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Premier Mortgage Service has rebuffed claims that it has cut brokers' share of proc fees on The Mortgage Business' products.
This follows a letter to Mortgage Strategy by Steve Price, director of Derbyshire-based brokerage Woodenbox, asking why the gross proc fee to PMS had increased from 0.57% in February this year to 0.65% but brokers' net share of proc fees from PMS had fallen from 0.5% to 0.45%.
Price...





