Intermediary News

Change to Procuration Fee invoice requirements

Good news! We are pleased to advise that for completions on or after the 6 January 2020 there will no longer be a requirement to submit an invoice to request payment of your Procuration Fee.

Procuration Fee payments will be made weekly, on a Tuesday, for all completions that took place during the previous week. The first payment date will therefore be Tuesday 14 January 2020.

As part of this revised process, we will contact you to confirm your bank account details and an appropriate email address, in order to provide you with a remittance statement prior to making the first payment.

This is a further step in our plans to improve the overall Broker journey during 2020.