 0.50%
Bridging - 1.30%
Bridging (0% facility fee
product) – 0.75%
Second charges – 1.35%
Residential - 0.35% Max £2500 DIRECT Procuration fees are paid within the first 10 days of the month
following completion.
Buy to Let - 0.40% Max £2000
Standard Mortgage with SBM Paid weekly to SimplyBiz.
initial product term of less
than 5 years - 0.32%
Standard Mortgage with
initial product term of 5 years
or more (with ‘K’ product
code prefix only) - 0.39%
Buy to Let- 0.47%
Flexible Plus - 0.32%
Standard (including product Standard (including product No Min/Max DIRECT Procuration fees are paid monthly on the 2nd of the month
transfers) - 0.37% + £50 transfers) - 0.37% £5000 following completion (or next working day if the 2nd falls on a
weekend).
Further Advance - £100 Further Advance - £100

Standard - 0.40% Standard - 0.37% Min £87.50 / DIRECT Procuration fees are paid either weekly or monthly (depending
Max £4,000 on what the adviser chose when registering).

Buy to let – 0.50% Buy to let – 0.45% Min £125 / Weekly fees are paid within 10 days of completion and monthly
max £3,750) fees are paid on the first working day of the month (unless
completion was within last 5 days of a month).
Loans must be a minimum
of £25,000 to receive a
procuration fee. Where a
product is ported Skipton
Intermediaries do not pay a
procuration fee on the
ported amount

All products – 0.58% + All products – 0.50% + No Min/No SBM Procuration fees will be paid to SimplyBiz on a weekly basis.
£300* £300* Max

*(TML) will be paying an *As per the note on the left,

additional £300 procuration the whole £300 bonus fee
fee for all applications will be passed to advisers.
received via SimplyBiz
Mortgages between 3rd
October and 31st December
2016 that subsequently
complete.

Buy to Let - 0.44% Buy to Let - 0.39% DIRECT Both TMW and Nationwide procuration fees are paid monthly,
on or before the 15th of the month following the calendar
month of completion.
 Residential products – Residential products – 0.40% Min £225 SBM Procuration fees are paid monthly, payment is issued within
0.42% Max £2,100 the first 10 days of the month following completion.

BTL products – 0.45% BTL products – 0.43%

Min £225
Max £2,250

Mainstream – 0.45% Mainstream – 0.40% No min / max SBM

Buy-to-Let – 0.50% Buy-to-Let – 0.45%

All products - 0.50% All products - 0.45% No Min/No DIRECT Procuration fees are paid monthly - usually around the middle
Max of the month following completion.
Product transfers – 0.38% Product transfers – 0.35%

Ported Cases - £250 Flat Ported Cases - £250 Flat Fee

Fee

The following lenders have geographical restrictions on their lending

Lender Gross Net Min/max Paid direct or Timescales

via SBM
All products - 0.40% All products - 0.38% max £2,000 DIRECT Payments are made on the 7th of the month following
completion
All products – 0.40% All products – 0.40% max £1,500 DIRECT Procuration fees are paid within 2 weeks of completion.

All products – 0.40% All products – 0.35% DIRECT Procuration fees are paid once Swansea have received the
completion notification from the acting Solicitors. This can vary
on a case by case basis but on average is usually 7 days after
completion.

All products – 0.35% All products – 0.34% SBM Procuration fees are normally paid in/around the first week of
the month following completion.

Last updated – 23 November 2016