The Financial Intermediary & Broker Association has added Factored to its lender panel giving landlords the ability to borrow money against future rental income.

Factored allows buy-to-let borrowers to release money by selling their right to future property earnings for a period – effectively giving them an advance on rent.

The money they unlock can be used to help cover expenses such as service charges, mortgage costs, tax bills, repairs and renovations.

It is a scheme which can help landlords to protect their credit score should they face unexpected costs they can’t easily meet.

There are no hard credit checks and discounts are offered for settling the loan early.

FIBA chair Martin Reynolds says: “The Factored proposition is an interesting opportunity for those landlords who might be looking to develop their existing properties, add green efficiencies, or retrofit.  

“As the new Government releases details of its plans, I feel this proposition is a particularly useful tool for brokers working with landlords to appraise their client of the opportunities available to support their businesses further. “Adding additional services for landlords will be an important role moving forwards.

“We are very pleased to have David and the Factored team on board as, in a busy market, one thing our brokers have asked for access to is choice of potential opportunities across the various lending types within our sector, and we are pleased to support their requests.”

Factored co-founder David Rabee says: “We specialise in rent advances for landlords, delivering funds within 24 hours while protecting credit scores. 

“Unlike traditional loans, factoring offers a swift and flexible solution tailored to landlords’ needs. 

“Partnering with FIBA allows brokers to increase commissions and attract new clients, driving mutual growth and success.”

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