Direct Lender

MCI Club not only has highly competitive procuration fees matched against all other clubs, but also are the only club to offer you free Customer Portals to help you win and retain more business.

We will offer you great procuration fees matched against all the other clubs, however we are the “ONLY” club who can offer you the MortgageKeeper Customer Portals for “FREE” becoming the complete & unrivalled DA proposition.

  • Competitive mortgage procuration fees price compared against other Mortgage Clubs.
  • Exclusive products as they become available from our panel of lenders.
  • Free Customer Portals incorporated with the Mortgage Keeper System to help case processing & communication with customers (worth £24.95 per firm & £7.50 per advisor).

Proc Fees


Download Proc Fees

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Lender Registration


Download Lender Registration Process

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How Do I Start:

Accord Mortgages work with a limited panel of partners.

To register for residential products click here and choose MCI Club as your Mortgage Club payment route.

To register for buy to let products click here and choose MCI Club as your payment route.

If you are already registered with Accord but have not done business with MCI Club previously, you will need to register again in the same way, but Accord will know that it is just the lender partner that needs changing.

Payment Process:

Accord Mortgages pay weekly and the MCI Club will pay your Procuration fees on the day we receive payment from the Lender.”

Net Fee:

  • Residential – 0.425% (Minimum fee £185)
  • Buy To Let – 0.45% (Minimum fee £200)
  • Further Advance – 0.30% (Minimum fee £50)
  • Ported Products – 0.28%
  • Retention Product – 0.28%

How Do I Start:

To register to do business with Aldermore please click here.

If you are already registered with Aldermore then on each case submission you will be asked if you are submitting business through a Mortgage Club, tick yes and then select MCI Club.

If MCI Club is not already in your drop down box then go to ‘Edit Profile’ on the ‘Portal’ and add in ‘MCI Club’.

Payment Process:

Aldermore will pay your Procuration fee directly to you.

Net Fee:

Buy to Let and Residential – 0.40%

Retention – 0.30%

How Do I Start:

Visit the Barclays website here and click on Register.

If you are already registered with Barclays, but have not submitted business to MCI Club previously, then email broker.registration@barclays.com or call 0345 073 3330 and request that MCI Club is added to the procuration fee scheme / payment route

Once this has been implemented then on the application form the ‘Pick Payment Route’ should include MCI Club.

Payment Process:

MCI Club will pay your procuration fees the day we have received them from Barlcays.

Net Fee:

  • Residential – 0.33%
  • Offset – 0.33%
  • Buy To Let – 0.38%
  • Retention Mainstream & Buy to Let – 0.18%
  • Further Advance – 0.29%

How Do I Start:

If you have not yet registered with BM Solutions please visit their website here  and select the ‘Register’ button from the top left hand corner of the ‘Home’ page

If you are already registered with BM Solutions when submitting an application you will be asked “Are you submitting via a Club / Network / Principle” to which you select ‘Yes’. The next step is to type in the name of the Club that you require as your payment route, as you start to type in M C I Club the list of options available will reduce. Select ‘M C I Club’ and continue with the submission of the application.

Payment Process:

BM Solutions pay weekly and the MCI Club will pay your Procuration fees on the day we receive payment from the Lender.

Net Fee:

Buy to Let – 0.39% Includes Product Transfers

Let to Buy – 0.39% Includes Product Transfers

Further Advance – 0.39%

How Do I Start:

To register with The Coventry for the first time, you can give their Intermediary Support team a call on 0845 757 3612 using option 1.

Please make sure you have the following details to hand:

  • FCA registration number
  • FCA permissions
  • Full company name and address

Before you start to use The Coventry’s online services you will be asked to read and accept their terms of use and terms of business.

It is also recommended you understand their case quality monitoring and appeals process.

If you are currently registered with The Coventry and wish to add MCI as a payment route, simply call their Registrations Team on 0845 7573612 using option 1 or send your request via email to intermediaries@thecoventry.co.uk.

 

Payment Process:

The Coventry pay weekly and the MCI Club will pay your Procuration fees on the day we receive payment from the Lender.

