Tag: Borro

The client – referred to Borro by a regular partner – provided a small collection of blue-chip postwar and contemporary art by American artists as security in order to refinance an existing loan. Due to its familiarity with luxury assets, Borro was able to offer the client additional funds and more flexible exit terms. Read more on Bridging & Commercial...

Borro is offering brokers and their clients a guarantee that every valuation for a bridging loan will be completed and returned with 48 hours of first contact by a surveyor. Read more on Bridging & Commercial...

Matthew Yassin, partner at mortgage broker Coreco, approached Borro on behalf of a client urgently looking to secure a loan against a collection of jewellery and watches. Borro had a contract ready and were preparing to transfer funds within an hour of his arrival at their offices in Chancery Lane, London. Read more on Bridging & Commercial...

Borro is offering brokers 5% commission on loans secured against luxury assets until 14 April. Brokers signed up with Borro also qualify for step by step guides on asset-backed cases, an assigned Borro staff member, support for mailshots and website links for referrals. Read more on Mortgage Introducer...

United Kingdom-based secured lender Borro is predicting hard luxury assets, including art and classic automobiles, to be tangible stores of wealth in the aftermath of the European Union referendum. Last week on June 23, U.K. citizens voted to leave the EU as the referendum passed with 52 percent of voters choosing to exit, the news of which caused a $2 trillion hit to global stocks, the pound to fall 10 percent to the dollar and the euro to drop 3 percent. Britain’s secession from the political-economic union will be a two-year process, but the impact of this time of uncertainty has been immediate. Read more on Luxury...