FinSpace launches new appraisal tool

Its ‘Propflex’ offering will enable its customers to source land and/or property, finance it and then market the new stock — creating appraisals, quotes and projects — all through one platform.

The initial focus of the company has been on bridging and development, but it is diversifying and expanding into secured loans this month.
It is also increasing its headcount with additional experience hires to assist with its long-term vision and growth.

Graham Beresford, managing director at FinSpace (pictured above), said: “It is my absolute privilege to head this business and I remain as excited today as I was about four years ago, when we first set out on our journey.

“Our growth in such a short space of time would not have been possible without clients and lenders who have supported the business since its inception in 2018.

“The past year has been spent building out our tech team and road map".

Jaffer Abbas, co-founder and chief technology officer, added: “We are committed to leveraging technology to revolutionize the way we approach property financing.

“It is only through customer and lender facing experience that we can truly deliver a solution which is adapted by the target audience”.