Net Fee:

  • Standard – 0.40%
  • Buy to Let – 0.40%
  • Product Transfers – 0.28%

How Do I Start:

Furness BS currently accepts applications on a manual paper basis or via MTE.

In all cases – Intermediaries must indicate MCI Club as submission route on the Intermediary Declaration on page 2 of the Mortgage Application form.

All intermediaries submitting business to The Furness for the first time need to complete a Join Our Panel form and indicate MCI Club as the preferred Mortgage Club submission route/s on this form.

Both application form and Join Our Panel forms are located on the website ready for download please click here

Payment Process:

The MCI Club will pay your commission on receipt of payment

Net Fee:

Residential – 0.38% (max £3,800)

Buy to Let – 0.38% (max £3,800)

How Do I Start:

To register to place business with Halifax click here.

Click on the Placing Business tab then Register to Place Business.

Next choose option 1. Register To Join Our Panel. Complete and submit the form.

If you are already registered with Halifax but have not done business with MCI Club previously, please click here and complete the form to add MCI as a payment route.

Payment Process:

Halifax pay weekly for new business and monthly for Product Transfers. The MCI Club will pay your Procuration fees on the day we receive payment from the Lender.

Net Fee:

Halifax including Retention Products – 0.32%

How Do I Start:

There is no pre-registration process required with Hodge Lifetime.

Simply note MCI Club as your payment route on the Mortgage Application form or illustration request. Also the broker support team will register you as an MCI Broker if you contact them.

If you have used another Mortgage Club for Hodge Lifetime business, then simply tell the Broker support team to use MCI Club for future cases.

For all enquiries, and details of other Hodge Lifetime products, please call Hodge Broker Support Team on 0800 731 4076 or visit Hodge Lifetime

For the 55+ Mortgage Product you only require a relevant residential mortgage qualification to advise on and sell this product.

For all other Hodge Lifetime Equity Release products you will require a relevant qualification in equity release to advise on and sell these products.

Payment Process:

The lender will pay your procuration fee directly to you.

Net Fee:

  • Lump Sum Lifetime Mortgages – 2.25% (Max £11,250)
  • Retirement Mortgages – 1.25% (Min £300)
  • Flexible Lifetime Mortgages – 2.25% (Max £11,250)
  • Residential Product 55+ – 0.50% (Min £225)
  • Over 55 Retention – 0.25%

Tools & Downloads:

How Do I Start:

To register to do business with Kensington click here and follow the online instructions or ring Kensington Business Development Unit on 0800 111 020 for further assistance.

If you already registered with Kensington then go to the Home Screen ‘User Profile’ and select MCI Club & move to your preferred list, type your password and save. Once it states ‘your details have been updated’ MCI will always appear on your preferred list.

To submit a case, on the ‘Submission Route’ screen of the DIP select ‘Yes’ when asked if the case is being submitted via MCI Club.

Payment Process:

Kensington pay weekly and the MCI Club will pay your Procuration fees on the day we receive payment from the Lender.

Net Fee:

  • Buy To Let – 0.40%
  • Residential – 0.40%

How Do I Start:

Click here if you have not already registered with Leeds Building Society.

If you have already registered with Leeds Building Society, but not previously submitted business through MCI Club then email registrations@leedsbuildingsociety.co.uk asking for MCI Club to be added to your details so it will appear as a payment route option for you to choose when you log in to submit a case.

Payment Process:

Leeds BS pay monthly and the MCI Club will pay your Procuration fees on the day we receive payment from the Lender.

Net Fee:

  • Residential – 0.37%
  • Buy To Let – 0.45%
  • Retention – 0.18%

How Do I Start:

Please obtain an application form from The Family Building Society website by clicking here

When submitting the form, please ensure you put MCI Club as your payment route on the form.

Payment Process:

MCI Club will pay your procuration fees the day we have received them from The Family Building Society.

Net Fee:

  • Buy To Let – 0.50% (Min £225)
  • Owner Occupied/Fixed/Retirement Lifestyle Booster – 0.40% (Min £180)
  • Owner Occupied Offset – 0.50% (Min £225)
  • Family Mortgage – 0.55% (Min £247.50)
  • Ported Product – 0.10%
  • Retention – 0.10%
  • Further Advance – 0.25% (Min £5)

How Do I Start:

Visit the Nationwide website by clicking here then follow the instructions.

