LendInvest Mortgages has signed a deal with digital property auction platform BidX1 to make it easier for buyers to secure auction 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 the lender’s buy-to-let products and access to development finance, helping them move smoothly from acquisition to longer-term ownership.
Stuart Collar-Brown (main picture, inset), Head of Client Acquisition at BidX1 UK, says the partnership will enhance both speed and accessibility of finance across the platform.
BUYING AND SELLING EXPERIENCE
He adds: “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.”
CERTAINTY AND SPEED
Leane Ardron, Managing Director for Short-term Financing at LendInvest, says: “This partnership with BidX1 is fundamentally about delivering certainty and speed in a compressed timeline.
“Auction deadlines are unforgiving, and property investors and developers need guaranteed funds fast.
“Our focus on technology and efficiency, including the use of AVMs and dual representation, enables our team to move quickly, ensuring property investors meet the critical 28-day completion window.”
