Property consultancy Fisher German has been appointed by peer-to-peer lender FOLK2FOLK to its national valuation panel.
Approved panel valuers play an essential and vitally important role in the secured lending offered by FOLK2FOLK. Panel valuers provide an independent and reliable assessment on the value of the land or property proposed by the borrower as security against a loan.
Valuations of land and property for FOLK2FOLK’s secured lending takes the form of desktop or Royal Institution of Chartered Surveyors (RICS) ‘Red Book’ valuations, depending upon the security property. Fisher German will be providing Red Book valuations.
FOLK2FOLK Co-Founder and Head of Legal, Louis Mathers, said one of the most satisfying things about FOLK’s nationwide growth is partnering with high-calibre and complimentary businesses like Fisher German: “We’re very pleased to have Fisher German on board and to be adding their significant property expertise to our SME lending and investing service.”
Fisher German has offices across the UK including in Banbury, Hereford, Hungerford, Worcester and Thame. FOLK2FOLK has an office in Cheltenham.
Hannah Rose, Associate Director at Fisher German, said: “We are delighted to be appointed to the panel and have the opportunity to work alongside FOLK2FOLK who are extremely well respected in the marketplace lending sector. There are great synergies between Fisher German and FOLK2FOLK and we are looking forward to working together.”
FOLK2FOLK recently surpassed £390 million in cumulative lending, providing British small businesses across a wide range of sectors, access to the finance they need to grow, diversify or refinance. FOLK2FOLK is in the process of expanding its valuer panel to ensure good coverage across Britain and further announcements regarding new valuer partners will be made in due course.