If you are already registered with Nationwide but have not submitted business through MCI Club previously, then log in here.

Then go to “Manage My Details” on the left hand side. At the top select “Submission Routes” and add the submission route here under MCI Club Ltd.

 

Payment Process:

Nationwide pay weekly and the MCI Club will pay your Procuration fees on the day we receive payment from the Lender.

Net Fee:

Standard – 0.33%

Retention – 0.19%

How Do I Start:

 

If you are notalready registered to do business with NatWest Intermediary Solutions, and wish to use the MCI Club please click here. Click Register with us and select The MCI Club as your payment path

If you are already registered, select Log In. Enter your User I.D & password then click select payment path. The MCI Club will be available to select.

Payment Process:

NatWest Mortgages pay weekly and the MCI Club will pay your Procuration fees on the day we receive payment from the Lender.

Net Fee:

  • Residential – 0.32% (Minimum fee £225, Maximum fee £5,485)
  • Buy To Let – 0.40% (Minimum fee £225 Maximum fee £5,333)
  • Retention – 0.18% (Minimum fee £225, Maximum fee £5485)

How Do I Start:

To submit business to Precise Mortgages through the MCI Club please add MCI Club into your preferred list.

To do this click here and go to user profile page and select change my submission route list. Then find MCI Club in the select Mortgage Club list and move it across to the Preferred List.

If you are not currently registered with Precise Mortgages there is a quick online processthat takes only a few minutes to complete.

Payment Process:

Precise Mortgages pay weekly and the MCI Club will pay your Procuration fees on the day we receive payment from the Lender.

Net Fee:

  • Residential / Buy To Let – 0.50%
  • Standard Bridging – 1.35%
  • Fee Free Bridging – 0.90%
  • Second Charge – 1.25%
  • Retention Products – 0.23%

How Do I Start:

To register click here, and state on application form that MCI Club is required.

If you are already registered with Santander for Intermediaries but do not have access to the MCI Club, then please send an email to the Santander for Intermediaries broker registration team ‘msa@santander.co.uk’ quoting your Introducer Code requesting MCI Club be added to your account.

Alternatively if access to the MCI Club is required urgently you can call the Broker Registration Team on 0141 275 7900 and ask that the MCI Club payment route is added to your Introducer account.

When confirmation of payment route has been made MCI Club can then be selected from the drop down box when submitting each new application.

Payment Process:

“Santander pay weekly and the MCI Club will pay your Procuration fees on the day we receive payment from the Lender.”

Net Fee:

  • Standard Products – 0.32% (Min £230)
  • Buy To Let – 0.45%
  • Retention Products – 0.19

How Do I Start:

 

I have clicked the link and it just takes you to a page where you can register so the instructions should be updated to

Click here to visit the Scottish Widows Bank website then click on ‘‘Register’, then follow the instructions.

If you are already registered with Scottish Widows Bank , and wish to submit business through MCI Club then you will need to go through the Registration process again choosing MCI Club as your new payment route.

This will allow you to have a drop down box with MCI Club available for when you submit your case.”

Payment Process:

Scottish Widows will pay your Procuration fee directly to you.

Net Fee:

Mortgages and Product Transfers – 0.37%

Further Advance – £100 Flat Fee

How Do I Start:

Click here, select register then follow the instructions.

If you are already registered with the Skipton, but have not submitted business to MCI Club previously, simply select MCI Club as fee route from the drop down options when submitting cases.

Payment Process:

Skipton Intermediaries pay weekly and the MCI Club will pay your Procuration fees on the day we receive payment from the Lender.

Net Fee:

  • Residential – 0.37% (Min £90, Max £3,700)
  • Buy To Let – 0.45% (Min £90, Max £3,375)
  • Retention Residential – 0.28%
  • Retention B2L – 0.33%

How Do I Start:

Click here, and follow the instructions.

