Brits turn to unusual assets for finance

With individuals and small businesses still struggling to access finance from traditional means, Brits are turning to unusual assets to raise finance. borro, UK personal asset lender, continues to see customers coming through the door with unique and unusual assets in the search for finance.

borro offers loans of £1,000 to £1,000,000 against luxury watches, jewellery, fine art, antiques, prestige cars and more. Personal assets from avid collectors are being used against loans including a train set securing a £41,000 loan, and an £81,000 loan against a stamp collection.  borro has also lent £23,000 against a collection of Fender classic guitars and £32,500 against Beatles memorabilia.  A Mackintosh panel from the Willow Tea Rooms in Glasgow secured a loan of £10,000.

A selection of unusual assets in the borro vaults:

Item - Loan
 
Stamp collection £81,000
Train set £41,000
Beatles Memorabilia £32,500
Collection of boxing memorabilia £25,000
Collection of Fender classic guitars £23,000
Mackintosh Panel from Willows Tea Rooms £10,000
A pair of German parcel-gilt silver figures in medieval costume £5,000
Swiss Violin circa mid-18th Century, with bow, cased £786
17th and 18th Century Manuscripts £400
18th century Dictionary £145

Paul Aitken, CEO of borro, comments: "Brits are realizing that they have some very interesting and valuable personal assets sitting in their homes or in storage which could be put to some good use - especially when it comes to raising finance.

"It's always fascinating to see the wide variety of assets coming to us at borro.  Individuals and small businesses are still looking at alternative ways of raising money to help pay for unexpected financial situations - tax bills, or business cash flow issues for example. Unlocking the value of unique and unusual assets could be the solution."

For more information, visit borro.com.