LEGAL & GENERAL MORTGAGE CLUB DA LENDER … · legal & general mortgage club da lender panel gross...

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LEGAL & GENERAL MORTGAGE CLUB DA LENDER PANEL GROSS AND NET PROCURATION FEES W.E.F. 20/02/2018 LENDER PRODUCT GROSS FEE MIN MAX NET FEE MIN MAX Standard products Buy to Let L& G Exclusives Ported Products Residential Retention Buy to Let Retention 0.340% 0.500% 0.330% 0.340% 0.200% 0.200% £400 £400 £400 £400 0.320% 0.450% 0.310% 0.320% 0.180% 0.180% £375 £375 £375 £375 Note: * Standard Residential Mortgages include Help to Buy, Lifetime Tracker, Ported products and any other product we may introduce on occasion. Residential Offset Additional Loan (top up amount only) Buy to Let Product Transfers 0.450% 0.450% 0.300% 0.500% 0.300% £200 £200 £50 £200 0.425% 0.425% 0.275% 0.450% 0.275% £185 £185 £30 £180 High Net Worth Loans 0.550% 0.500% Residential Buy to Let Specialist Buy to Let Residential Retention Buy to Let Retention 0.450% 0.450% 0.750% 0.350% 0.350% 0.400% 0.400% 0.750% 0.300% 0.300% All Products 0.400% 0.380% Residential Buy to Let Residential Retention Buy to Let Retention First Start 0.400% 0.500% 0.250% 0.250% 0.500% 0.370% 0.465% 0.230% 0.230% 0.470%

Transcript of LEGAL & GENERAL MORTGAGE CLUB DA LENDER … · legal & general mortgage club da lender panel gross...

Page 1: LEGAL & GENERAL MORTGAGE CLUB DA LENDER … · legal & general mortgage club da lender panel gross and net procuration fees w.e.f. 20/02/2018 lender product gross fee min max net

LEGAL & GENERAL MORTGAGE CLUB

DA LENDER PANEL GROSS AND NET PROCURATION FEES

W.E.F. 20/02/2018

LENDER PRODUCT GROSS

FEE

MIN MAX NET

FEE

MIN MAX

Standard products Buy to Let L& G Exclusives Ported Products Residential Retention Buy to Let Retention

0.340% 0.500% 0.330% 0.340% 0.200% 0.200%

£400 £400 £400 £400

0.320% 0.450% 0.310% 0.320% 0.180% 0.180%

£375 £375 £375 £375

Note: * Standard Residential Mortgages include Help to Buy, Lifetime Tracker, Ported products and any other product we may introduce on occasion.

Residential Offset Additional Loan (top up amount only) Buy to Let Product Transfers

0.450% 0.450% 0.300% 0.500% 0.300%

£200 £200 £50 £200

0.425% 0.425% 0.275% 0.450% 0.275%

£185 £185 £30 £180

High Net Worth Loans

0.550%

0.500%

Residential Buy to Let Specialist Buy to Let Residential Retention Buy to Let Retention

0.450% 0.450% 0.750% 0.350% 0.350%

0.400% 0.400% 0.750% 0.300% 0.300%

All Products 0.400% 0.380%

Residential Buy to Let Residential Retention Buy to Let Retention First Start

0.400% 0.500% 0.250% 0.250% 0.500%

0.370% 0.465% 0.230% 0.230% 0.470%

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Standard products Offset Buy to Let Retention - Mainstream Retention - Buy to Let Further Advances

0.350% 0.350% 0.400% 0.200% 0.200% 0.300%

0.330% 0.330% 0.350% 0.175% 0.175% 0.280%

Standard Products Product Transfers Further Advances

0.440% 0.440% 0.440%

0.390% 0.390% 0.390%

Note: BM Solutions do not pay a proc fee on their SVR products.

BM Solutions will only pay procuration fees on Further Advances for loans over £15,000.

Residential Buy to Let

0.600% 0.600%

0.500% 0.500%

Note: Direct Access only available to select Partners, Please contact our Mortgage Support Services for further information 01226 230504.

Chorley BS, Dudley, Furness BS, Hanley, Holmesdale, Mansfield, Stafford Railway, Monmouthshire BS,Newcastle BS, Virgin,Tipton & Coseley

0.400% 0.350%

Penrith BS 0.500% 0.450%

Buckinghamshire BS 0.400% £3000 0.350% £3000

Note: No procuration fees are payable on Product transfers.

Residential and Retirement Buy to Let & Contractors Shared Ownership Exclusive

0.400% 0.420% 0.400%

£3000 £3000 £3000

0.380% 0.400% 0.380%

£3000 £3000 £3000

Residential Buy to Let Retention - Residential Retention – Buy to Let

0.400% 0.400% 0.200% 0.200%

£150 £150 £75 £75

£3000 £3000 £1750 £1750

0.370% 0.370% 0.190% 0.190%

£125 £125 £75 £75

£3000 £3000 £1750 £1750

Residential Buy to Let

0.400% 0.500%

0.380% 0.450%

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Standard Residential Buy to Let Product Transfers

0.400% 0.400% 0.200%

0.380% 0.380% 0.200%

Note: Direct Access only available to select Partners, Please contact our Mortgage Support Services for further information 01226 230504.

