Bridging lender London Credit has launched a Best 4 U promotion that allows brokers to pick the provide that will be greatest for his or her shoppers.
The promotion from London Credit – which just lately prolonged its bridging valuation promotion – will give brokers the selection to decide on both refunded authorized charges, refunded valuation charges or a decrease fee.
The dealer can choose a 100 per cent refund on authorized or valuation charges as much as a most quantity of £5,000 per mortgage, or a ten per cent low cost on the rate of interest.
The provide is available for residential loans as much as 70 per cent mortgage to worth (LTV) and a most mortgage measurement of £2m the place the authorized enterprise is paid by 1 June 2024.
Brokers can profit from the provide by submitting a mortgage software and selecting the popular possibility, then speaking it to their business growth supervisor (BDM).
The promotion might be utilized upon approval of the mortgage.
Marios Theophanous, credit score supervisor at London Credit, mentioned: “This initiative goals to ease the monetary burden on debtors and supply brokers with flexibility to construction essentially the most appropriate answer for his or her shoppers.
“By being able to choose a promotion on either legal fees, valuation fees or rate, brokers are empowered to pick the most beneficial offer based on the specifics of the loan and the client’s circumstances.”
Anna is a reporter for Mortgage Solutions and assistant editor for Specialist Lending Solutions, each B2B sister titles of YourMoney.com. She has labored as a journalist for over 4 years, initially within the specialty insurance coverage sector earlier than transferring onto mortgages.
