What does ‘No broker fees’ mean?

Many commercial finance advisers charge a ‘broker fee’ along with a ‘product fee’.

A broker fee is a discretionary charge which some finance brokers try to charge you for their advisory services.

A product fee is the money a lender will pay to the finance broker in return for helping to ‘package’ bridging finance applications before being sent to the lender. If someone goes direct to a lender, the product fee is still charged. So it makes no difference whether a borrower goes direct to a lender or not. The fees and rates will be the same.

We DO NOT charge a broker fee for any bridging finance. Reiterating: we charge £0.00 broker fees for bridging finance.