On Monday 3 September our minimum new business procuration fee will reduce from £400 to £250.  Additionally, we’re removing the minimum £25,000 threshold that triggers the minimum procuration fee.

This means that decisions to lend (including reassessments as a result of a material change) from Monday 3 September, that then subsequently complete, will have a minimum procuration fee of £250.  Offer KFIs will reflect the new minimum procuration fee.

For more information visit our website.