Bridging
London Credit brings out Best 4 U promotion
Bridging lender London Credit has launched a Best 4 U promotion that permits brokers to select the offer that would be best for their clients.
The promotion from London Credit – which recently extended its bridging valuation promotion – will give brokers the choice to choose either refunded legal fees, refunded valuation fees or a lower rate.
The broker can select a 100 per cent refund on legal or valuation fees up to a maximum amount of £5,000 per loan, or a 10 per cent discount on the interest rate.
The offer is available for residential loans up to 70 per cent loan to value (LTV) and a maximum loan size of £2m where the legal undertaking is paid by 1 June 2024.
Brokers can benefit from the offer by submitting a loan application and choosing the preferred option, then communicating it to their business development manager (BDM).
The promotion will be applied upon approval of the loan.
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Marios Theophanous, credit manager at London Credit, said: “This initiative aims to ease the financial burden on borrowers and provide brokers with flexibility to structure the most suitable solution for their clients.
“By being able to choose a promotion on either legal fees, valuation fees or rate, brokers are empowered to pick the most beneficial offer based on the specifics of the loan and the client’s circumstances.”