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

Support and key lending criteria 

• Maximum residential loan size of £3 million (tiered LTV limits apply).
• No maximum age on standard repayment mortgages, including cases involving retirement income.
• Interest Only available up to 80% LTV, with no minimum income requirement and affordability assessed on an Interest Only basis.
• Maximum 40-year residential term.
• 10% annual overpayment allowance, plus monthly overpayments up to £499.99.
• Product transfers available ERC-free from 3 months before maturity.
• National BDM team with field and telephone support.

First-time buyers:

• First Step (up to 98% LTV) with a minimum £5k deposit (non-gifted), with 5-year fixed rates available.
• Shared Ownership up to 95% LTV, available for purchase and remortgage with terms up to 40 years.
• 95% LTV up to £500,000 for purchases and remortgages on houses and flats.
• New build up to 95% LTV on houses and 90% on flats (80% for 1-bed flats).
• Discounted family or tenant purchases up to 100% of the discounted price (maximum 95% LTV).

  Self-employed:

•  Dedicated products for clients with less than two years’ trading.
• Latest year’s salary and net dividends, or salary and share of net profit considered. 
• Flexible criteria, including consideration of one-year self-employed applicants without prior industry experience.

Large/complex lending:

• Enhanced+ proposition offering up to 6x income (5.5x for self-employed) up to 90% LTV for loans between £450k and £3.5m.
• Dedicated underwriter helpline available for complex case support.

All subject to criteria eligibility and product availability.

Geographical / Postcode restriction or other important note before advisers go through application process:

We support lending across England, Scotland, and Wales.