LendInvest’s standard procurement fee for bridging deals is 1%. However, it will rise to 1.2% exclusively for NACFB-registered brokers.
The lender said the move was part of the implementation measures driven by LendInvest to support raising broker standards across the industry.
LendInvest partners with the NACFB to run its Property Development Academies for brokers. Aimed at providing brokers with a better understanding of how to add more value to clients that require development finance, the courses outline in detail what it takes to make sure small-scale developments run smoothly.
Matthew Tooth, chief commercial officer at LendInvest, commented: “We are 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.”