Propp Company Market Research Report



Company Overview



Name


Propp

Mission of the Company


Propp is the UK's first genuine direct-to-consumer price comparison site for specialist property finance. Propp aims to make comparing property finance deals easy and uncomplicated; driving higher competition and guiding people to the best deals available on the market. The mission includes offering greater choice, impartial guidance, and transparent language for users.

Founding Details


  • When was the Company Founded: 2018

  • Founders: No information is available


Key People in the Company


  • Peter Williams: CEO. Brings enthusiasm and energy with a passion for problem-solving. Strong focus on finance, sales, and operations.

  • Ben Larkin: CTO. Specializes in tech, marketing, and risk management.

  • Paul Elliott: Managing Director. Known for a straight-talking and positive approach with vast experience leading sales teams across residential and commercial property finance.


Headquarters


  • Location: Fareham, Hampshire, UK

  • Address: 16-18 Barnes Wallis Road, Segensworth, Fareham, PO15 5TT


Number of Employees


  • Employees: 11-50 employees


Revenue of the Company


No information is available

What is the Company Known For


Propp is known for being the UK's first direct-to-consumer price comparison site for specialist property finance. Propp stands out for its technology-driven approach, optimizing deal comparisons, and offering a comprehensive range of financial services for property investors.

Products



Overview


Propp offers a wide range of specialist property finance products:
1. Auction Finance
2. Bridging Finance
3. Commercial Mortgages
4. Development Finance
5. Buy-to-let Mortgages
6. Secured Loans

Product Descriptions and Key Features



1. Auction Finance
  • Description: Financing solutions tailored for purchasing properties at auctions.

  • Key Features: Quick funding solutions, competitive interest rates, and specialized advice.


2. Bridging Finance
  • Description: Short-term loans designed to bridge the gap between a sale and a purchase.

  • Key Features: Flexible terms, fast approval processes, and high loan amounts.


3. Commercial Mortgages
  • Description: Loans to finance the purchase or refinance of commercial properties.

  • Key Features: Long-term financing, tailored repayment plans, and competitive rates.


4. Development Finance
  • Description: Loans tailored for property development projects.

  • Key Features: Staged funding, customized terms based on project milestones, and expert guidance.


5. Buy-to-let Mortgages
  • Description: Mortgages for purchasing properties intended for rental purposes.

  • Key Features: Favorable interest rates, loan-to-value options, and rental yield calculations.


6. Secured Loans
  • Description: Loans secured against a property, often used for significant investments or consolidating debts.

  • Key Features: Lower interest rates due to collateral, flexible loan amounts, and various term options.


Recent Developments



Recent Company Developments


  • New Partnerships: Propp is classified as one of the few brokers on the panel for Birmingham Bank, providing access to market-leading products. This includes:

  • The capability to mortgage multiple properties on one loan.

  • Attractive rates for portfolio loans over £1M.

  • Direct access to decision-makers ensuring special treatment for clients.


New Products Launched


No information is available

New Features Added to Existing Products


No information is available

New Partnerships


  • Partnership with Birmingham Bank, focusing on buy-to-let offerings.

  • Collaboration with Firmitas Financial Services Ltd for volunteer projects, such as contributions to the Mary Rose Academy renovations.


Contact Information


  • Phone: 01489 346 788

  • Email: hello@propp.io

  • Address: 16-18 Barnes Wallis Road, Segensworth, Fareham, PO15 5TT


This concludes the detailed market research report for Propp.