RELENDEX has unveiled a strategic partnership with online property sales platform Yourkeys.
The tie-up, announced at LendIt Fintech Europe on Thursday, will enable the peer-to-peer property lender to provide finance to developers across the UK using the Yourkeys marketing and sales suite.
Relendex, which provides commercial and residential property finance, said that the deal will bring down overall finance costs for its borrowers by reducing the time it takes to sell property.
In addition to the funds being provided directly on the Relendex platform, Relendex said it has an international debt funding partner providing finance for heavy refurbishments.
It added that it plans to meet additional debt funding partners at Lendit Fintech Europe that are able to finance a new stream of housebuilding projects.
“Relendex is always looking for ways to offer property developers the best possible rates and to make our loans as attractive as possible,” said Relendex’s executive chairman Paul Sonabend.
“This partnership promises to revolutionise the way in which the construction industry markets and sells new build residential properties and will produce measurable cost savings for developers using the Relendex platform.”
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“Our partnership with Relendex makes perfect strategic sense as our offerings are hugely complementary,” said Yourkeys commercial director John Fitzgerald.
“Small- and medium-sized enterprise (SME) housebuilders need a dependable finance provider plus they want to sell their new homes quickly – together, we can help with both. This is an excellent example of two companies aligning at the right moment to help SME developers grow their businesses successfully.”
LendIt Fintech Europe 2019 takes place from 26-27 September at the Business Design Centre in Islington, bringing together 1,200 industry professionals to showcase innovation across the digital banking, fintech, payments and lending sectors.
Peer2Peer Finance News is a media partner at the event. Make sure to pick up your copy of the magazine!