Millfield South East brokers still waiting for proc fees

Millfield South East (MSE), a mortgage broker based in Croydon, went into administration under the care of Herron Fisher at the end of April because of an alleged inability to meet its financial obligations or pay its bills. About three months ago, around the same time Millfield first announced it was in sales talks with an undisclosed third party, members were informed by the then chief executive, Paul Tebbutt, that proc fees would be frozen. Sources in contact with IFAonline say no reason was given for the freezing of the payments, and although they were contacted by the administrator...