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Intermediary Payments & General Terms

Intermediary Payments

At C&G, we recognise that intermediaries play a major part in our success. That's why we work hard to arrange a package that brings benefits to you, as well as to your clients.

How to register for intermediary payments

General terms

Intermediary payments are made weekly on Wednesdays for all qualifying cases which completed between the previous Wednesday and the preceding Tuesday. Payments are made by BACS to the bank account nominated on the Intermediary Agreement. Please allow three working days for payments to clear.

Standard payments	Payments for key account business including mortgage clubs
Minimum payment £150 on loans over and including £25,000 for house purchases, remortgages and further borrowing.	Minimum payment £175 on loans over and including £25,000 for house purchases, remortgages and further borrowing.
Mainstream products 0.30%	Mainstream products 0.35%
5 and 7 year Fixed Rates 0.35%	5 and 7 year Fixed Rates 0.40%
Buy-to-let 0.50%	Buy-to-let 0.50%

Loan qualifying criteria

For loans between £5,000 and £24,999 no proc fee is payable
The loan can be for a house move (including existing C&G mortgage customers taking a new mortgage to move home), a remortgage or a further advance

You will also be paid for the C&G Insurance products you introduce:

Policy	Payment
Buildings	£25
Contents	£25
Payment Protection Plus	£50

How to register for intermediary payments

General Terms

All new C&G mortgages are arranged on daily interest
Unless otherwise stated, C&G mortgages are available on loans of £5,000 or more.
Interest is charged on fees when they are added to the loan, at the interest rate of the client’s main loan account
No requirement to insure the property through us
No requirement to take out a mortgage-related investment plan
No higher lending charge
From 1 September, all C&G mortgage offers will be valid for 120 days.