Proc fees - when your proc fee will be paid

Lenders send payments by BACS which can take anything up to 5 working days to clear at PMS. PMS then make payment to brokers once the funds have cleared in our account.  

Overview

Features:

• No automated credit scoring
• Individual underwriting
• No call centres
• Dedicated intermediary sales support
• Referral process outside criteria cases
• Online applications with simple registration process
• Secure document upload facility

Products and criteria:

• Repayment period of up to 35 years subject to the loan being repaid before the oldest applicant reaches 70 years of age for residential mortgages
• Interest only mortgages available to 75% LTV, including part captial repayment and part interest only on selected mortgages. Acceptable repayment strategy required
• Residential mortgage products also available up to age 85 years, with repayment 30 years and maximum 60% LTV (conditions apply)
• Right to Buy up to 100% purchase price subject to maximum 75% LTV, excluding flats and maisonettes
• Help to Buy: Shared equity product
• Shared Ownership mortgages
• Guarantor facility and family gifted deposit accepted subject to terms and conditions