Specialist lender Avamore has joined the Knowledge Bank platform, strengthening its offering in the development finance sector.
Since launching development finance as Knowledge Bank’s eighth lending type, the fintech says broker searches in this area have continued to rise.
Recent search trends across the platform have revealed significant movement in the sector, with 'lend against land/purchase of land' climbing into the top five most-searched areas in April. Meanwhile, 'development of commercial property' recorded the biggest movement overall.
Shane Chawatama, sales director at Knowledge Bank, said: “Since adding development finance as our eighth lending type, we’ve seen strong and consistent growth in searches from brokers exploring this area of the market. April in particular showed some really interesting movement, with searches around land purchase and commercial development increasing significantly.
“Avamore are exceptionally well placed to add something new for our brokers. They bring real expertise, strong solutions and opportunities for borrowers operating in the development space, and we’re delighted to welcome them onto the platform.
“Their values around being responsive, determined and loyal are exactly what brokers want from lenders in today’s market. They’re a fantastic fit for Knowledge Bank and for the brokers using the platform every day.”
Adam Butler, sales director at Avamore, commented: "I am extremely pleased to have joined the Knowledge Bank panel and look forward to working with their brokers and borrowers. I have watched Knowledge Bank's journey closely over the last few years and have always been impressed with their unique platform and what it can offer the broker community.
"As a lender that prides itself on not being a tick box lender and looking at each application on its individual merit's I hope we can provide something different to the current offering across the development spectrum including any and all refurbishment or conversions.
"In my six years at Avamore I have seen a high number of brokers look to move from the regulated or BTL space into more specialist sectors and have helped numerous brokers with this progression over the years. I hope my team and I can continue to help more brokers looking to do this along with their clients who may be looking to start their careers in the development sector."
