Avamore Capital launches new products into market

By Bridging Loan Directory 21st June 2018

Avamore Capital is proud to announce the introduction of newly defined products; the lender has segmented their existing offering into residential bridging, commercial bridging, development finance and bespoke solutions. In conjunction with this change, Avamore has strengthened institutional partnerships and intends to offer rates from 8% per annum for its residential development product.

After conducting feedback sessions with valued clients, partners and prospects, Avamore discovered that the market needed some further clarity around exactly what the lender can offer and who they can service. On the whole, Avamore was praised for its prompt service, which consistently ensures transparent communication but there were some suggestions around what else Avamore could do to improve the broker experience. There was a clear need for the lender to produce a defined matrix for their respective products.

Avamore’s offering consists of residential bridging, commercial bridging, development finance and bespoke solutions. The introduction of these new categories creates clarity around which Avamore product will best suit potential borrowers. Importantly, Avamore will continue to offer bespoke and structured, loans alongside more straightforward bridging and development finance. The lender’s origins were based on servicing a more complex segment of the market, however, with a diversification of funding, Avamore is now able to expand the overall offering and work with a greater proportion of the market.

As the end of H1 approaches, Avamore is delighted to have launched new products to deliver on the company’s promise of offering attractive products in terms of pricing and customer experience. The lender has reached a key milestone as it is now able to confidently lend from 0.65% per month for its residential development product. Avamore will be entering H2, assured that it is competitive on pricing, has a strong product selection and offers a positive customer experience.

Zuhair Mirza, Principal at Avamore commented:

“We are pleased to be launching these new products and hope this change will open up new opportunities for Avamore to grow and be able to service a greater proportion of the market. Critically, we will retain our proactive and responsive service whilst continuing to provide access to a decision maker throughout the underwriting process. We are excited to work with more brokers and developers in the market and look forward to strengthening relationships further”.

Michael Dean, pictured, Principal at Avamore said:

“We hope that by launching these products and adding greater clarity around our offering, we will be able to ensure an exceptional Avamore experience as soon as a borrower or broker hears about us. Whilst we are excited to enter the market with a new price point, every deal which is introduced to Avamore is assessed on a case by case basis. We will always take the time to speak to brokers and borrowers and guide them through our product offering to establish which solution is best for them. We are looking forward to strengthening relationships within the market”.