Propp news reel is your one-stop-shop for property news in the UK.
So, you’re thinking of taking a leap and buying a property at auction – congratulations! But before you start picturing yourself as the proud owner of a charming fixer-upper, there’s one thing you need to sort out first: getting a mortgage. Now, whilst it is possible to get a mortgage on an auction property, it […]
Welcome to the world of HMOs! If you’re scratching your head wondering what these three letters mean, don’t worry! We’re here to untangle the mysteries of HMOs and guide you through this realm of property investment. Whether you’re a complete novice or already familiar with the term but unsure where to begin, this blog is […]
Read ArticleAre you looking to buy a new house, but don’t have the funds yet? Or need a loan for property development but don’t know where to start? Fear not! A bridging loan might be the perfect solution for you. In this blog, we’ll explore the ins and outs of using bridging loans for residential property […]
Read ArticleIf you’ve ever bought property at auction or wondered about how property auction finance works, then this is the blog for you. Auction property finance is a little different to a conventional residential mortgage. It can be confusing…but it doesn’t have to be. Auction finance, also known as bridging finance, is a special kind of […]
Read ArticleImproving the energy efficiency of Britain’s housing stock is a key part of the Governments manifesto pledge to tackle Climate Change. Despite this, 40% of commercial landlords are unaware that in just six months legislation is coming into force that requires commercial rented properties to have an EPC rating of at least E. Research by […]
Read ArticlePaul Elliott, Managing Director of Propp sat down to talk about the rise of the property auction and how bridging finance is playing an important part in its growth. Bridging finance traditionally was used to bridge the gap between selling your home and buying a new home or a measure to prevent a chain break. […]
Read ArticleCareful costing of a property development is key to ensuring your project stays on time and on budget, but even the most experienced builders, property developers and landlords know that it takes just a few bumps in the road to throw these straight out the window. According to UK Construction Online less than one in […]
Read ArticleOver half of brokers have admitted to providing bridging finance to clients even though they don’t have a good knowledge of the market according to a recent industry report by West One and Brightstar. While its great news that three-quarters of traditional brokers are recognising the important role bridging finance can make to your property […]
Read ArticleApex has launched a pilot product offering 90% LTV against open market value for experienced investors. It’s a great bridging loan for below market value quick flips you may pick up at auction. Property The property must be a residential purchase that will benefit from an uplift in value whilst the bridging loan is in […]
Read ArticleA recent portfolio case we handled demonstrates the importance of working with an expert for your finance needs. Our client wanted to use a bridge to obtain a portfolio with a market value of £1.8M but a purchase price of £1.45 million before refinancing onto a BTL mortgage to free up his capital, which is […]
Read ArticleThe specialist property finance comparison site Propp.io has onboarded MS Lending to cater to the growth of enquires they are seeing for commercial bridges as the sector springs back to life after the pandemic. MS Lending, having launched just 2 months after Propp in January 2021 are relatively new to the scene, but are addressing […]
Read Article * 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.