Lendlord launches bridging loan auction tool

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The property investor and landlord platform says its tool allows users to view thousands of property details from multiple online auctions and analyse the returns on those properties if they were to buy them to let or ‘flip’ them for immediate profit.

Investors can then arrange a bridging loan to finance a purchase if they decide to bid on a property within the Lendlord platform.

It adds that any details users have entered on the platform while looking at the property will automatically be carried through to the loan application.

Lendlord co-founder and chief executive Aviram Shahar says: “The whole purpose of Lendlord is to make it as easy as possible for property investor and landlords to manage their investments and increase their returns.

There are so many opportunities to uncover for savvy investors in property auctions, but the process can be clunky and time consuming.

By bringing together the ability to view lots, analyse properties and apply for bridging finance, all within the Lendlord platform, we are giving investors the tools they need to make the most of new opportunities, grow their portfolios and maximise their profitability, all without leaving our website.”

The firm says its bridging finance can be arranged quickly, with completion possible within 28 days, which is a requirement of auction sales.