03 February 2017
Great News from Barclays as they align their procuration fees for Buy to Let for applications submitted from 03 February.
Important Information to ensure you are paid the new Proc Fee Rate:
Advisors will see a new procuration fee scheme when submitting an application online prefixed ‘New’. This procuration fee scheme must be chosen to receive the increased procuration fee. The current Buy To Let procuration fee scheme will be amended and prefixed with 2016. This option needs to remain visible on the online submission system in order to pay through pipeline business but should not be selected from 3rd February. If the correct fee scheme is not selected then the new fee will not be applied.