Hampshire Trust Bank has unveiled a new fee incentive for commercial cases.
The valuation fee will be refunded up to a maximum of £1,000, as well as a £500 contribution made towards legal costs, subject to certain terms and conditions being met. This includes a minimum deal size of £300,000.
The February fee incentive follows similar incentives launched over Christmas and the New Year, with minimum loan sizes of £500,000.
Hampshire’s commercial team offers bridging and short-term finance secured against buy-to-let, commercial and semi-commercial property, worth up to £2.5m.
Hampshire Trust Bank’s head of sales Anna Lewis says the previous incentives have been popular with brokers and notes this new promotion is available on a wider number of loans due to its smaller minimum deal size.
She adds: “We have plenty of exciting plans in the pipeline, with more incentives to come. Hampshire Trust Bank is committed to continuing to enhance the products and service we provide to our intermediary partners.”