borro launches new ‘Buy’ service
By Bridging Loan Directory -
borro, the UK’s leading personal asset lender, has launched a new service to buy clients’ valuables, such as luxury watches, jewellery, diamonds and gold as a complementary alternative to its successful short term loan facility.
After a successful trial in August, which resulted in over £100,000 of new business, feedback from customers and introducer partners has demonstrated that the option to sell to borro is an attractive one. borro, with its auction house trained valuers providing realistic appraisals of personal items, fair prices and a fast, discrete service is seen as offering a clear one stop alternative for those wishing to raise capital quickly by outright sale or loan.
Customers can either visit borro at their London offices or organise for collection making use of borro’s new Concierge service, where a fully insured borro staff member will come to a client’s home or business. Valuation and offer of funds can be made within 24 hours.
According to Chris Willis, Senior Vice President at borro, the new service provides advisers and their clients with two highly attractive routes to raise capital quickly and discretely.
He said, “The new service is particularly useful, for example, to those people who were planning to auction personal assets, such as jewellery or art, but did not want to wait or run the risk of not meeting their price expectation. To be able to raise money while taking advantage of borro’s expert valuation and distribution channels means that clients can either borrow or sell and still be able to receive the same fast service and access to funds on the same day as valuation.”