Lendlord launches integrated auction tool
Property investor and landlord platform, Lendlord, has launched an integrated auction tool that allows users to browse available lots, analyse properties and arrange bridging finance, all from within the same portal.
The Lendlord auction tool enables investors 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 out or ‘flip’ them for immediate profit.
If an investor decides they want to bid on a property, they can then arrange a bridging loan to finance the purchase, all from within the Lendlord platform. Any details they would have entered whilst analysing the property will automatically be carried through to the loan application, creating a simple and seamless user journey.
Bridging finance is popular amongst purchasers buying at auction because it can be arranged quickly, with completion possible within 28 days, which is a requirement of auction purposes.
Aviram Shahar, co-founder and CEO at Lendlord, 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. We think this is going to be a game changer for investors and we are looking forward to helping more landlords profit from property.”