High Net Worth Loans

0.350%

0.330%

Standard Residential Offset First Time Buyer Buy to Let Buy to Let Product Transfer Residential Product Transfer

0.430% 0.430% 0.430% 0.430% 0.300% 0.300%

£15000 £15000 £15000 £15000

0.400% 0.400% 0.400% 0.400% 0.280% 0.280%

£14750 £14750 £14750 £14750

Residential Further Advances Existing Customer Product Change

0.400% 0.400% 0.400%

0.350% 0.350% 0.350%

Note: Direct Access only available to select Partners, Please contact our Mortgage Support Services for further information 01226 230504.

All Products 0.400% 0.350%

Note: Direct Access only available to select Partners, Please contact our Mortgage Support Services for further information 01226 230504.

All Products 0.400% 0.350%

All Products 0.500% 0.450%

Buy to Let Residential

0.500% 0.500%

0.400% 0.400%

Standard Products Product Transfers Further Advances

0.330% 0.330% 0.330%

0.315% 0.315% 0.315%

Standard Residential Buy to Let

0.350% 0.400%

0.300% 0.350%

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Lump Sum Lifetime Mortgage Retirement Mortgage Flexible Lifetime Mortgage Residential Over 55 Retention

2.250% 1.250% 2.250% 0.550% 0.250%

2.250% 1.250% 2.250% 0.500% 0.220%

All Products Product Transfers

0.370% 0.200%

£2500 £2500

0.350% 0.180%

£2500 £2500

Million Plus range

0.500%

0.450%

Residential Buy to let

0.400% 0.400%

£150 £150

0.360% 0.360%

£125 £125

Note: Direct Access only available to select Partners, Please contact our Mortgage Support Services for further information 01226 230504.

Prime Prime One Buy to Let

0.500% 0.500% 0.500%

0.400% 0.400% 0.400%

Residential Buy to Let Product Transfer

0.400% 0.500% 0.250%

0.350% 0.450% 0.220%

HOME FINANCE

All Products Premier Flexible Further Drawdown

2.300% 2.005% 1.000%

2.250% 2.000% 1.000%

Mainstream Shared Ownership Buy to Let Product Transfers

0.400% 0.400% 0.500% 0.200%

0.370% 0.370% 0.450% 0.180%

Residential Buy to Let

0.350% 0.350%

£150 £150

0.350% 0.350%

£150 £150

Flexible Lifetime Mortgage Lump Sum

1.500% + £75 1.750% + £75

1.500% 1.750%

Residential Buy to Let

0.370% 0.420%

0.350% 0.400%

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Second Charge Loans First Charge Loans

1.100% 0.550%

1.000% 0.500%

Residential Shared Ownership Buy to Let Near Prime/Credit Assist Credit Recovery Self Build (Fees will paid upon drawdown at each stage)

0.350% + £25 0.350% + £25 0.350% + £25 0.550% + £25 0.650% + £25 0.350% + £25

£150 £150 £150 £150 £150 £150

£1000 £1000 £1000 £1000 £1000 £1000

0.350% 0.350% 0.350% 0.550% 0.650% 0.350%

£150 £150 £150 £150 £150 £150

£1000 £1000 £1000 £1000 £1000 £1000

Residential Buy to Let Rate Switch - Residential Rate Switch - Buy to Let

0.400% 0.430% 0.200% 0.200%

£20,000 £20,000

0.380% 0.410% 0.190% 0.190%

£20,000 £20,000

Tailored Choice Interest Choice

2.250% 2.250%

2.250% 2.250%

All Products

0.550%

£300

0.500%

£250

All products Rate Switch/Retention

0.350% 0.200%

0.330% 0.190%

Mainstream Buy to Let Mainstream Retention Buy to Let Retention

0.350% 0.450% 0.200% 0.200%

£250 £250 £250 £250

£6000 £6000 £6000 £6000

0.320% 0.400% 0.180% 0.180%

£225 £225 £225 £225

£5485 £5335 £5485 £5485

Note: Procuration fee only paid on loans above £25k, or £10k for residential re-mortgages.

Residential Buy to Let

0.400% 0.500%

0.370% 0.450%

Buy to Let 0.500% 0.450%

Residential Buy to Let

0.400% 0.400%

£200 £200

£2000 £2000

0.380% 0.380%

£175 £175

£1850 £1850

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All Products 2.500% 2.300%

All products 2

nd Charge Loans

Buy to Let Product Switch

0.550% 1.250% 0.250%

£300

0.500% 1.000% 0.230%

£250

Residential Buy to Let

0.500% 0.500%

0.400% 0.400%

Mainstream Buy to Let Mainstream Retention Buy to Let Retention Premier Buy to Let/Let to buy Retention

0.400% 0.480% 0.300% 0.300% 0.300%

£2000 £1680 £2000

0.370% 0.430% 0.280% 0.280% 0.280%

£2000 £1680 £2000

Residential Buy to Let Residential Retention Buy to Let Retention First Start

0.400% 0.500% 0.250% 0.250% 0.500%

0.370% 0.465% 0.230% 0.230% 0.470%

Note *Only available to a selected distribution, please check with lender.

