Propp news reel is your one-stop-shop for property news in the UK.
Project Background: An experienced property investor wanted to convert a disused hospital in Darlington into 30 modern flats. Already owning the property, the client needed a £2.9 million loan to finance the refurbishment. The development was projected to deliver a Gross Development Value (GDV) of £5.5 million upon completion. Challenge: The main challenge, in this case, […]
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Client leveraged his residential property to purchase grade 2 listed commercial property, consisting of 4 retail units and 2 floors of office above…
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A portfolio landlord approached Propp, the specialist finance comparison site to purchase a detached property for £850k next to Manchester airport…
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A client who had been running hotels for many years wanted to take the leap to buy her own premises. She found a beautiful property valued at £1.2m…
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A popular Chinese restaurant that has been in operation for over 30 years and has built a loyal customer base. The owner inherited the restaurant from his parents…
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Background: Our client had purchased 34 flats converted from an NCP car park as an investment. However, when attempting to refinance the properties, they faced difficulties due to their poor condition. At the survey stage, one broker and two lenders backed out of the deal, leaving the client in a challenging situation. They urgently needed […]
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LTV
Background Our client desired to acquire a property portfolio with a purchase price of £1.45 million. Typically, the client would obtain bridging finance for the purchase and later refinance onto a Buy-to-Let (BTL) mortgage to free up their capital. However, this approach would entail additional fees, legal costs, and valuations during the refinancing process, amounting […]
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Background: A client in the property development industry had purchased a property at an auction for £252,000 with the intention of splitting it into multiple units and selling them for a profit. However, due to a series of unforeseen circumstances, including a dispute with subcontractors who had been paid twice for their work, our client […]
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The Propp news reel is your one-stop-shop for property news in the UK. Covering areas of specialist lending such as bridging finance, commercial mortgages and development finance.
Whether you’re a seasoned investor, novice landlord or avid auction buyer you’re in the right place to stay on top of all you need to know about property.
We’ll be updating this section with the UK’s latest landlord news, tips for managing tenants and maintaining a profitable portfolio whether you’re a first-time landlord or have a portfolio of HMOs.
Buy-to-let investors and landlords can check in for regulatory updates and information on investment opportunities up and down the country.
Keeping up to date with buy to let latest news is key to success as a landlord.
Tenants and landlords alike can check in for lettings news to compare rental price trends up and down the country.
You’ll be kept up to date on the latest and greatest across the world of bridging finance, from stand out products to lenders that are making a splash.
Short term finance is a useful tool in any investors toolkit, be it to support purchases at auction or to fund the purchase and renovation of unmortgageable properties to make them marketable. The industry can be a whirlwind so stay up to date with the best rates on the market by tuning into our bridging loan news reel.
Check in here for regulatory updates and keep track of changes to permitted development rights in the UK.
A team of property experts will bring the latest property news, market reports and an industry overview as and when the news breaks.
We hope to be reporting soon the return of lenders to the commercial playground after a mass slowdown since early 2020 caused lending to drop off a cliff.
Follow here to be the first to hear as lenders and banks begin to increase their appetite for owner-occupied loans and lending in areas such as hospitality.
* bespoke quotes supplied the next working day following provision of all required lender information being supplied and validation by Propp case manager
† saving based on annualised interest rate saving where deal optimiser service negotiated a lower rate than lender’s published rate, based on current average saving of 0.9% and average loan £1051785. Time saving based on automated versus manual bespoke rate requests.