If you are already registered with The Mortgage Works, but have not submitted business to MCI Club previously then email salessupport@themortgageworks.co.uk and ask for MCI Club to be added as your submission route.

Payment Process:

The Mortgage Works pay monthly and the MCI Club will pay your Procuration fees on the day we receive payment from the Lender.

Net Fee:

  • Buy to let – 0.39%
  • Retention – 0.19%
  • Large Portfolio Product Range 0.49%

How Do I Start:

Simply complete and return the paper Intermediary Registration form available here.

Choose The MCI Club

Please tick MCI Club as your payment route on the paper version of the Mortgage application form that you send to The Tipton.

Payment Process:

The Tipton & Coseley BS pay monthly and the MCI Club will pay your Procuration fees on the day we receive payment from the Lender.

Net Fee:

  • Residential – 0.40% (Minimum fee £210, Maximum fee £4,000)
  • Buy To Let – 0.42% (Minimum fee £210 Maximum fee £2,000)

How Do I Start:

To Register to submit business to Virgin Money please complete the online Registration form here and follow the three simple steps.

You will get an email update within 24 hours and a final email confirming the outcome of your panel appointment request.

If you are already registered with Virgin Money and simply need to amend your details or add MCI Club as a payment route please complete the online Amendment form here.

Click on NEXT and complete the necessary information and submit the form online.

Payment Process:

Virgin Money pay monthly and the MCI Club will pay your Procuration fees on the day we receive payment from the Lender.

Net Fee:

  • Residential – 0.45%
  • Buy To Let – 0.45%
  • Product Transfer – 0.35%
  • Ported Product – 0.45%

How Do I Start:

If you have not yet registered with Together, please visit their website here  and select the ‘Register’ button from the top left hand corner of the ‘Home’ page.

If you are already registered you can contact together at brokerrelations@togethermoney.com to switch & register to submit business through The MCI Club

Payment Process:

Together pay monthly and the MCI Club will pay your Procuration fees on the day we receive payment from the Lender.

Net Fee:

  • Residential – 0.55%
  • Buy to Let – 0.55%
  • Bridging – 0.95%

How Do I Start:

To register to do business with Fleet Mortgages please click here. Then click “register”

If you are already registered with Fleet when completing a DIP, a drop-down box will appear for payment route, ensure MCI Club is selected. This will then become your default setting.

Payment Process:

Fleet Mortgages pay weekly and the MCI Club will pay your Procuration fees on the day we receive payment from the Lender.

Net Fee:

Buy to Let – 0.45%

How Do I Start:

To Register to submit business to Principality please complete the online Registration form here and follow the three simple steps.

You will get an email update within 24 hours and a final email confirming the outcome of your panel appointment request.

If you are already registered with Principality and simply need to amend your details or add MCI Club as a payment route please complete the online Amendment form here.

Payment Process:

Principality pay the month following completion and funds are realised within the first two weeks of that month, The MCI Club will pay on the day funds are received.

Net Fee:

  • Residential – 0.38%
  • Buy To Let – 0.45%
  • Product Transfer – 0.18%

How Do I Start:

To Register to submit business to Pepper please complete the online Registration form here and follow the instructions to register and choose MCI club as your payment route.

If you are already registered with Pepper login to your account and under user profile add MCI Club as a payment route

Payment Process:

Pepper Money pay procuration fees within 15 days of completion. MCI Club will make payment the day the procuration fee is received.

Net Fee:

  • All products – 0.40%

How Do I Start:

To Register to submit business to Landbay please complete the online Registration form here and follow the instructions to register and choose MCI club as your payment route, you will then receive an email asking to verify your email address.

If you are already registered with Landbay you can email enquiries@landbay.co.uk to change payment route to MCI.

Payment Process:

Broker fees are paid weekly every Tuesday for the previous week’s completions (Mon-Fri) MCI will make payment once received.

 

Net Fee:

  • All products – 0.45%
*Only available to a selected distribution,
please check with
MCI BDM Ronnie Molloy 07523912644
or ronnie.molloy@mciclub.co.uk

How Do I Start:

To Register to submit business to Bank of Ireland please complete the online Registration form here and click register, ensuring to select MCI Club as payment route

If you are already registered with Bank of Ireland, you can simply select MCI Club as payment route during the mortgage application stage;

Payment Process:

Bank of Ireland pay procuration fees within 8 days of legal completion, MCI will pay the procuration fee the day we receive it.

