Bringing you live news and features since 2006 

LendInvest launches fast-tracked auction loans


LendInvest has launched its first auction finance product to help brokers and borrowers prepare for the first auctions of 2017.

LendInvest’s auction finance product is designed for borrowers who need their deals to be fast-tracked by their lender to ensure certainty of funding within tight timeframes.
Key features of the auction finance product are a 50 per cent discount on valuation fees; no exit fees; availability on loans ranging between GBP75,000 to GBP7.5 million; availability on terms from one to 12 months; and availability on loans with a maximum 75 per cent LTV.
Matthew Tooth, chief commercial officer at LendInvest, says: “A significant proportion of the deals that brokers bring to us are for purchases agreed at auction. In these cases, our brokers’ clients too often struggle with the same issue: their lenders can’t meet the demands to get their loans completed in time. Our auction finance borrowers receive a fast-tracked service to give them the comfort they need to know that if we say we’ll lend, we’ll do so in the short space of time availability.”
The new product is the second LendInvest product to be launched in recent weeks, following the rollout of a development exit product in October. It also follows LendInvest’s expansion to Scotland and northern England in recent months, as part of the company’s regional rollout strategy. 

Latest News

Just the two European launches this week with Fidelity bringing us a global government bond climate aware UCITS ETF and..
Ten new ETF solutions were launched for the week, each with a distinct value proposition for investors.  Detailed below are..
U.S. Bank has announced the launch of their new ETF services in Europe, as well as their first client for..
ETF data providers ETFGI has reported that the ETFs industry in the United States gathered net inflows of USD8.17 billion..

Related Articles

ETF Awards
We are very pleased to bring you the winners in the 13th outing of the ETF Express European ETF Awards,...
Off the Record Episode 1
ETF Express is pleased to announce the launch of Off the Record, a new podcast series, in partnership with Truss...
February ETF flow figures from iShares at BlackRock reveal that inflows into global ETPs were moderate for a fifth consecutive...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by