Chetwood Bank is set to pay “full procuration fees” to brokers when it launches product transfers across its ModaMortgages and CHL Mortgages for Intermediaries brands.
Brokers will be paid fees by Chetwood that are the same as they would be for placing new business.
“We recognise the amount of effort that goes into completing a product transfer which is why we’re prepared to pay them a full procuration fee for the work they do, regardless of whether it’s a new case or repeat business,” said Darrell Walker, group sales director at Chetwood Bank.
“This is a really exciting move, and brokers should register with both lenders to ensure they stay up-to-date with the product transfer launch.”
