This will increase the proc fee paid to brokers to 1.5% from the usual 1% paid by Hope Capital for all loans completed throughout the six week period. 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. The annual award will be presented in September each year, while monthly winners will be presented in person with a trophy, £100 in holiday vouchers and also treated to a prestigious Industry Gala Dinner event as a guest of Hope Capital.
Jonathan Sealey, chief executive officer of Hope Capital says:
“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.”
