Online property auction platform BidX1 has announced a new partnership with LendInvest, the specialist property finance platform. The collaboration is designed to make it easier for BidX1 buyers to secure the finance.
Through the partnership, BidX1 buyers will be able to connect directly with LendInvest’s short-term lending team, gaining access to bridging finance that can cover both the purchase price and any refurbishment costs. Borrowers will also benefit from a clear exit route to LendInvest’s buy-to-let products, helping them move smoothly from acquisition to longer-term ownership.
Stuart Collar-Brown, head of client acquisition at BidX1 UK, said: “At BidX1, we’re always focused on improving the buying and selling experience, and this collaboration gives our clients access to fast, competitive bridging finance, enabling more bidders to take part with confidence.
“By combining BidX1’s technology-led auction platform with LendInvest’s expertise in short-term property finance, we can help streamline transactions from listing to completion. The result is a smoother process for both buyers and sellers, reducing friction and helping unlock more successful sales.”
Leanne Ardron, MD for short-term lending at LendInvest, added: “This partnership with BidX1 is fundamentally about delivering certainty and speed in a compressed timeline. Auction deadlines are unforgiving, and property investors need guaranteed funds fast.
“LendInvest’s focus on technology and process efficiency, from AVMs to dual representation, means we can move quickly to support buyers and ensure they meet critical completion windows. Working with BidX1 allows us to offer that capability to a wider group of investors, helping them complete purchases with confidence.”
Read the orginal article: https://propertyindustryeye.com/bidx1-uk-teams-up-with-lendinvest-to-boost-finance-access-for-auction-buyers/?utm_source=rss&utm_medium=rss&utm_campaign=bidx1-uk-teams-up-with-lendinvest-to-boost-finance-access-for-auction-buyers
