Hope capital boosts proc fees

Ryan Fowler

September 17, 2014

From September 23 through to the end of October Hope will be paying brokers proc fees of 1.5%, up from the usual 1%.

This will be paid at a rate of 1.25% on completion of the loan, and a further 0.25% when the short term loan redeems.

In addition Hope Capital is also launching monthly and annual awards for the brokers that support it, with awards for Introducer of the Month and Introducer of the Year.

The awards will be handed out to the brokers who introduce what Hope Capital’s Investment Committee deems to be the most attractive deal on both a monthly and an annual basis.

Jonathan Sealey, chief executive officer of Hope Capital , said: “We have achieved a great deal over the last three years.

“We have ambitious plans to build on this success and grow the business but we recognise that this is very much reliant on the brokers who introduce business to us.

“The enhanced procuration fee and awards have been designed to give something back to the brokers across the country that have been a part of our success so far and who are also helping us to take the business to the next level.”

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