100% of arrangement fee returned by top bridging lender

100% of arrangement fee returned by top bridging lender


A London based bridging lender has announced that they will return 100 per cent of arrangement fee(s) to brokers, with immediate effect.

West One Loans want to ‘reward’ their brokers by returning the fees on loans up to £500,000. The offer applies to loans of 40 per cent or less of the open market value (OMV), but less than 50 per cent of the forced sale value (FSV). The loans must also be for properties within a major UK city.

The company says that this latest announcement is part of continued commitment to providing some of the most competitive offers in the bridging market.

Duncan Kreeger, Chairman of West One Loans, said: “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.”

For more information on this offer call West One loans on 03331234556 or visit www.westoneloans.co.uk.

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