Net Fees:
Residential 0.38
BTL 0.48
First Start 0.48
Product Transfer 0.23

How Do I Start:

To Register to submit business to Post Office please complete the online Registration form here click register and fill in the form ensuring to select MCI Club as your payment route.

If you are already registered with Post Office when submitting a mortgage application, you can select MCI as payment route.

Payment Process:

Post Office pay procuration fees within 8 days of legal completion. MCI Club will make payment the day the procuration fee is received.

Net Fees:

Residential                             0.37
BTL                                         0.46
Retirement Link                     0.46
Family Link                             0.46
Product Transfers                 0.23

How Do I Start:

Visit the Vida website here and click on Register.
If you are already registered with Vida, but have not submitted business to MCI Club previously, then email enquiries@videhomeloans.co.uk and request that MCI Club is added as an additional payment route this request will be actioned within 24 hours of receipt
Payment Process:
MCI Club will pay your procuration fees the day we have received them from Vida.

Net Fee:

• Residential – 0.40%
• Buy To Let – 0.45%

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How Do I Start:

Visit The Mortgage Lender website here and click on Register.
If you are already registered with The Mortgage Lender, but have not submitted business to MCI Club previously, you can select MCI Club as payment route once logged in on your registration page.
Payment Process:
MCI Club will pay your procuration fees the day we have received them from The Mortgage Lender

Net Fee:

• Residential – 0.50%
• Buy To Let – 0.50%

How Do I Start:

If you have not yet registered with Stafford Railway Building Society, please visit their website here and follow the application process selecting MCI as payment route.
If you are already registered you simply need to email brokers@srbs.co.uk confirming you wish to change your payment route to MCI Club

Payment Process:

Stafford Railway Building Society pay procuration fees twice a month and MCI Club will pay the same day we receive the fee.

Net Fee:
• All Products – 0.38%

How Do I Start:

If you have not yet registered with Keystone, please visit their website here and follow the application process selecting MCI as payment route.
If you are already registered you need to complete the same registration form here and then select MCI as payment route this will then be updated.

Payment Process:

Keystone send procuration fees 3 days after completion, MCI Club will pay the same day the fee is received
Net Fee:
• All Products – 0.70%

How Do I Start:

If you have not yet registered with Kent Reliance please visit their website here and select follow the registration process.

If you are already registered with Kent Reliance you will need to update your profile on your login page to reflect MCI as a chosen payment route, this will then appear for you to chose when submitting an application.

Payment Process:

Kent Reliance pay all procuration fees within 4 weeks of completion

Net Fee:

  • Residential – 0.35%
  • Buy to Let – 0.45%
  • Residential further advance – 0.35% (Minimum £125)
  • Buy to Let Further Advance – 0.45% (Minimum £125)
  • Product Transfers 0.28%

How Do I Start:

If you have not yet registered with Interbay please visit their website here  and follow the registration process selecting MCI as payment route.

If you are already registered , then during application please select MCI Club as payment plication.

Payment Process:

MCI Club will pay the same day we receive the fee from the lender.

Net Fee:

  • BTL, Commercial and Semi Commercial – 0.85%
  • Bridging                              1.00%

How Do I Start:

 

If you have not yet registered with Lendinvest, please visit their website here  and follow the application process selecting MCI as payment route.

If you are already registered , then during application please select MCI Club as payment route.

Payment Process:

MCI Club will pay the same day we receive the fee from the lender.

Net Fee:

  • All Products – 0.60%

How Do I Start:

If you have not yet registered with Octane please visit their website here  and follow the application process selecting MCI as payment route.

If you are already registered , then during application please select MCI Club as payment route.

Payment Process:

Octane will pay the broker directly

Net Fee:

  • All Products –Brokers can decide on how much they want to earn from each case which will then affect the pricing of the product and pay intermediaries directly the relevant procuration fee.