The Association of Mortgage Packagers and Distributors (AMPD) has added borro to its panel of product providers.
Borro allows IFAs, mortgage brokers, accountants, solicitors, lawyers, wealth managers and tax advisers to offer short term loans of £1000 to £1,000,000 against assets of value including jewellery, luxury watches, gold, fine art, antiques, sculptures, luxury cars, yachts, speedboats and other high value assets.
Liza Campion, director at AMPD, said borro offers AMPD’s members a “unique alternative”” to conventional short term funding.