Brickflow announces MASS Reports partnership to address planning and funding issues
Brickflow, the UK’s first search engine for development finance, has partnered with site feasibility specialists, MASS Reports, to give property developers seamless and fast access to planning reports and funding.
Both digital platforms have the same objectives: Brickflow to connect borrowers and lenders in seconds, addressing widely-reported funding access issues; MASS Reports to ensure developers and asset managers make informed decisions about their sites’ potential, reducing the likelihood of project failure.
According to the Federation of Master Builders’ 2020 Housebuilders’ Survey *, respondents rated residential development lending conditions for SMEs 1.98 out of 5, down from 2.15 the previous year. And best practice consultancy AXELOS** says 31% of all UK projects are likely to fail due to undefined risks.
This new partnership addresses both issues – clients of MASS Reports can fully understand the planning policies and history of their sites, prior to development, before moving seamlessly through to Brickflow where they are able to access a range of funding options.
The whole process, from sourcing planning reports to funding, takes days, rather than weeks or months, saving developers time, effort and money.
Ian Humphreys, Brickflow’s co-founder and head of lending, comments: “We’re delighted to team up with MASS Reports – this collaboration will be of real benefit to developers and takes us one step further in delivering enhanced proptech tools for a sector in need of more digital support.”
Mohan Cashyap, co-founder at MASS Reports, agrees: “This new partnership improves our clients’ experience, addressing planning and funding issues. Our process gives peace of mind before committing to purchasing a property or site, and Brickflow’s tools connect clients with lenders who are keen to fund their projects. This means they can go into vendor negotiations far better prepared.”