It provides either a full refund of legal fees or of valuation fees, or an interest rate discount
Bridging lender London Credit has introduced its Best 4 U promotion, offering brokers the flexibility to tailor loan deals more closely to their clients’ needs.
The new initiative allows brokers to select from three different benefits: either a full refund of legal fees, a full refund of valuation fees, or a 10% discount on the interest rate.
The options are available on residential loans which do not exceed 70% loan-to-value (LTV), with a maximum loan amount set at £2 million. To qualify, the legal work associated with the loan must be completed by June 1, 2024.
To take advantage of the offer, brokers are required to submit a loan application, select their preferred promotional benefit, and inform their business development manager. The selected offer will be applied to the loan once it is approved.
“This initiative aims to ease the financial burden on borrowers and provide brokers with flexibility to structure the most suitable solution for their clients,” said Marios Theophanous (pictured), credit manager at London Credit.
“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.”
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