Homeowner/Residential Buy to Let Bridging Bridging loans – 0% facility fee 2

nd Charge Loans

Retention Products

0.600% 0.600% 1.750% 1.000% 1.500% 0.250%

0.500% 0.500% 1.300% 0.900% 1.250% 0.220%

2nd

Charge Prime 2

nd Charge Near Prime PF3 and PF4

2nd

Charge Near Prime PF5 2

nd Charge Near Prime PF6

2nd

Charge Large Loans 2

nd Charge BTL

1.100% 1.100% 1.350% 1.600% 1.100% 1.100%

1.000% 1.000% 1.250% 1.500% 1.000% 1.000%

Mainstream Buy to Let Retention

0.400% 0.400% 0.200%

£2,500 £2,500

0.400% 0.400% 0.200%

£2,500 £2,500

Renegotiation products All products

0.200% 0.380%

£200 £175

£2,000

0.190% 0.360%

£200 £175

£2,000

All Products Cash Release Product

2.300% +£50 1.150%

2.300% 1.150%

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RBS

Mainstream Buy to Let

0.350% 0.450%

£250 £250

£6,000 £6,000

0.320% 0.400%

£225 £225

£5,485 £5,335

UK Buy to Live UK Buy to Let

0.225% 0.300%

0.200% 0.275%

Owner Occupier / Next Step / FTB Professional and Contractor Mortgages Buy to Let BTL – Light Refurbishment & Ex Pat Self Employed Self Build and Credit Repair

0.400% 0.500% 0.400% 0.500% 0.500% 1.000%

0.350% 0.400% 0.350% 0.400% 0.400% 0.900%

Further Advance Mortgage Acquisition Product Transfer

0.000% 0.370% +£50 0.370% +£50

£120

0.000% 0.370% 0.370%

£110

All Products 0.500% 0.400%

Second Charge Loans Later Life Lending Star Product

1.250% 1.250% 1.250%

1.000% 1.000% 1.000%

Mainstream Buy to Let Product Transfers - BTL Product Transfers - Resi

0.400% 0.500% 0.350% 0.300%

0.370% 0.450% 0.330% 0.280%

All Products 0.400% £1000 0.370% £900

Mainstream Buy to Let Shared Ownership

0.350% 0.350% 0.350%

£2000 £2000 £2000

0.320% 0.320% 0.320%

£1800 £1800 £1800

All Products Buy to Let/Residential Investment Ported Products (existing customer) Family Mortgage Offset Product Switches Further Advances

0.370% 0.520% 0.150% 0.570% 0.520% 0.220% 0.270%

£150 £100

0.350% 0.500% 0.100% 0.550% 0.500% 0.200% 0.250%

£125 £75

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Buy to Let Product Switcher Advance

0.440% 0.200%

0.390% 0.190%

Residential Buy to Let

0.420% 0.450%

£225 £225

£2100 £1575

0.400% 0.400%

£200 £220

£2000 £1475

Residential 0.600% 0.55%

Residential Buy to Let

0.350% 0.440%

0.330% 0.390%

Note *Only available to a selected distribution, please check with lender.

All products

0.350%

0.300%

2nd

Charge Loans Bridging Finance

1.250% 1.250%

1.000% 1.000%

Standard products Buy to Let Ported products Product Transfers Shared Ownership

0.500% 0.500% 0.000% 0.380% 0.500%

£250

0.450% 0.450% 0.000% 0.350% 0.450%

£250

Note: These proc fee rates only apply to cases submitted via Virgin Money.

Residential Buy to Let

0.450% 0.500%

0.400% 0.450%

Please make sure you use the Gross Fee when disclosing procuration fees on KFIs for all lenders. Please Note: For any cases claimed where the procuration fee due is potentially greater than £5000, we will need to verify the case with the lender before making payment. Please accept our apologies for the delay in payment. For any question please Contact our Commissions Team on 0370 900 5010. Whilst we make every effort to ensure this data is correct, the procuration fees listed are for reference only and are subject to change at short notice. Prior to submission of any mortgage application, members should confirm what will be paid by contacting the lender directly. Legal & General Mortgage Club will not reimburse members for any differences between figures listed and the final amount paid to our members.

Page 9: LEGAL & GENERAL MORTGAGE CLUB DA LENDER … · legal & general mortgage club da lender panel gross and net procuration fees w.e.f. 20/02/2018 lender product gross fee min max net