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Borro simplifies intermediary pricing structure

Borro has simplified its intermediary pricing structure and will now offer a facility fee of 2.5% of the loan, a storage fee applicable only to certain asset types and no exit fee.

Yuan Phoon, 25 October, 2011

Paul Brett, business development director at Borro, said: "Borro is committed to offering the best possible rates to intermediaries to make sure they can provide a strong alternative lending product to their clients.

"With interest rates starting at 2.49% per month, introducers can earn up to 7.98% of the loan value in commission. Borro offers a viable alternative funding source for clients and a valuable income opportunity for advisers."

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