LendInvest increases proc fees for NACFB-registered brokers

LendInvest has boosted procurement fees on its bridging product for NACFB-registered brokers.

The specialist lender’s standard procurement fee for bridging deals is 1%, but this will increase to 1.2% exclusively for NACFB-registered brokers.

LendInvest currently works with the NACFB to run regular property development academies for brokers, which aims to provide brokers with a better understanding of how to add more value to clients seeking development finance.

Matthew Tooth, chief commercial officer at LendInvest (pictured above), said that LendInvest was delighted to be able to provide incentives such as enhanced procurement fees to brokers around the country who live up to the operating standards set out by the NACFB.

“Working with industry bodies towards improving the way our brokers operate and deliver service to their clients on a day-to-day basis not only benefits the customer, but each stakeholder involved in a deal, streamlining the process from initial enquiry to completion.”

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