London-based specialist short and medium-term finance company,
Dragonfly Property Finance today announces that it is raising the procuration fee payable to members of the National Association of Commercial Finance Brokers (NACFB).With immediate effect, the proc fee on Dragonfly’s residential, refurbishment, commercial, buy to let and HMO medium-term loans will rise from 0.75 per cent to 1 per cent. For the lender’s 2nd charge term and 2nd charge bridging loans, the proc fee will rise from 1per cent to 1.25 per cent.
Mark Posniak, Marketing & Operations Director, Dragonfly Property Finance, said: “We have been a patron of NACFB for a year now and since day one we have been impressed by the quality of business that its brokers introduce to us and their professionalism generally. We felt increasing our proc fee across the board would be an appropriate recognition of the value we place on them as introducers.”
Adam Tyler, chief executive, NACFB, added: "When Jonathan and Mark brought Dragonfly to the market, I was really keen to engage our members with their proposition. This announcement is fantastic for our members and a real celebration of the anniversary of two professional businesses working together".
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