Borro launches into short-term resi market
Borro, the online platform for luxury asset lending, has announced its launch into the short-term residential property loan market.
Deprecated: trim(): Passing null to parameter #1 ($string) of type string is deprecated in C:\inetpub\wwwroot\2025.financialreporter.co.uk\htdocs\templates\front-end\partials\article_blockquote.php on line 2
The company will offer loans on properties valued over £1m with a minimum loan value of £100k.
The new property loan complements the existing proposition and is tailored to Borro’s high net worth and mass affluent client base.
Paul Aitken, Founder and CEO of Borro, said:
“Many of the loans we write today, secured against other luxury assets such as art and classic cars, are often just one piece of the puzzle for larger property transactions - usually for investment purposes. Adding prime property into the mix of assets we can lend against is a natural extension for our business.
“Unlike the majority of lenders in today’s market, this development means we can cross collateralise an entire portfolio of assets to enable a transaction. If a client is investing in property with a value of £1M+, the chances are they will have other luxury assets they can leverage against if needed and we can ensure that is made possible.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
This week's biggest stories:
Budget
Budget: Government confirms details of 2.5% deposit first-time buyer scheme
State Pension
Budget: Government confirms state pension tax protection
FCA
FCA restricts six lenders over anti-money laundering concerns
FCA
Advice firm employees plead guilty after defrauding clients of £2m
Budget
Budget: Government reduces Lifetime ISA withdrawal charges ahead of new FTB ISA launch
Inflation
Inflation rises to 3.5% as mortgage rates outlook shifts
