We have received applications from across the country with lockdowns seemingly having no effect on demand for bridging loan, as virtual inspections and auctions become widely accepted. Moving into spring, we expect our application volume to rise even further as we continue to support customers and brokers.
For many people, the property market has historically been regarded as complex and challenging waters to navigate. In previous times, it was difficult to know when the best time to buy and sell property was, the most common advice being, “sell first and use the profits to buy later”. Whatever the scenario, borrowers were likely to cross paths with an overwhelming mortgage and months in a temporary living situation. However, modern consumers are more aware of their funding options and recognise the value that bridging finance can bring to the table.
In a market so ripe for disruption, TechLend is here to challenge the historically rigid lending market by offering an entirely new and technologically advanced way to borrow money. We provide homebuyers interest-free, paperless, bridging loans with same-day pre-approval; a revolutionary move to help reduce the stress from buying and selling property for both homeowners and brokers. Hinged on our proprietary technology, TechLend leverages property data and values to successfully solve the property sector’s biggest issues and simplifying what can be considered a lengthy approval process. Our quick turnaround takes the pressure off borrowers by funding up to 100% of the property purchase price plus stamp duty – offering certainty, speedy and transparency.
To understand more about TechLend and our bridging loan product, watch our explainer video below.
We are constantly updating our websites and social media platforms with the latest technology to provide our clients with greater access to digital lending.
To find out more information click here.