London Credit extends 'Best 4 U' incentives promotion to commercial loans

London Credit has extended its Best 4 U promotion to commercial and semi-commercial loans.

The promotion, which gives brokers the option to choose either refunded legal fees, refunded valuation fees or a lower rate, is now available across commercial and semi-commercial loans, as well as London Credit’s residential products.

Under the promotion a broker can choose a 100% refund on legal or valuation fees up to a maximum amount of £5,000 per loan, or a 10% discount on the interest rate.

The offer is available on commercial and semi-commercial loans up to 65% LTV and a maximum loan size of £2m where the legal undertaking is paid by 1st June 2024.

Brokers can benefit from the offer by submitting a loan application, choosing their preferred promotion and communicating it to their BDM. The chosen promotion will then be applied upon approval of the loan.

Marios Theophanous, credit manager at London Credit, said: “We’re delighted to extend our ultimate offers promotion to our commercial and semi-commercial lending, as it gives brokers even more flexibility to choose the most suitable offer for each loan transaction they bring to London Credit.

“Being able to choose the promotion that best suits a client gives brokers more control in structuring the most appropriate solution based on the specifics of the loan and their client’s circumstances.”