"By giving brokers and their clients instant access to development finance, they can quickly determine whether a site is viable, saving countless hours of time for all parties."
Once a broker registers as a Brickflow user and inputs the developers’ project details, the platform sources loans from over 40 lenders within two minutes.
By using proprietary algorithms and searching over 120 data points across each lender, Brickflow pairs the right development finance options with the project, returning instant results.
After the preferred loan is selected, the platform allows easy data and document upload to which lenders can be invited to login and view.
With Brickflow, credit approval is between 48-72 hours (its record is 4.5 hours).
Designed in collaboration with development finance lenders such as Shawbrook, United Trust Bank, Paragon and Barclays, the conversion rate from Heads of Terms to loan completion is over 90%, which takes six to eight weeks on average.
Loan offers range from £150k to £150m for residential, commercial and mixed-use new-builds, conversion and Permitted Development projects.
Brokers using the platform keep 100% commission on every loan completed; Brickflow simply charges a flat fee of £35 per user, per month.
Brickflow also offers brokers a white label solution. Brokers can upload their company logo and contact details so borrowers see the software as the broker’s own.
Once the first 150 broker firms have completed their feedback on the platform, Brickflow will be launched to the whole broker market in around two month’s time.
Brickflow co-founder and CEO, Ian Humphreys, commented: “This much-needed industry tool is a game changer for brokers who historically have suffered from a lack of choice as well as difficulty in sourcing best-fit development finance loans for clients. Our ground-breaking technology saves brokers time and money; it’s quick, efficient, insightful and transparent, providing brokers with an unrivalled range of development finance solutions and access to a significant income stream.
“Brickflow also supports brokers in the compliance process, storing all search and borrower information in the cloud, enabling them to document and evidence why a particular solution is recommended.
“By giving brokers and their clients instant access to development finance, they can quickly determine whether a site is viable, saving countless hours of time for all parties. Lenders are particularly appreciative, as the system painlessly guides users through what information is needed to issue loan terms. This means beginners as well as expert brokers, can use Brickflow.
“One well-known high-street lender recently remarked how Brickflow enables it to typically offer loan terms in 30 to 40 minutes rather than three weeks of back and forth to pull together the information they need.”
