The Cheval Club gives intermediaries an exclusive first-charge interest rate of 1.25% per month and an additional procuration fee per completion of £150 paid by Cheval.
Among the additional benefits is automatic entry into a quarterly draw.
Those brokers attending Cheval’s current roadshow events are automatically admitted to the scheme, which provides members with a loyalty card and a unique membership number. Qualifying brokers who do not attend the seminars are also entitled to membership.
Gareth Lewis, national sales manager at Cheval, says: “The scheme is designed as a reward to brokers and we think the challenge going forward will be to keep offering benefits that make it attractive to them. So watch this space.”