Auction Finance: What your clients need to know about buying and financing at auction

In our second Broker Breakfast to take place in London, Tom Madden, LendInvest and David Sandeman, EiG, will talk about how over 20,000 properties with a value of over £3bn are sold at auction each year across the UK and how, due primarily to the tight timescales required on completion, mainstream lenders can’t cater for this market. This is where auction finance specialists, who understand the process, the requirements and can deliver on time can step in with short term financing options.

 

 

event_note

Wed, 14 Jun 2017

schedule

8am - 9am

room

LendInvest
Two Fitzroy Place
8 Mortimer Street
London
W1T 3JJ

mic

2 speakers

people

5 seats remaining

Speakers

  • Image showing Tom Madden
    Tom Madden Business Development Manager, LendInvest

    Tom is Business Development Manager at Lendinvest and has over 15 years experience in Real Estate Finance. He is Lendinvest's auction specialist and attends numerous auctions every month working with Auction Houses, Partners and Clients to provide the most effective Auction Finance.

  • Image showing David Sandeman
    David Sandeman Founder, Essential Information Group

    After qualifying as a barrister in 1982, David spent the rest of the 80’s in London developing flats and houses. Many of the properties were acquired at auction giving David valuable experience of the auction market. In 1990, he set up EIG, a reporting service for the UK property auction industry. To this day EIG remains the acknowledged industry expert on auctions. The database has over 800,000 past auction lots and over 35,000 are added each year. In addition, EIG provides a range of services to the industry and media.

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