The Bank of Scotland (BoS) and Amber Home Loans, the lending arm of Skipton Building Society, have j...
The Bank of Scotland (BoS) and Amber Home Loans, the lending arm of Skipton Building Society, have joined forces with HomeLoan Partnership (HLP), the mortgage network.
Under the terms of the deal, members of HLP will be able to access the bank's range of mortgage products with immediate effect. A commission fee of 0.27% of the overall loan size, offering a minimum fee of £275, will be available to all accredited HLP introducers.
A procuration fee of 0.3%, minimum £225, is available to introducers in relation to Amber's buy-to-let and 100% mortgages. Meanwhile, a fee of 0.8% of the agreed loan, capped at a maximum £2,8000, is available on the lender's self-certification and adverse products.
So far, over 29 leading banks and building societies have teamed up with HLP and its expanding network of mortgage brokers and IFAs. Recently HLP announced that its members were on track to originate over £200 million of new mortgage business in its inaugural year.
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