Procuration Fees
When producing a KFI, you are required to enter the total fee paid by the lender to BuildLoan and the figure paid to the network/mortgage club/or yourself if submitting business directly, as detailed in the following table. Â The figures should be entered as monetary values.
IS830 (low cost option)
IS836, IS833 & IS834 (normal range)
IS835 (£600K+ Loans)
Proc fee paid to BuildLoan by the lender
0.8%
0.8%
0.8%
0.8%
0.8%
1.0%
0.8%
0.8%
0.8%
0.8%
[product specific, see below]
0.7%
0.8%
1%
0.8%
0.8%
0.8%
Total proc fee paid on to networks / mortgage clubs
0.40%
0.40%
0.40%
0.40%
0.40%
0.50%
0.40%
0.40%
0.40%
0.40%
0.35%
0.40%
0.50%
0.40%
0.40%
0.40%
Total proc fee where submitting business direct to BuildLoan
0.35%
0.35%
0.35%
0.35%
0.35%
0.45%
0.35%
0.35%
0.35%
0.35%
0.30%
0.35%
0.45%
0.35%
0.35%
0.35%
Minimum proc fee paid on to all introducers
£500
Maximum proc fee paid to all introducers
£3,000
£2,000
