Mortgage News
‘Stop the repossession’ service launched
Property Portfolio Rescue (PPR) has launched a ‘stop the repossession’ service for brokers with clients looking to sell their property quickly when faced with possession action.
The service offers brokers referral fees of up to 2% of the sale of the property or property portfolio that is purchased by PPR.
Each case is reviewed individually and PPR will liaise with the lender on the client’s behalf to get the best deal.
The service is available for residential purposes, as well as those looking to sell on their properties such as small portfolio holders, commercial landlords or property companies with large retail or residential portfolios.
PPR owns over 200 properties and manages more than £40m-worth of property assets as landlords.
Nick Hopkinson, director of PPR, said: “As a privately-funded landlord with a wealth of experience in this market, we often work with advisers and their clients to realise their assets and stop their banks and lenders moving to repossession.
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“Our funding is already in place which means we can, in some cases, exchange within 48 hours subject to due diligence.
“Advisers who introduce to PPR can be certain that their clients will be treated fairly, discreetly and above all, quickly, right through to completion.”