Brickflow partners with FIBA
Property development finance marketplace Brickflow has become a professional partner of the Financial Intermediary & Broker Association (FIBA).
The partnership enables FIBA’s more than 1400 members to search and apply for property development finance via Brickflow’s platform.
FIBA supports intermediaries in growing their businesses and gives them access to dedicated resources to help them deliver their services.
By using Brickflow’s software, FIBA members can search more than 40 development finance lenders in minutes, apply online and receive a decision in principle in hours, rather than weeks.
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Unlike other platforms, only brokers can submit loan applications, and there’s a white-label option so users can badge the software as their own to clients.
“FIBA is a natural fit for us because our aims are the same; to help intermediaries grow their businesses,” said Brickflow co-founder Ian Humphreys (pictured).
“The market has been crying out for a proptech solution to the age-old lack of transparency problem in the development finance market, and the Association is a great way to share it. It’s not sustainable to waste weeks wading through a borrower’s paperwork and calling around lenders trying to place a case, plus probably more weeks to receive indicative terms. Brokers need the tools to serve their clients better.”
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FIBA executive chairman Adam Tyler added: “Not only does the system save an inordinate amount of time in sourcing the funding required, and then in the application for a project in play, but the fact also that it cuts completion down from six months to a potential six weeks is quite literally game-changing.
“Another aspect of great value is the ability for the Brickflow platform to support broker conversations with their developer clients, allowing for modelling of proposed projects before committing to a funding stage, by running a model through the system to establish whether the next development is financially viable.”
Access to the software is £35 per user per month or £350 per year, and brokers receive 100 per cent commission.
Brickflow is currently running a special offer of yearly access for FIBA members for £280, which equates to 12 months for the price of eight. The offer ends 31 March.
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