FinSpace has made a number of enhancements to its online portal, ‘myFinSpace’, in a bid to provide seamless customer journeys and efficient access to funding.
Over the past year, myFinSpace has introduced several updates, including the launch of its Refurbishment and Ground-Up Appraisal tools.
These tools are designed to simplify property appraisals and support clients in making informed decisions.
These tools also aim to empower customers with detailed insights into their property refurbishment and development projects.
The Refurbishment appraisal provides assessments of project costs, estimated revenues, and resale values, allowing users to make well-informed decisions about their investments.
Meanwhile, the Ground-up appraisal delivers cash flow forecasts for development projects, evaluating purchase costs, planning expenses, projected sales profits, and refinancing options.
Both tools generate key investment metrics, such as ROI and IRR, in a clear and concise appraisal summary, which can be downloaded.
Jaffer Abbas, CTO of FinSpace, said: “Technology is central to our vision. We’re focused on enhancing the speed of the application journey, ensuring cases progress quickly while driving greater distribution for our lender partners.
“We’re excited about what’s next as we continue to improve the customer experience and innovate the specialist finance sector.”
