Venmore agrees deal with Auction Finance

LIVERPOOL auctioneer, Venmore has agreed a deal with Auction Finance – part of Manchester-based bridging loans group Jerrold Holdings – to offer short-term funding at its auctions.

Venmore said the deal means property investors can get funds transferred within 24 hours so they can meet the tight funding deadlines set under auction rules.

Maria Barrigan of Venmore Property Auctions said: “The agreement gives us a competitive edge in the current financial climate, enabling investors to agree lending decisions quickly on the property they want on the day.

“We see 2012 as offering fantastic opportunities for property investors.”