Proportunity provides equity loans of up to £150,000, or 25 per cent of the house price, and sits on top of the mortgage from the mainstream lender.
The lender said that it means borrowers can borrow up to six times income and allow borrowers to afford homes with a five per cent deposit.
Griffin was founded in 2000 as a high street agent and went online in 2015. It allows users to sell its property with a sales fee of £195 in a four-step process.
When someone lists a property on Griffin, they also list the property with main portals, On the Market, Rightmove, PrimeLocation.com and Zoopla.
Proportunity said that the partnership came amidst a cost of living crisis, rising interest rates and house prices, which made created a “challenging environment for buyers”.
Consequently, buyers were looking at alternative ways to finance their home, so were looking to increase the amount they could raise in a deposit.
Vadim Toader (pictured), CEO and co-founder at Proportunity, said: “It’s our mission to unlock the future of home financing to meaningfully improve our customers’ lives. We’re always looking for ways to add value to our aim of assisting home buyers, which is why we’ve partnered with Griffin Property Co.”
“Griffin Property, like us, is committed to assisting customers by providing the most cost-effective access to the major property portals, as well as an experienced team to assist customers at every step of the process. We know our customers are in good hands when it comes to finding their dream home. We are delighted to have partnered with an award winning agency, providing a best in class service.”
Nick Neale, director, at Griffin Property, added: “Through Proportunity, we’re able to offer our home buyers more options to suit their budgets. Our sellers also benefit from more interest in their properties.
“The fact that Proportunity uses proprietary machine learning technology to identify homes in high potential growth areas also gives our buyers and sellers confidence that they are buying at the right value.”
