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.