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 L& G Exclusives Ported Products Retention Retention 0.340% 0.340% 400 400 400 400 0.310% 375 375 375 375 Note: * Standard Mortgages include Help to Buy, Lifetime Tracker, Ported products and any other product we may introduce on occasion. Offset Additional Loan (top up amount only) 50 0.425% 0.425% 0.275% 0.275% 185 185 30 180 High Net Worth Loans Specialist Retention Retention 0.750% 0.750% All Products Retention Retention First Start 0.465% 0.470%
Standard products Offset Retention - Retention - Standard Products 0.175% 0.175% Note: BM Solutions do not pay a proc fee on their SVR products. BM Solutions will only pay procuration fees on for loans over 15,000. 0.600% 0.600% Chorley BS, Dudley, Furness BS, Hanley, Holmesdale, Mansfield, Stafford Railway, Monmouthshire BS,Newcastle BS, Virgin,Tipton & Coseley Penrith BS Buckinghamshire BS Note: No procuration fees are payable on Product transfers. and Retirement & Contractors Shared Ownership Exclusive 0.420% Retention - Retention 1750 1750 1750 1750
Standard High Net Worth Loans Standard Offset First Time Buyer Product Transfer Product Transfer 00 00 00 00 14750 14750 14750 14750 Existing Customer Product Change All Products All Products All Products Standard Products 0.315% 0.315% 0.315% Standard
Lump Sum Lifetime Mortgage Retirement Mortgage Flexible Lifetime Mortgage Over 55 Retention 0.220% All Products 0 0 0 0 Million Plus range Buy to let 0.360% 0.360% Prime Prime One Product Transfer 0.220% HOME FINANCE All Products Premier Flexible Further Drawdown 2.300% 2.005% 2.000% Shared Ownership Flexible Lifetime Mortgage Lump Sum 1.500% + 1.750% + 1.500% 1.750% 0.420%
Second Charge Loans First Charge Loans Shared Ownership Near Prime/Credit Assist Credit Recovery Self Build (Fees will paid upon drawdown at each stage) + 25 + 25 + 25 + 25 0.650% + 25 + 25 0.650% Rate Switch - Rate Switch - 20,000 20,000 0.410% 20,000 20,000 Tailored Choice Interest Choice All Products 300 All products Rate Switch/Retention Retention Retention 6000 6000 6000 6000 5485 5335 5485 5485 Note: Procuration fee only paid on loans above 25k, or 10k for residential re-mortgages. 175 175 1850 1850
All Products 2.500% 2.300% All products 2 nd Charge Loans Product Switch 300 Retention Retention Premier /Let to buy Retention 0.480% 1680 1680 Retention Retention First Start 0.465% 0.470% Note *Only available to a selected distribution, please check with lender. Homeowner/ Bridging Bridging loans 0% facility fee 2 nd Charge Loans Retention Products 0.600% 0.600% 1.750% 1.500% 1.300% 0.900% 0.220% 2 nd Charge Prime 2 nd Charge Near Prime PF3 and PF4 2 nd Charge Near Prime PF5 2 nd Charge Near Prime PF6 2 nd Charge Large Loans 2 nd Charge BTL 1.350% 1.600% 1.500% Retention 2,500 2,500 2,500 2,500 Renegotiation products All products 175 2,000 0.360% 175 2,000 All Products Cash Release Product 2.300% + 50 1.150% 2.300% 1.150%
RBS 6,000 6,000 5,485 5,335 UK Buy to Live UK 0.225% 0.275% Owner Occupier / Next Step / FTB Professional and Contractor Mortgages BTL Light Refurbishment & Ex Pat Self Employed Self Build and Credit Repair 0.900% Further Advance Mortgage Acquisition Product Transfer 0.000% + 50 + 50 120 0.000% 110 All Products Second Charge Loans Later Life Lending Star Product - BTL - Resi All Products 900 Shared Ownership 1800 1800 1800 All Products / Investment Ported Products (existing customer) Family Mortgage Offset Product Switches 0.520% 0.150% 0.570% 0.520% 0.220% 0.270% 100 0.100%
Product Switcher Advance 0.420% 2100 1575 220 1475 0.600% 0.55% Note *Only available to a selected distribution, please check with lender. All products 2 nd Charge Loans Bridging Finance Standard products Ported products Shared Ownership 0.000% 0.000% Note: These proc fee rates only apply to cases submitted via Virgin Money. 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.