EXCLUSIVE: Industry-first auction finance partnership goes live
Details of the properties pre-qualified by online mortgage lender LendInvest ahead of the next LOT11 auction are now live.
"This partnership has been designed to ensure prospective buyers and their brokers can move quickly to secure finance on any property that catches their eye."
The two firms announced their partnership last month, describing the move as an "industry-first".
The deal will see LendInvest pre-qualify lots at LOT11 auctions which fall within the lender’s criteria.
LendInvest’s logo appears alongside the auction properties that it has pre-qualified, ensuring bidders and their brokers can see at a glance which properties LendInvest is prepared to lend against.
On the information page for each pre-qualified lot, summary funding details will be presented alongside other key property information, such as floor plans and legal documents.
LendInvest says this reflects the imperative of arranging auction finance in advance of a bid for prospective bidders.
Matthew Tooth, Head of Distribution at LendInvest, said: “Online auctions are an excellent option for investors looking to secure a good price on their next investment property. This partnership has been designed to ensure prospective buyers and their brokers can move quickly to secure finance on any property that catches their eye.”
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