borro, the leading personal asset lender, has added the new facility to further add flexibility to its proposition.
The news comes off the back of borro’s recently launched Concierge service, which offers clients the opportunity to have their goods personally collected and signed for by a dedicated member of the team for appraisal.
With ‘Sale Advance’, clients selling items at auction or privately can now benefit from borro’s service, which offers up to 70 per cent of the estimated hammer price in advance of the sale. The auction and sale process can be a lengthy process and in this way, clients can have instant access to funds while borro takes over the sale process and guarantees to return any extra value achieved at auction, should the items exceed the expected sale price.
Chris Willis, Senior Vice President for Business Development and Sales at borro commented: “We are particularly proud of the new addition to our service which we are unveiling to our intermediary partners. With Sale Advance, clients do not have to wait for an auction date or to make a private sale.
“borro is there with an offer of 70 per cent of the estimated value immediately, plus a full service to ensure a sale at the best price. The feedback has been very positive so far. borro’s offering is now, without doubt, the most flexible borrowing service in the UK.”
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