LendInvest, a property finance lender, is offering NACFB-registered brokers an enhanced procurement fee for its bridging product.
LendInvest’s standard procurement fee for bridging deals is 1 per cent, but will increase to 1.2 per cent exclusively for NACFB-registered brokers.
This initiative is the latest in a series of measures implemented by LendInvest to support raising broker standards across the industry.
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.
As a sponsor of the NACFB Commercial Finance Expo, LendInvest will be joining hundreds of brokers and other lenders for the event in Birmingham this week.
Matthew Tooth, Chief Commercial Officer at LendInvest, says: “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.”