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West One Loans to return arrangement fees

Bridging lender West One Loans is offering to return 100% of arrangement fees on any loan up to £500,000. 

The offer to return arrangement fees will begin with immediate effect and will apply to loans of 40% or less of the Open Market Value but must not exceed 50% of the Forced Sale Value.

The loans must also be for properties within a major UK city.

Duncan Kreeger, chairman of West One Loans, says: “We are continually looking for innovative ways in which we can improve our offering to meet brokers’ requirements. This latest offer comes as a direct response to the needs expressed by them and is part of a continued effort to identify ways in which we can give something back to our brokers.

“Having worked in the financial services industry for many years, we fully understand the issues they have to deal with every day and are glad to be able to give back 100% of our arrangement fee on loans that may traditionally offer less financial potential.”

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  • Samuel George 10th February 2011 at 1:22 pm

    A cheap shot at reacting to Tiuta’s survey fee refund. You must have them quaking in their boots with such a bold move ..

  • Geoff Green 10th February 2011 at 12:41 pm

    Any new initiative is good, but really guys, on cases not to exceed 50% of forced sale value? In reality then we are looking at 30-40% LTV! Hardly pushing the boat out are we?