Hope Capital today launches a brand-new feature of its bridging loan products. The Flexible Fees product feature is aimed at borrowers who require a zero lender arrangement fee, reduced valuation fee options or no upfront solicitors’ costs.
The new feature is specifically designed for borrowers who need to manage their cashflow effectively and require the highest possible amount on day one of the loan. By offering borrowers the option of zero or reduced fees, they are effectively customising the loan to best suit their needs.
The Flexible Fees feature provides a 0% option on the lender arrangement fee, options for reduced valuation fees and no upfront solicitors costs. By removing and reducing these costs, the broker can provide their client with a more flexible and affordable loan.
The zero lender arrangement fee is available solely on serviced or part-serviced loans with minimum loan terms applying. Reduced valuation fees and no upfront solicitors’ undertakings are available across both serviced and interest-retained loans upon receipt of the application.
Brokers will continue to receive their full procuration fee on completion, irrespective of which option the borrower chooses.