Proc fees - when your proc fee will be paid
| Product Type |
When does the lender pay PMS? |
Frequency |
| All |
Within 7 days. |
Weekly. |
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.
* Standard Residential Mortgages include fixed rate products, Help to Buy, Lifetime Tracker, Loyalty mortgage products (C prefix), Flexi, Long Term including K Prefix & Ported products and any other product we may introduce on occasion.