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.
Wed, 14 Jun 2017
8am - 9am
Two Fitzroy Place
8 Mortimer Street
5 seats remaining
- 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.
- 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.