Wellers Auctioneers & Valuers to provide personal asset loans

borro, UK personal asset lender has concluded a partnership agreement with Wellers, the Chertsey and Guildford based auctioneers and valuers.

Wellers will offer short-term personal asset loans powered by borro, to their vendor and buyer client base. Products include consignment loans, borro's latest product offering, tailored for those looking to raise capital by selling private assets at auction.

borro will lend up to 70% of the value of the items pledged through Wellers with preferential rates starting from 2.49% a month. There are no early redemption fees, and clients can borrow between £1,000 and £1 million.

Chris Sykes, Managing Director of Wellers Auctioneers said, "The partnership we have with borro has arrived at a particularly testing time in the financial cycle. It is an extremely useful and unique solution that we can now offer to both our vendor and buyer clients. At Wellers, we are constantly recognising the need to offer alternative services in this rapidly evolving sector and we are excited about this added opportunity."

Claire Gates, Managing Director at borro, commented, "We are delighted to have formed this partnership with Wellers. Our service will provide an additional lending resource to their clients at a time when conventional sources are unwilling or unable to help or while they're waiting to sell. Wellers experts have a strong awareness of current trends in the jewellery, fine art, gold, diamonds and watches markets and we look forward to working with them."

borro offers small business owners, entrepreneurs and all other customers short-term loans of £1,000 to £1,000,000. Loans are secured against assets including fine art, antiques, prestige cars, luxury watches, diamond jewellery, gold, yachts, fine wine and other high value assets. A transaction with borro is transparent, with all rates and processes made clear from the outset. There are no credit checks and loans can be redeemed at any time without penalty.