Goldentree launches zero per cent interest fee product

Goldentree launches zero per cent interest fee product



As a specialist in property development finance, Goldentree Financial Services has recently released a unique product where borrowers only pay one single fixed fee….


As a specialist in property development finance, Goldentree Financial Services has recently released a unique product where borrowers only pay one single fixed fee.
Betfred-backed development lender, Goldentree, has introduced a unique pricing option on its development finance products, which are now available with no interest and just one fixed fee.
The development finance product range is aimed at developers who want to fix all of their finance related costs on a deal. Goldentree will quote one single fee, with no interest, legal, valuation, QS, arrangement and exit or monitoring fees.
 Commenting on the new products, Joanne Parr, Business Development Manager, said: ‘We see many deals where the builder ends up paying more in finance related costs that they budget for.
“This product allows them to de-risk the funding part of a development.”
Steve Marsh, Managing Director of Goldentree said: “This product is unique in the market. Our funding structure allows us to offer an interesting alternative pricing model.”
 Steve added: “We hope the broker community will see the advantages in looking at this.”
 


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