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Woolwich and Nationwide increase proc fees through Mortgage 2000

Mortgage 2000 mortgage club is offering higher procuration fees to brokers placing mortgages with Nationwide Building Society and Woolwich bank.

From Nationwide, advisers will receive 0.3 per cent of the mortgage advance, with a minimum payment of £150 on all cases.

They will receive 0.3 per cent of the mortgage advance on standard, Open Plan and buy to let products from Woolwich and 0.5 per cent on their offset products.

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