"We are pleased to announce our intent to pay a procuration fee for retention business later in 2018."
A proc fee of 0.2% will be paid to intermediaries for all existing customers transferring onto a new product.
Newbury offers residential, buy-to-let and shared ownership and equity products.
Karen Smith, sales nanager for Newbury Building Society, said: “We have always valued the support and hard work of our intermediary partners and would like to thank them for their business. We are pleased to announce our intent to pay a procuration fee for retention business later in 2018. We will be confirming an exact date for launch nearer the time.”
