Industry-first auction finance partnership goes live
London, 22 September – Details of the properties pre-qualified by online mortgage lender LendInvest ahead of the next LOT11 auction are now live.
Last month, the two firms announced their industry-first partnership. The partnership 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.
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.”
LOT11 is a market-leading online auction house, offering properties for auction on a weekly and quarterly basis. It held its first auction in November 2015, and has sold properties across the asset classes throughout the UK.
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Contact
For LendInvest: John Fitzsimons: [email protected] / 020 3864 6817
For LOT11: Ashley Allcock [email protected] / 0207 043 1991
About LendInvest
LendInvest is the UK’s leading platform for property finance.
LendInvest offers short-term, development and buy-to-let mortgages to intermediaries, landlords and developers. Its proprietary technology and user experience are designed to make it simpler for both borrowers and investors to access property finance.LendInvest has lent over £3bn of short term, development and buy to let mortgages.
Its funders and investors include global institutions such as HSBC, Citigroup and NAB, and, in 2019, it was the first Fintech to securitise a portfolio of BTL mortgages. The company has reported annual profitable growth since 2015 and was named Digital Innovation Award Winner at the Sunday Times Tech Track 100 Awards, and both Specialist Lender and Buy-to-Let Lender of the Year for 2019 at the last NACFB awards.