Refer to Propp, the specialist property finance experts
Our strategic partnership with Propp, the UK’s first comparison site for specialist property finance, will enable you to generate an income from clients with specialist needs. Propp are experts in bridging, commercial, development finance, complex BTL and secured loans.
Identified a client that needs specialist advice? Hand the reigns to an expert at Propp. Simply refer, and earn 30% of the procuration fee for every completion.
Benefits to mortgage advisers referring clients to Propp
Free up time
Spend more time on the cases that generate your income and leave the specialist advice to the specialists
Transparency
You’ll be updated at every stage in the case, whether it progresses or not.
Expertise
Specialist finance is Propp’s bread and butter. Your clients are in good hands
Additional income
Earn 30% of the procuration fee for every completion
Dramatic rise in demand for bridging and commercial loans
Data from Propp reveals that since April 2022 queries for bridging products have increased by an incredible 156% with requests for commercial products rising by 140%.
Nationally, bridging lending is growing in popularity, particularly with homebuyers who have experienced a breakdown in their property purchase chain following recent housing market turbulence. It has also become a tool widely used by landlords and investors who, being squeezed by tighter buy-to-let margins, are turning to auctions to pick up a bargain.
The commercial market is on the up after being hit first by the pandemic, and then again by rate increases and instability following the mini-budget. Finally, lenders are returning to the market with an appetite to lend, so it’s a great time for brokers to capitalise on pent up demand for commercial refinance.
With current demand on the increase, this could be an ideal time for mortgage brokers to explore new opportunities in unregulated lending.