The new 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
An integrated auction tool that allows users to do ‘everything’ – from browsing available lots, to analysing properties, and arranging bridging finance – has been launched by property investor and landlord platform Lendlord.
The new 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 portal. According to Lendlord, bridging finance is popular among purchasers buying at auction because it can be arranged quickly, with completion possible within 28 days.
Read more: Lendlord introduces “buy to sell” deal analyser.
“There are so many opportunities to uncover for savvy investors in property auctions, but the process can be clunky and time consuming,” Aviram Shahar, Lendlord co-founder and chief executive officer, said. “The whole purpose of Lendlord is to make it as easy as possible for property investors and landlords to manage their investments and increase their returns.
Shahar said the integrated auction tool would be a game changer for investors.
“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.”
