The move aims to help the two digital platforms meet their mutual objectives: to connect borrowers and lenders quickly and ensure developers and asset managers make informed decisions about their sites’ potential, reducing the likelihood of project failure.
It also looks to address various planning and funding issues within the property development industry.
According to the Federation of Master Builders’ 2020 Housebuilders’ Survey, respondents rated residential development lending conditions for SMEs 1.98 out of 5, down from 2.15 in the previous year.
The report also revealed that 44% of SMEs predict that access to finance will be problematic over the next three years.
In addition, 48% of respondents cited the planning system as the biggest barrier to increasing output.
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Thanks to the partnership, MASS Reports clients can fully understand the planning policies and history of their sites prior to development, before moving seamlessly through to Brickflow, where they are able to access a range of funding options.
The whole process aims to save developers time, effort and money.
“This new partnership improves our clients’ experience, addressing planning and funding issues,” said Mohan Cashyap, co-founder of MASS Reports.
“Our process gives peace of mind before committing to purchasing a property or site, and Brickflow’s tools connect clients with lenders who are keen to fund their projects.
“This means they can go into vendor negotiations far better prepared.”
Ian Humphreys, head of lending and co-founder of Brickflow, commented: “We’re delighted to team up with MASS Reports — this collaboration will be of real benefit to developers and takes us one step further in delivering enhanced proptech tools for a sector in need of more digital support.”