Procuration fee increase from Capital Home Loans

Professional Adviser

Capital Home Loans is now paying intermediaries a 0.85% uncapped procuration fee on its self-certi...

Capital Home Loans is now paying intermediaries a 0.85% uncapped procuration fee on its self-certification homeloans, which it says is a record. A 1.25%-above Bank Base Self-Certification Tracker is now available with up to 90% loan-to-value (LTV). First-time buyers may borrow up to 85%LTV, with no requirement for a reference from an existing landlord. Applicants must be self-employed to qualify for self-certification homeloans. CHL's homeloan self-certification applications were up 20% prior to the increase in procuration fee. Trevor Child, Marketing Manager, Capital Ho...

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