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Procuration Fee

Procuration Fee

Portrait of Justin Whitelock, founder of Mortgage London, standing in a park

By Justin Whitelock

Founder of Mortgage London (a trading style of City Finance Brokers Limited, authorised and regulated by the Financial Conduct Authority, FCA No. 766295)

A payment made by the lender to a mortgage broker or intermediary when a mortgage completes, separate from broker fees.

Related glossary terms

Broker Fee

A charge paid directly by borrowers to mortgage brokers for arranging mortgages, separate from lender payments, with charging models varying across the market.

Leasehold

Owning a property for a fixed term under a lease rather than owning the land outright forever, with associated obligations.

Title Deeds

The documents that show the history of ownership and rights affecting a property, primarily evidenced through HM Land Registry.

Power of Attorney Purchase

A transaction where the buyer authorises another person, the attorney, to sign documents and act on their behalf.