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Propp.io has undertaken a panel refresh as it approaches its first birthday.

Bridging | 25 October 2021

Propp’s goal is to transform the way people obtain specialist property finance, by driving transparency and innovation in the sector.

Peter Williams, CEO of Propp said “Over the past twelve months we’ve seen countless straightforward cases being rejected by lenders for trivial reasons, which is why it’s so important to build relationships with new lenders to our panel who take a common-sense approach to asset backed lending and bring something truly different to the table.”

“With that being said, we’re excited to welcome Greenfield Mortgages, Alternative Bridging Corporation and Sancus to the platform to add the dexterity that traditional lenders and high street banks often lack.”

“ABC are a prime example of a lender thinking beyond a standard approach to bridging, while understanding the importance of considering more flexible solutions with their Alternative Overdraft facility.”

Jonathan Rubins, Director at Alternative Bridging Corporation said “We’re very pleased to partner with Propp to make Alternative Bridging Corporation’s range of bridging and development finance available to property investors through the platform. We are a lender that delivers results, driven by the aim to find solutions, not problems, and to be fair and flexible. Property lending is our business, we accept each loan is unique and we do everything necessary to build lasting relationships.”

Greenfield is a small and agile business with a well-priced offering and so welcoming them onto the panel was a natural choice.

David Grant, Operations Director of Greenfield Mortgages said “Greenfield Mortgages offer market leading rates on regulated and unregulated bridging lending. Giving confidence with a completely transparent decision often within one hour of an enquiry and a simple lending process through to completion.”

In line with Propp’s mission to broaden their offering, Sancus bring to the panel the ability to reach borrowers in the Republic of Ireland and the Channel Islands.

Dan Walker, UK Managing Director and Deputy CEO of The Sancus Lending Group said “We are excited to join the Propp platform. As we seek to drive growth in the UK, it is key that Sancus is able to offer borrowers a proposition that is straightforward, transparent and can be delivered at speed. Teaming up with Propp will help us execute on that objective.”

Paul Elliott, Managing Director at Propp said “It’s important that the panel of Propp lenders evolves over time and is reflective of our mission to make specialist finance more transparent. While we have removed some lenders, the overall number has increased from 40 at launch now to 59 on panel and we are always open to understanding how new lenders can add value to our client’s needs.”

The real value you get from using Propp comes from their deal optimiser service. They encourage lenders to compete for your business by negotiating rates and returning a personalized quote, often with a discounted rate within 24 hours, providing a saving on average of over £8,000.