LendInvest has launched its first distinct auction finance product.

It is designed for borrowers who need their deals to be fast-tracked by their lender to ensure certainty of funding within tight timeframes.

Features include:

• 50% discount on valuation fees
• No exit fees
• Available on loans ranging between £75,000 to £7.5 million
• Available on terms from 1 to 12 months
• Available on loans with a maximum 75% LTV

Matthew Tooth, chief commercial officer at LendInvest, said: “A significant proportion of the deals that brokers bring to us are for purchases agreed at auction. In these cases, our brokers’ clients too often struggle with the same issue: their lenders can’t meet the demands to get their loans completed in time.

“Our auction finance borrowers receive a fast-tracked service to give them the comfort they need to know that if we say we’ll lend, we’ll do so in the short space of time available.”