The grace period will last from April until July 2020.
The National Association of Commercial Finance Brokers (NACFB) has announced free membership for all existingbrokers for the next four months.
Speaking on the membership fee grace period, Paul Goodman, chair at the NACFB, said: “We know that announcements from the Chancellor won’t go far enough to impact most of our membership.
“We have therefore made the right decision to pause the collection of all broker membership fees – a far more substantial measure than any three-month holiday period.
“We want our loyal members to be able to lean on their trade body during this difficult time and feel supported, not just in terms of our service, but financially too.”
The grace period will last from April until July 2020.
