Specialist lender Together has appointed a new business development manager to its auction team as it continues the expansion of its highly successful auction division.
Currently, Stockport based Together’s auction finance team attends around 300 property auctions per year and the company hopes to further increase this number with the appointment of Kirsty Rogers, who joins from Sensible Home Finance.
Together saw a 32 percent increase in its auction funding in the 12 months to 30 June 2016, lending £79 million.
As a specialist auction finance provider, Together has strong relationships with auction houses across the UK and can agree finance with auction purchasers in advance of the event, so that they can bid with confidence on a particular lot. Together is known for its common sense approach to lending and will consider a wide range of properties, including those that a mainstream finance provider may not typically be willing to lend on. This is a major factor in its success in the auction arena, where investors may be looking at properties that require renovation.
Scott Hendry, director at Together, said: “Together’s auction division is growing steadily and we’re pleased to have Kirsty on board to strengthen our team further. We already have a presence at many of the leading property auctions across the UK, as it’s essential for us to have dedicated auction finance experts on hand to talk to customers. Kirsty will complement our existing team, whilst also helping us to increase our capacity to attend even more auctions.
Speaking of her new role, Kirsty Rogers said: “I’m delighted to be joining the auction division at this exciting time. Together has a really strong and established position in the auction market and I’m looking forward to working with my colleagues to continue to grow this over the coming years.”
In addition to auction finance, Together provides residential and commercial mortgages, short-term finance and secured loans. Across the group annual lending for the year ending 30 June 2016 topped £1 billion for the first time, up 39.5% on the prior year, whilst the current loan book stands at more than £1.8 billion.