LendInvest ups proc fees for NACFB registered brokers

Specialist lender LendInvest is upping procurement fees for NACFB registered brokers.

The lender currently offers 1 per cent proc fee as standard for bridging deals but is increasing this to 1.2 per cent exclusively for NACFB registered brokers.

LendInvest currently partners with the NACFB to run property development academies for brokers.

The lender says the courses aim to provide brokers with “a better understanding of how to add more value to clients that require development finance.”

LendInvest chief commercial officer Matthew Tooth says: “We’re delighted to be able to provide incentives such as enhanced procurement fees to brokers around the country who live up to the operating standards set out by the NACFB.

“Working with industry bodies towards improving the way our brokers operate and deliver service to their clients on a day-to-day basis not only benefits the customer, but each stakeholder involved in a deal, streamlining the process from initial enquiry to completion.”

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