Retention Procuration Fees

Don’t forget we are paying a retention procuration fee of 0.20% to intermediaries for recommending a product transfer for both residential and buy to let.

We’ve completed a successful pilot with London & Country to fine tune our process and here’s what they’ve had to say about it:

“We’ve been delighted to help Principality with its retention trial. Retention is a crucial area for lenders in offering a rounded service to their customers in partnership with mortgage intermediaries. Principality has clearly understood that customers want the reassurance of an adviser helping them to not only source the right deal for them, after taking account of the rest of the market, but to also be able to put that product switch into effect for them quickly and efficiently.”

Additional Information

You can find more detail on how the process will work by visiting our website or contacting us on 0330 333 5542