Short-term asset based lender borro has simplified its pricing structure and is now giving intermediaries better rates.

The lender is lowering its fees across the board, with a facility fee now of 2.5%, a storage fee only applicable to certain asset types and no exit fee.

Paul Brett , business development director at borro, said: “Borro is committed to offering the best possible rates to intermediaries to make sure they can provide a strong alternative lending product to their clients.