LendInvest improves proc fees for NACFB brokers

Published on

LendInvest is offering NACFB-registered brokers an enhanced procurement fee for its bridging product.

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

LendInvest currently partners with the NACFB to run regular Property Development Academies for brokers. Aimed at providing brokers with a better understanding of how to add more value to clients that require development finance, the courses outline in detail what it takes to make sure small-scale developments run smoothly.

To date more than 50 NACFB-registered brokers around the country have benefitted from attending a LendInvest Academy.

Matthew Tooth, chief commercial officer at LendInvest, said: “We’re 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.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Lloyds ad banned over misleading £19.5bn housing claim

The Advertising Standards Authority (ASA) has ruled that a Lloyds Banking Group advertisement overstated...

Reeves mulls Capital Gains Tax on high-value homes as Treasury seeks £40bn

Chancellor Rachel Reeves is considering ending the capital gains tax (CGT) exemption on high-value...

Landbay unveils new free valuation options and cuts rates on two-year fixes

Buy-to-let lender Landbay has expanded its Summer Special range with the launch of four...

Commuter hotspots offer affordability lifeline as office returns pick up

With more employees heading back into the office commuting is once again shaping homebuying...

Heather Small and Bootleg Beatles to headline first Sort Ball in Manchester

Heather Small and The Bootleg Beatles have been announced as the headline performers for...

Latest publication

Latest opinions

Tuning into later life lending conversations

There are certain conversations in our profession that can genuinely change the course of...

Right of Light risks: a looming shadow over construction projects

Gone are the days when a Right of Light infringement could be swiftly dealt...

Could a move to ‘enhanced advice’ also mean mandatory protection conversations?

The FCA’s recent Mortgage Market Discussion Paper (DP25/2) has got the industry talking about...

Take off the rose-tinted glasses and stop chasing a rate cut

Every six weeks the financial world raises its eyebrows at the prospect of a...

Other news

Lloyds ad banned over misleading £19.5bn housing claim

The Advertising Standards Authority (ASA) has ruled that a Lloyds Banking Group advertisement overstated...

Reeves mulls Capital Gains Tax on high-value homes as Treasury seeks £40bn

Chancellor Rachel Reeves is considering ending the capital gains tax (CGT) exemption on high-value...

Landbay unveils new free valuation options and cuts rates on two-year fixes

Buy-to-let lender Landbay has expanded its Summer Special range with the launch of four...