Introducer Today

News Story

PPR offers brokers quick property sale link up

Monday 27th July 2009

Property Portfolio Rescue (PPR), the UK based residential property recovery specialist, is offering IFAs with access to a new revenue stream.

PPR is offering IFA s referral fees of up to two per cent, for those who successfully introduce clients looking for a fast sale on their residential property or property portfolio.

The firm said with a third of all UK mortgages predicted to be in negative equity by next year, a growing number of homeowners and landlords concerned about job security and future income are looking to offload their property quickly, before house prices fall further.

PPR is increasingly working with IFAs and mortgage brokers, offering their clients the opportunity to achieve a fast and hassle-free sale, it said.

Nick Hopkinson, director of Property Portfolio Rescue (PPR), said: “As consumers look to re-assess their debt, we are increasingly working with IFAs to assist those whose clients need to sell their property, or portfolio of properties, fast. Not only are we providing IFAs with a lucrative new revenue stream, but we are able to assist their clients who are suffering from increasing debt to release the equity they have in their homes quickly, before their value falls further.”

He added: “With private and bank finances already in place, we are effectively a cash buyer, able to act quickly and exchange in as little as 48 hours (subject to due diligence).”

Rob Ferris, a Birmingham based IFA, said: “PPR were the only realistic option for one of my mortgage clients after they had lost their job and got into serious arrears. They did not qualify for any of the re-mortgage deals available and had tried and failed to sell their three bedroom semi on the open market, with their sales chain collapsing, for the second time, after six months. My client did not have much time and PPR acted very fast with the whole transaction completed in just over two weeks.

Have your say on this story using the comment section below

Send to a Friend

View Comments 0 comments

Report Abuse

There have been no news comments

Post Comments

Please login to post comments:

Post Comments without login

Most Read News Stories:

Regulator to ban self-cert mortgages
Tuesday 13th October 2009

Tesco to launch mortgages before current accounts
Monday 23rd November 2009

Order to suspend HIPs is signed
Monday 17th May 2010

Mortgage advisor pleads guilty to charges
Wednesday 29th October 2008

Case result major blow for claims management firms
Monday 26th October 2009

Discuss in Forum

RSS Feed

Share this article:

Digg it

Del.icio.us

Newsvine

Nowpublic

Feedback:

If you have any questions or suggestions about this article or our news section, please don't hesitate to contact us.

Claims Financial are a market leader in the £30 billion financial compensation market and 99% of our work comes from partners just like you.

Read More