The Financial Intermediary and Broker Association (FIBA) has added landlord finance specialist Factored to its lender panel.
Factored aims to help landlords unlock capital by selling their future rental income rights. This can then be used for property-related expenses such as service charges, mortgage payments, tax obligations, refurbishments and repairs.
This allows landlords to protect their credit score, doesn’t need hard credit checks and offers discounts for early settlements.
Martin Reynolds (pictured), chair of FIBA, said: “The Factored proposition is an interesting opportunity for those landlords who might be looking to develop their existing properties, add green efficiencies, or retrofit.
“As the new government releases details of its plans, I feel this proposition is a particularly useful tool for brokers working with landlords to appraise their client of the opportunities available to support their businesses further. Adding additional services for landlords will be an important role moving forwards.
“We are very pleased to have David and the Factored team on board as, in a busy market, one thing our brokers have asked for access to is choice of potential opportunities across the various lending types within our sector, and we are pleased to support their requests.”
David Rabee, co-founder of Factored, added: “At Factored, we specialise in rent advances for landlords, delivering funds within 24 hours while protecting credit scores. Unlike traditional loans, factoring offers a swift and flexible solution tailored to landlords’ needs.
“Partnering with FIBA allows brokers to increase commissions and attract new clients, driving mutual growth and success.”
FIBA recently added Paragon and Lloyds Bank to its lender panel.
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
